Allison Park PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Allison Park, 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 Q2 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

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

Allison Park Housing Market Information

With a population of 21,711, 8,860 total housing units (homes and apartments), and a median house value of $279,875, Allison Park real estate is some of the most expensive in Pennsylvania, although Allison Park home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Allison Park, accounting for 71.99% of the town's housing units. Other types of housing that are prevalent in Allison Park include large apartment complexes or high rise apartments ( 18.96%), row houses and other attached homes ( 6.30%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.18%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Allison Park. Owner-occupied housing accounts for 76.38% of Allison Park's homes, and 66.76% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Allison Park 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 Allison Park built between 1940-1969 ( 39.79%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.09%). There's also some housing in Allison Park built before 1939 ( 5.88%).

Allison Park Home Appreciation Rates

In the last 10 years, Allison Park has experienced some of the highest home appreciation rates of any community in the nation. Allison Park real estate appreciated 37.24% over the last ten years, which is an average annual home appreciation rate of 3.22%, putting Allison Park in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Allison Park 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, Allison Park's appreciation rate, at 3.03%, has been at or slightly above the national average. In the latest quarter, Allison Park's appreciation rate has been 1.36%, which annualizes to a rate of 5.55%.

Relative to Pennsylvania, our data show that Allison Park's latest annual appreciation rate is higher than 60% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$279,875

Allison Park, PA HOME PRICES

Value Range
> $1,181,000 0.3
$886,001 - $1,181,000 1.2
$590,001 - $886,000 4.1
$472,001 - $590,000 7.1
$355,001 - $472,000 11.4
$236,001 - $355,000 30.3
$118,001 - $236,000 40.6
$59,001 - $118,000 3.3
$0 - $59,000 1.7

Very High for PA
High for Nation

Value Relative to Nation Value Relative to State
22.1722627737226 11.1003861003861

Number Of Homes And Apartments:
8,860

Allison Park Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2019 Q1 - 2019 Q2
Last 12 Months:
2018 Q2 - 2019 Q2
Last 2 Years:
2017 Q2 - 2019 Q2
Last 5 Years:
2014 Q2 - 2019 Q2
Last 10 Years:
2009 Q2 - 2019 Q2
Since 2000:
2000 Q1 - 2019 Q2
74.97% 2.91%
9
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,438 / per month

Homeownership Rate

Homeownership
Owners 76.38
Renters 23.62
Vacant 5.25

Housing Market Details

 

Age of Homes

AGE OF Allison Park HOMES
2000 or Newer 9.1
1970 - 1999 45.2
1940 - 1969 39.8
1939 or Older 5.9

Types of Homes

TYPE OF Allison Park HOMES
Single-Family 72.0
Townhomes 6.3
Small Apt. Buildings 2.2
Apt. Complexes 19.0
Mobile Homes 0.6
Other 0.0

Home Size

SIZE OF Allison Park HOMES
No Bedroom 3.44
1 Bedroom 8.70
2 Bedrooms 17.50
3 Bedrooms 36.17
4 Bedrooms 30.60
5 or more bedrooms 3.59