Aliquippa, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Aliquippa, PA Real Estate Data


Aliquippa Housing Market Information

With a population of 9,197, 4,219 total housing units (homes and apartments), and a median house value of $74,586, 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 63.93% of the city's housing units. Other types of housing that are prevalent in Aliquippa include large apartment complexes or high rise apartments ( 13.32%), row houses and other attached homes ( 11.44%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 10.09%).

People in Aliquippa primarily live in small (one, two or no bedroom) single-family detached homes. Aliquippa has a mixture of owner-occupied and renter-occupied housing.

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 48.94% of the city's housing hails from this era. Other housing ages represented in Aliquippa include homes built before 1939 ( 37.44%) and housing constructed between 1970-1999 ( 13.05%).

Vacant housing appears to be an issue in Aliquippa. Fully 24.49% 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 3.10%, which ranks in the top 50% nationwide. This equates to an annual average Aliquippa house appreciation rate of 0.31%.

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 2.41%, 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 2.53%, which equates to an annual appreciation rate of 10.50%.

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:
$74,586

Aliquippa, PA HOME PRICES

Value Range
> $1,109,000 0.0
$832,001 - $1,109,000 0.0
$554,001 - $832,000 0.0
$444,001 - $554,000 0.3
$332,001 - $444,000 0.0
$222,001 - $332,000 2.3
$111,001 - $222,000 18.5
$56,001 - $111,000 42.7
$0 - $56,000 36.2

Very Low for PA
Very Low for Nation

Value Relative to Nation Value Relative to State
93.8396673888856 93.4299516908213

Number Of Homes And Apartments:
4,219

Rent & Ownership

 

Average Market Rent:
$655 / per month

Homeownership Rate

Homeownership
Owners 59.57
Renters 40.43
Vacant 24.49

Housing Market Details

 

Age of Homes

AGE OF Aliquippa HOMES
2000 or Newer 0.6
1970 - 1999 13.0
1940 - 1969 48.9
1939 or Older 37.4

Types of Homes

TYPE OF Aliquippa HOMES
Single-Family 63.9
Townhomes 11.4
Small Apt. Buildings 10.1
Apt. Complexes 13.3
Mobile Homes 1.2
Other 0.0

Home Size

SIZE OF Aliquippa HOMES
No Bedroom 0.95
1 Bedroom 9.04
2 Bedrooms 38.98
3 Bedrooms 39.77
4 Bedrooms 9.16
5 or more bedrooms 2.09

Aliquippa Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
24.75% 1.31% 1 2
* 10 is highest