Annville, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Annville Neighborhoods Since 2000




Annville, PA Real Estate Data


Annville Housing Market Information

With a population of 4,860, 1,338 total housing units (homes and apartments), and a median house value of $145,592, Annville real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Annville, accounting for 42.92% of the town's housing units. Other types of housing that are prevalent in Annville include row houses and other attached homes ( 28.00%), duplexes, homes converted to apartments or other small apartment buildings ( 14.58%), and a few large apartment complexes or high rise apartments ( 11.58%).

The most prevalent building size and type in Annville are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 42.27% owning and 57.73% 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. Annville's housing was primarily built during this period, from the '40s through the '60s. A full 38.76% of the town's housing hails from this era. Other housing ages represented in Annville include homes built before 1939 ( 35.97%) and housing constructed between 1970-1999 ( 22.55%). There's also some housing in Annville built between 2000 and later ( 2.72%).

Annville Home Appreciation Rates

Appreciation rates for homes in Annville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 8.34%, which ranks in the top 40% nationwide. This equates to an annual average Annville house appreciation rate of 0.80%.

Over the last year, Annville appreciation rates have trailed the rest of the nation. In the last twelve months, Annville's appreciation rate has been 1.98%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Annville were at 3.25%, which equates to an annual appreciation rate of 13.64%.

Importantly, this makes Annville one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to Pennsylvania, our data show that Annville's latest annual appreciation rate is lower than 90% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$145,592

Annville, PA HOME PRICES

Value Range
> $1,094,000 0.0
$820,001 - $1,094,000 0.0
$547,001 - $820,000 0.0
$438,001 - $547,000 1.3
$328,001 - $438,000 4.5
$219,001 - $328,000 7.2
$110,001 - $219,000 62.8
$55,001 - $110,000 13.8
$0 - $55,000 10.5

Average for PA
Average for Nation

Value Relative to Nation Value Relative to State
52.9191309949054 49.4685990338164

Number Of Homes And Apartments:
1,338

Rent & Ownership

 

Average Market Rent:
$1,182 / per month

Homeownership Rate

Homeownership
Owners 42.27
Renters 57.73
Vacant 8.86

Housing Market Details

 

Age of Homes

AGE OF Annville HOMES
2000 or Newer 2.7
1970 - 1999 22.5
1940 - 1969 38.8
1939 or Older 36.0

Types of Homes

TYPE OF Annville HOMES
Single-Family 42.9
Townhomes 28.0
Small Apt. Buildings 14.6
Apt. Complexes 11.6
Mobile Homes 2.9
Other 0.0

Home Size

SIZE OF Annville HOMES
No Bedroom 0.75
1 Bedroom 16.42
2 Bedrooms 26.57
3 Bedrooms 44.07
4 Bedrooms 9.88
5 or more bedrooms 2.32

Annville 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
51.99% 2.49% 6 6
* 10 is highest