Arnold, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Arnold, PA Real Estate Data


Arnold Housing Market Information

With a population of 4,988, 2,498 total housing units (homes and apartments), and a median house value of $62,493, 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 56.89% 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 ( 21.20%), large apartment complexes or high rise apartments ( 16.34%), and a few row houses and other attached homes ( 5.15%).

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

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 46.52% of the city's housing hails from this era. Other housing ages represented in Arnold include homes built before 1939 ( 37.12%) and housing constructed between 1970-1999 ( 15.95%).

Vacant housing appears to be an issue in Arnold. Fully 19.03% 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

Appreciation rates for homes in Arnold have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 9.36%, which ranks in the top 40% nationwide. This equates to an annual average Arnold house appreciation rate of 0.90%.

Over the last year, Arnold appreciation rates have trailed the rest of the nation. In the last twelve months, Arnold's appreciation rate has been 2.24%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Arnold were at 2.53%, which equates to an annual appreciation rate of 10.50%.

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

Average Home Values

 

Median Home Value:
$62,493

Arnold, PA HOME PRICES

Value Range
> $1,114,000 0.0
$836,001 - $1,114,000 0.0
$557,001 - $836,000 1.7
$446,001 - $557,000 0.0
$335,001 - $446,000 3.4
$223,001 - $335,000 1.3
$111,001 - $223,000 7.3
$56,001 - $111,000 46.5
$0 - $56,000 39.8

Very Low for PA
Very Low for Nation

Value Relative to Nation Value Relative to State
97.8216314340926 97.0048309178744

Number Of Homes And Apartments:
2,498

Rent & Ownership

 

Average Market Rent:
$681 / per month

Homeownership Rate

Homeownership
Owners 39.28
Renters 60.72
Vacant 19.03

Housing Market Details

 

Age of Homes

AGE OF Arnold HOMES
2000 or Newer 0.4
1970 - 1999 15.9
1940 - 1969 46.5
1939 or Older 37.1

Types of Homes

TYPE OF Arnold HOMES
Single-Family 56.9
Townhomes 5.2
Small Apt. Buildings 21.2
Apt. Complexes 16.3
Mobile Homes 0.4
Other 0.0

Home Size

SIZE OF Arnold HOMES
No Bedroom 1.59
1 Bedroom 23.89
2 Bedrooms 32.97
3 Bedrooms 31.99
4 Bedrooms 7.42
5 or more bedrooms 2.14

Arnold 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
29.23% 1.52% 2 3
* 10 is highest