Abington, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Abington, PA Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Abington Housing Market Information

With a population of 16,543, 1,278 total housing units (homes and apartments), and a median house value of $85,939, house prices in Abington are some of the most affordable in Pennsylvania as well as the nation.

Single-family detached homes are the single most common housing type in Abington, accounting for 76.15% of the town's housing units. Other types of housing that are prevalent in Abington include row houses and other attached homes ( 12.45%), duplexes, homes converted to apartments or other small apartment buildings ( 6.28%), and a few large apartment complexes or high rise apartments ( 5.11%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Abington. Owner-occupied housing accounts for 80.93% of Abington's homes, and 73.82% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Abington's housing was primarily built during this period, from the '40s through the '60s. A full 69.07% of the town's housing hails from this era. Other housing ages represented in Abington include homes built before 1939 ( 18.18%) and housing constructed between 1970-1999 ( 11.63%). There's also some housing in Abington built between 2000 and later ( 1.12%).

Abington Home Appreciation Rates

In the last 10 years, Abington has experienced some of the highest home appreciation rates of any community in the nation. Abington real estate appreciated 17.47% over the last ten years, which is an average annual home appreciation rate of 1.62%, putting Abington in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Abington definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Abington's appreciation rate, at 4.03%, has been at or slightly above the national average. In the latest quarter, Abington's appreciation rate has been 0.99%, which annualizes to a rate of 4.00%.

Relative to Pennsylvania, our data show that Abington's latest annual appreciation rate is higher than 70% 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 town. Individual neighborhoods within Abington differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Abington - 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 Abington real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$85,939

Abington, PA HOME PRICES

Value Range
> $1,090,000 0.0
$818,001 - $1,090,000 0.2
$545,001 - $818,000 1.2
$436,001 - $545,000 0.5
$327,001 - $436,000 1.9
$218,001 - $327,000 6.8
$109,001 - $218,000 29.0
$54,001 - $109,000 41.1
$0 - $54,000 19.4

Very Low for PA
Very Low for Nation

Value Relative to Nation Value Relative to State
86.7895230282433 85.3140096618357

Number Of Homes And Apartments:
1,278

Abington Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
52.18% 2.46% 7 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$652 / per month

Homeownership Rate

Homeownership
Owners 80.93
Renters 19.07
Vacant 4.17

Housing Market Details

 

Age of Homes

AGE OF Abington HOMES
2000 or Newer 1.1
1970 - 1999 11.6
1940 - 1969 69.1
1939 or Older 18.2

Types of Homes

TYPE OF Abington HOMES
Single-Family 76.2
Townhomes 12.5
Small Apt. Buildings 6.3
Apt. Complexes 5.1
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Abington HOMES
No Bedroom 1.53
1 Bedroom 4.34
2 Bedrooms 13.79
3 Bedrooms 54.03
4 Bedrooms 19.79
5 or more bedrooms 6.53