Apollo, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Apollo Neighborhoods Since 2000




Apollo, 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

Apollo Housing Market Information

With a population of 1,588, 677 total housing units (homes and apartments), and a median house value of $84,727, house prices in Apollo 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 Apollo, accounting for 63.71% of the borough's housing units. Other types of housing that are prevalent in Apollo include large apartment complexes or high rise apartments ( 14.67%), duplexes, homes converted to apartments or other small apartment buildings ( 13.64%), and a few row houses and other attached homes ( 5.41%).

The most prevalent building size and type in Apollo are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 53.59% owning and 46.41% renting.

The housing in Apollo was primarily built before 1939 ( 57.79%), making the housing stock in Apollo some of the oldest overall in America, although there is a range of ages of homes in Apollo. The next most important housing age is between 1940-1969 ( 27.28%), followed by between 1970-1999 ( 14.54%).

Vacant housing appears to be an issue in Apollo. Fully 12.87% of the housing stock is classified as vacant. Left unchecked, vacant Apollo homes and apartments can be a drag on the real estate market, holding Apollo 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.

Apollo Home Appreciation Rates

Appreciation rates for homes in Apollo have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 10.12%, which ranks in the top 30% nationwide. This equates to an annual average Apollo house appreciation rate of 0.97%.

Over the last year, Apollo appreciation rates have trailed the rest of the nation. In the last twelve months, Apollo's appreciation rate has been -0.50%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Apollo were at -0.41%, which equates to an annual appreciation rate of -1.65%.

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

Average Home Values

 

Median Home Value:
$84,727

Apollo, PA HOME PRICES

Value Range
> $1,072,000 0.0
$804,001 - $1,072,000 0.0
$536,001 - $804,000 0.0
$429,001 - $536,000 0.0
$322,001 - $429,000 0.0
$214,001 - $322,000 1.8
$107,001 - $214,000 26.8
$54,001 - $107,000 52.1
$0 - $54,000 19.3

Very Low for PA
Very Low for Nation

Value Relative to Nation Value Relative to State
87.5659205437712 86.3768115942029

Number Of Homes And Apartments:
677

Apollo 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
32.79% 1.66% 3 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$718 / per month

Homeownership Rate

Homeownership
Owners 53.59
Renters 46.41
Vacant 12.87

Housing Market Details

 

Age of Homes

AGE OF Apollo HOMES
2000 or Newer 0.4
1970 - 1999 14.5
1940 - 1969 27.3
1939 or Older 57.8

Types of Homes

TYPE OF Apollo HOMES
Single-Family 63.7
Townhomes 5.4
Small Apt. Buildings 13.6
Apt. Complexes 14.7
Mobile Homes 2.6
Other 0.0

Home Size

SIZE OF Apollo HOMES
No Bedroom 3.35
1 Bedroom 14.41
2 Bedrooms 26.00
3 Bedrooms 45.43
4 Bedrooms 8.49
5 or more bedrooms 2.32