Aston, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Aston, 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

Aston Housing Market Information

With a population of 21,162, 1,919 total housing units (homes and apartments), and a median house value of $232,441, Aston real estate is some of the most expensive in Pennsylvania, although Aston home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Aston, accounting for 65.81% of the town's housing units. Other types of housing that are prevalent in Aston include row houses and other attached homes ( 19.95%), large apartment complexes or high rise apartments ( 6.02%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.61%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Aston. Owner-occupied housing accounts for 81.65% of Aston's homes, and 66.68% have either three or four bedrooms, which is average sized relative to America.

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. Aston's housing was primarily built during this period, from the '40s through the '60s. A full 45.15% of the town's housing hails from this era. Other housing ages represented in Aston include homes built between 1970-1999 ( 41.18%) and housing constructed between 2000 and later ( 7.56%). There's also some housing in Aston built before 1939 ( 6.11%).

Aston Home Appreciation Rates

Aston's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Aston during the period has been just -1.23%, which is lower than 70% of US communities.

Over the last year, Aston appreciation rates have trailed the rest of the nation. In the last twelve months, Aston's appreciation rate has been 2.60%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Aston were at 0.08%, which equates to an annual appreciation rate of 0.32%.

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

Average Home Values

 

Median Home Value:
$232,441

Aston, PA HOME PRICES

Value Range
> $1,029,000 0.4
$772,001 - $1,029,000 0.0
$514,001 - $772,000 0.7
$411,001 - $514,000 4.4
$309,001 - $411,000 15.5
$206,001 - $309,000 47.3
$103,001 - $206,000 24.1
$52,001 - $103,000 3.4
$0 - $52,000 4.4

Very High for PA
High for Nation

Value Relative to Nation Value Relative to State
25.4131020742998 14.7826086956522

Number Of Homes And Apartments:
1,919

Aston 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
51.71% 2.45% 7 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,204 / per month

Homeownership Rate

Homeownership
Owners 81.65
Renters 18.35
Vacant 5.18

Housing Market Details

 

Age of Homes

AGE OF Aston HOMES
2000 or Newer 7.6
1970 - 1999 41.2
1940 - 1969 45.2
1939 or Older 6.1

Types of Homes

TYPE OF Aston HOMES
Single-Family 65.8
Townhomes 20.0
Small Apt. Buildings 4.6
Apt. Complexes 6.0
Mobile Homes 3.6
Other 0.0

Home Size

SIZE OF Aston HOMES
No Bedroom 0.51
1 Bedroom 5.37
2 Bedrooms 23.60
3 Bedrooms 40.37
4 Bedrooms 26.31
5 or more bedrooms 3.84