Arnold, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Lowest

Highest Appreciating Arnold Neighborhoods Since 2000




Arnold, 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

Arnold Housing Market Information

With 4,988 people, 2,436 houses or apartments, and a median cost of homes of $56,679, 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 58.45% 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 ( 21.25%), large apartment complexes or high rise apartments ( 14.22%), and a few row houses and other attached homes ( 6.07%).

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 47.62% of the city's housing hails from this era. Other housing ages represented in Arnold include homes built before 1939 ( 39.93%) and housing constructed between 1970-1999 ( 12.44%).

Vacant housing appears to be an issue in Arnold. Fully 19.60% 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

Real estate appreciation rates in Arnold's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.63% during the period.

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 -0.19%, 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 -0.41%, which equates to an annual appreciation rate of -1.65%.

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:
$56,679

Arnold, PA HOME PRICES

Value Range
> $1,048,000 0.0
$786,001 - $1,048,000 0.0
$524,001 - $786,000 0.0
$419,001 - $524,000 0.0
$314,001 - $419,000 3.1
$209,001 - $314,000 1.8
$105,001 - $209,000 5.7
$52,001 - $105,000 43.4
$0 - $52,000 46.0

Very Low for PA
Very Low for Nation

Value Relative to Nation Value Relative to State
98.5878354623227 97.1980676328502

Number Of Homes And Apartments:
2,436

Arnold 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
14.10% 0.77% 1 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$796 / per month

Homeownership Rate

Homeownership
Owners 41.72
Renters 58.28
Vacant 19.60

Housing Market Details

 

Age of Homes

AGE OF Arnold HOMES
2000 or Newer 0.0
1970 - 1999 12.4
1940 - 1969 47.6
1939 or Older 39.9

Types of Homes

TYPE OF Arnold HOMES
Single-Family 58.4
Townhomes 6.1
Small Apt. Buildings 21.3
Apt. Complexes 14.2
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Arnold HOMES
No Bedroom 2.81
1 Bedroom 20.63
2 Bedrooms 35.02
3 Bedrooms 32.41
4 Bedrooms 7.19
5 or more bedrooms 1.95