Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 26,662 people, 10,834 houses or apartments, and a median cost of homes of $222,720, house prices in Plum are solidly below the national average.
Single-family detached homes are the single most common housing type in Plum, accounting for 79.54% of the borough's housing units. Other types of housing that are prevalent in Plum include row houses and other attached homes ( 8.57%), large apartment complexes or high rise apartments ( 7.98%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.86%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Plum. Owner-occupied housing accounts for 82.16% of Plum's homes, and 70.00% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Plum built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Plum built between 1940-1969 ( 38.74%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.55%). There's also some housing in Plum built before 1939 ( 7.55%).
Real estate appreciation rates in Plum's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.60% during the period.
NeighborhoodScout's data show that during the latest twelve months, Plum's appreciation rate, at 4.89%, has been at or slightly above the national average. In the latest quarter, Plum's appreciation rate has been 5.01%, which annualizes to a rate of 21.58%.
Importantly, this makes Plum one of the highest appreciating communities in the nation for the latest quarter, and may signal the borough's near-future real estate investment strength.
Relative to Pennsylvania, our data show that Plum's latest annual appreciation rate is higher than 50% of the other cities and towns in Pennsylvania.
One very important thing to keep in mind is that these are average appreciation rates for the borough. Individual neighborhoods within Plum differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Plum - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Plum real estate investment or home purchase decisions.
$222,720
for Pennsylvania
for nation
10,834
$1,588 / per month