Avalon, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Avalon Neighborhoods Since 2000




Avalon, 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

Avalon Housing Market Information

With a population of 4,642, 2,458 total housing units (homes and apartments), and a median house value of $91,868, house prices in Avalon 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 Avalon, accounting for 39.71% of the borough's housing units. Other types of housing that are prevalent in Avalon include large apartment complexes or high rise apartments ( 32.36%), duplexes, homes converted to apartments or other small apartment buildings ( 21.13%), and a few row houses and other attached homes ( 6.46%).

People in Avalon primarily live in small (one, two or no bedroom) single-family detached homes. Avalon 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. Avalon's housing was primarily built during this period, from the '40s through the '60s. A full 40.59% of the borough's housing hails from this era. Other housing ages represented in Avalon include homes built before 1939 ( 38.58%) and housing constructed between 1970-1999 ( 20.59%).

Vacant housing appears to be an issue in Avalon. Fully 16.37% of the housing stock is classified as vacant. Left unchecked, vacant Avalon homes and apartments can be a drag on the real estate market, holding Avalon 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.

Avalon Home Appreciation Rates

Appreciation rates for homes in Avalon have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 12.94%, which ranks in the top 30% nationwide. This equates to an annual average Avalon house appreciation rate of 1.22%.

Over the last year, Avalon appreciation rates have trailed the rest of the nation. In the last twelve months, Avalon's appreciation rate has been 0.60%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Avalon were at -0.41%, which equates to an annual appreciation rate of -1.65%.

Relative to Pennsylvania, our data show that Avalon's latest annual appreciation rate is lower than 70% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$91,868

Avalon, PA HOME PRICES

Value Range
> $1,058,000 0.3
$794,001 - $1,058,000 0.7
$529,001 - $794,000 0.0
$423,001 - $529,000 0.0
$318,001 - $423,000 0.0
$211,001 - $318,000 3.2
$106,001 - $211,000 39.7
$53,001 - $106,000 43.5
$0 - $53,000 12.7

Very Low for PA
Very Low for Nation

Value Relative to Nation Value Relative to State
82.8020625805696 81.3526570048309

Number Of Homes And Apartments:
2,458

Avalon 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
32.51% 1.65% 3 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$779 / per month

Homeownership Rate

Homeownership
Owners 48.54
Renters 51.46
Vacant 16.37

Housing Market Details

 

Age of Homes

AGE OF Avalon HOMES
2000 or Newer 0.2
1970 - 1999 20.6
1940 - 1969 40.6
1939 or Older 38.6

Types of Homes

TYPE OF Avalon HOMES
Single-Family 39.7
Townhomes 6.5
Small Apt. Buildings 21.1
Apt. Complexes 32.4
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Avalon HOMES
No Bedroom 3.27
1 Bedroom 28.62
2 Bedrooms 34.16
3 Bedrooms 22.42
4 Bedrooms 7.28
5 or more bedrooms 4.25