Ambridge, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Ambridge Neighborhoods Since 2000




Ambridge, 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

Ambridge Housing Market Information

With a population of 6,859, 3,183 total housing units (homes and apartments), and a median house value of $67,453, house prices in Ambridge 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 Ambridge, accounting for 53.83% of the borough's housing units. Other types of housing that are prevalent in Ambridge include duplexes, homes converted to apartments or other small apartment buildings ( 27.29%), large apartment complexes or high rise apartments ( 13.80%), and a few row houses and other attached homes ( 4.74%).

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

The housing in Ambridge was primarily built before 1939 ( 63.67%), making the housing stock in Ambridge some of the oldest overall in America, although there is a range of ages of homes in Ambridge. The next most important housing age is between 1940-1969 ( 30.61%), followed by between 1970-1999 ( 4.48%). There's also some housing in Ambridge built between 2000 and later ( 1.24%).

Vacant housing appears to be an issue in Ambridge. Fully 17.58% of the housing stock is classified as vacant. Left unchecked, vacant Ambridge homes and apartments can be a drag on the real estate market, holding Ambridge 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.

Ambridge Home Appreciation Rates

Appreciation rates for homes in Ambridge have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 3.07%, which ranks in the top 50% nationwide. This equates to an annual average Ambridge house appreciation rate of 0.30%.

NeighborhoodScout's data show that during the latest twelve months, Ambridge's appreciation rate, at 5.19%, has been at or slightly above the national average. In the latest quarter, Ambridge's appreciation rate has been -0.41%, which annualizes to a rate of -1.65%.

Relative to Pennsylvania, our data show that Ambridge's latest annual appreciation rate is higher than 80% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$67,453

Ambridge, PA HOME PRICES

Value Range
> $1,073,000 0.0
$804,001 - $1,073,000 0.0
$536,001 - $804,000 0.1
$429,001 - $536,000 0.0
$322,001 - $429,000 0.4
$215,001 - $322,000 2.7
$107,001 - $215,000 8.9
$53,001 - $107,000 58.1
$0 - $53,000 29.8

Very Low for PA
Very Low for Nation

Value Relative to Nation Value Relative to State
96.1853978671042 94.8792270531401

Number Of Homes And Apartments:
3,183

Ambridge 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
27.17% 1.40% 2 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$789 / per month

Homeownership Rate

Homeownership
Owners 45.56
Renters 54.44
Vacant 17.58

Housing Market Details

 

Age of Homes

AGE OF Ambridge HOMES
2000 or Newer 1.2
1970 - 1999 4.5
1940 - 1969 30.6
1939 or Older 63.7

Types of Homes

TYPE OF Ambridge HOMES
Single-Family 53.8
Townhomes 4.7
Small Apt. Buildings 27.3
Apt. Complexes 13.8
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Ambridge HOMES
No Bedroom 4.56
1 Bedroom 17.61
2 Bedrooms 34.75
3 Bedrooms 27.76
4 Bedrooms 12.45
5 or more bedrooms 2.87