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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Arnold, PA Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Arnold, PA Housing Market Trends

With 4,706 people, 2,107 houses or apartments, and a median cost of homes of $84,229, house prices in Arnold 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 Arnold, accounting for 66.48% of the city's housing units. Other types of housing that are prevalent in Arnold include duplexes, homes converted to apartments or other small apartment buildings ( 13.17%), large apartment complexes or high rise apartments ( 12.37%), and a few row houses and other attached homes ( 7.98%).

The most prevalent building size and type in Arnold are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 56.85% owning and 43.15% 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. Arnold's housing was primarily built during this period, from the '40s through the '60s. A full 45.71% of the city's housing hails from this era. Other housing ages represented in Arnold include homes built before 1939 ( 33.86%) and housing constructed between 1970-1999 ( 18.99%). There's also some housing in Arnold built between 2000 and later ( 1.44%).

Vacant housing appears to be an issue in Arnold. Fully 20.28% of the housing stock is classified as vacant. Left unchecked, vacant Arnold homes and apartments can be a drag on the real estate market, holding Arnold 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.

Arnold Home Appreciation Rates

Arnold's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Arnold during the period has been just 4.18%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Arnold's appreciation rate, at 5.71%, has been at or slightly above the national average. In the latest quarter, Arnold's appreciation rate has been 0.00%, which annualizes to a rate of 0.00%.

Relative to Pennsylvania, our data show that Arnold's latest annual appreciation rate is higher than 50% of the other cities and towns in Pennsylvania.

Average Home Values

Median Home Value

$84,229

Arnold, PA Home Prices
> $1,078,000
$809,001 - $1,078,000
$539,001 - $809,000
$431,001 - $539,000
$323,001 - $431,000
$216,001 - $323,000
$108,001 - $216,000
$54,001 - $108,000
$0 - $54,000
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
2.4%
2.4%
14.4%
14.4%
60.3%
60.3%
22.9%
22.9%
0% 100.0%
% of Homes
Very Low

for Pennsylvania

Very Low

for nation

Number of Homes And Apartments:

2,107

Arnold Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,506 / per month

Homeownership Rate

Owners
Renters
56.9%
56.9%
43.1%
43.1%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
20.3%
20.3%
79.7%
79.7%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
1.4%
1.4%
19.0%
19.0%
45.7%
45.7%
33.9%
33.9%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
66.5%
66.5%
8.0%
8.0%
13.2%
13.2%
12.4%
12.4%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.1%
0.1%
14.6%
14.6%
32.8%
32.8%
40.1%
40.1%
8.1%
8.1%
4.2%
4.2%
0% 100.0%
% of Homes