Aliquippa, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Aliquippa, 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

Aliquippa Housing Market Information

With a population of 9,197, 4,156 total housing units (homes and apartments), and a median house value of $54,712, house prices in Aliquippa 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 Aliquippa, accounting for 64.96% of the city's housing units. Other types of housing that are prevalent in Aliquippa include large apartment complexes or high rise apartments ( 13.76%), row houses and other attached homes ( 12.26%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.86%).

The most prevalent building size and type in Aliquippa are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 58.48% owning and 41.52% renting.

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. Aliquippa's housing was primarily built during this period, from the '40s through the '60s. A full 49.40% of the city's housing hails from this era. Other housing ages represented in Aliquippa include homes built before 1939 ( 38.74%) and housing constructed between 1970-1999 ( 11.31%).

Vacant housing appears to be an issue in Aliquippa. Fully 23.84% of the housing stock is classified as vacant. Left unchecked, vacant Aliquippa homes and apartments can be a drag on the real estate market, holding Aliquippa real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Aliquippa Home Appreciation Rates

Appreciation rates for homes in Aliquippa have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 0.74%, which ranks in the top 50% nationwide. This equates to an annual average Aliquippa house appreciation rate of 0.07%.

Over the last year, Aliquippa appreciation rates have trailed the rest of the nation. In the last twelve months, Aliquippa's appreciation rate has been 0.10%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Aliquippa were at -0.41%, which equates to an annual appreciation rate of -1.65%.

Relative to Pennsylvania, our data show that Aliquippa's latest annual appreciation rate is lower than 80% 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 city. Individual neighborhoods within Aliquippa differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Aliquippa - 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 Aliquippa real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$54,712

Aliquippa, PA HOME PRICES

Value Range
> $1,052,000 0.0
$789,001 - $1,052,000 0.0
$526,001 - $789,000 0.5
$421,001 - $526,000 0.3
$316,001 - $421,000 0.0
$210,001 - $316,000 3.1
$105,001 - $210,000 15.5
$53,001 - $105,000 40.5
$0 - $53,000 40.0

Very Low for PA
Very Low for Nation

Value Relative to Nation Value Relative to State
98.8866752607524 97.487922705314

Number Of Homes And Apartments:
4,156

Aliquippa 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
23.33% 1.22% 2 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$702 / per month

Homeownership Rate

Homeownership
Owners 58.48
Renters 41.52
Vacant 23.84

Housing Market Details

 

Age of Homes

AGE OF Aliquippa HOMES
2000 or Newer 0.5
1970 - 1999 11.3
1940 - 1969 49.4
1939 or Older 38.7

Types of Homes

TYPE OF Aliquippa HOMES
Single-Family 65.0
Townhomes 12.3
Small Apt. Buildings 7.9
Apt. Complexes 13.8
Mobile Homes 1.2
Other 0.0

Home Size

SIZE OF Aliquippa HOMES
No Bedroom 0.53
1 Bedroom 8.96
2 Bedrooms 36.85
3 Bedrooms 41.56
4 Bedrooms 9.51
5 or more bedrooms 2.58