Annville, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Annville, 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

Annville Housing Market Information

With a population of 4,860, 1,410 total housing units (homes and apartments), and a median house value of $135,415, house prices in Annville are solidly below the national average.

Single-family detached homes are the single most common housing type in Annville, accounting for 45.97% of the town's housing units. Other types of housing that are prevalent in Annville include row houses and other attached homes ( 25.38%), duplexes, homes converted to apartments or other small apartment buildings ( 13.90%), and a few large apartment complexes or high rise apartments ( 10.56%).

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 42.21% owning and 57.79% 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 38.03% of the town's housing hails from this era. Other housing ages represented in Annville include homes built before 1939 ( 35.48%) and housing constructed between 1970-1999 ( 22.89%). There's also some housing in Annville built between 2000 and later ( 3.61%).

Annville Home Appreciation Rates

Real estate appreciation rates in Annville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.37% during the period.

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 2.87%, 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 -0.47%, which equates to an annual appreciation rate of -1.85%.

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

Average Home Values

 

Median Home Value:
$135,415

Annville, PA HOME PRICES

Value Range
> $1,017,000 0.0
$763,001 - $1,017,000 0.0
$508,001 - $763,000 0.0
$407,001 - $508,000 0.0
$305,001 - $407,000 2.9
$204,001 - $305,000 9.2
$102,001 - $204,000 63.6
$51,001 - $102,000 13.6
$0 - $51,000 10.7

Average for PA
Average for Nation

Value Relative to Nation Value Relative to State
56.9992968475331 53.1400966183575

Number Of Homes And Apartments:
1,410

Annville 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
41.68% 2.04% 5 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$896 / per month

Homeownership Rate

Homeownership
Owners 42.21
Renters 57.79
Vacant 7.54

Housing Market Details

 

Age of Homes

AGE OF Annville HOMES
2000 or Newer 3.6
1970 - 1999 22.9
1940 - 1969 38.0
1939 or Older 35.5

Types of Homes

TYPE OF Annville HOMES
Single-Family 46.0
Townhomes 25.4
Small Apt. Buildings 13.9
Apt. Complexes 10.6
Mobile Homes 4.2
Other 0.0

Home Size

SIZE OF Annville HOMES
No Bedroom 0.92
1 Bedroom 18.62
2 Bedrooms 23.15
3 Bedrooms 43.21
4 Bedrooms 12.92
5 or more bedrooms 1.18