Avondale, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Avondale, 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

Avondale Housing Market Information

With a population of 1,399, 419 total housing units (homes and apartments), and a median house value of $316,784, Avondale house prices are not only among the most expensive in Pennsylvania, Avondale real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Avondale, accounting for 50.00% of the borough's housing units. Other types of housing that are prevalent in Avondale include row houses and other attached homes ( 24.88%), large apartment complexes or high rise apartments ( 15.67%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.06%).

The most prevalent building size and type in Avondale are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 59.19% owning and 40.81% renting.

The housing in Avondale was primarily built before 1939 ( 45.16%), making the housing stock in Avondale some of the oldest overall in America, although there is a range of ages of homes in Avondale. The next most important housing age is between 2000 and later ( 20.51%), followed by between 1940-1969 ( 18.43%). There's also some housing in Avondale built between 1970-1999 ( 15.90%).

Avondale Home Appreciation Rates

Avondale's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Avondale during the period has been just -0.92%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Avondale's appreciation rate, at 3.36%, has been at or slightly above the national average. In the latest quarter, Avondale's appreciation rate has been 0.08%, which annualizes to a rate of 0.32%.

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

Average Home Values

 

Median Home Value:
$316,784

Avondale, PA HOME PRICES

Value Range
> $1,074,000 0.7
$805,001 - $1,074,000 1.5
$537,001 - $805,000 2.6
$430,001 - $537,000 9.0
$322,001 - $430,000 36.1
$215,001 - $322,000 31.3
$107,001 - $215,000 9.6
$54,001 - $107,000 5.4
$0 - $54,000 3.9

Very High for PA
Very High for Nation

Value Relative to Nation Value Relative to State
14.8599554670104 6.28019323671498

Number Of Homes And Apartments:
419

Avondale 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
45.09% 2.18% 6 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,699 / per month

Homeownership Rate

Homeownership
Owners 59.19
Renters 40.81
Vacant 3.46

Housing Market Details

 

Age of Homes

AGE OF Avondale HOMES
2000 or Newer 20.5
1970 - 1999 15.9
1940 - 1969 18.4
1939 or Older 45.2

Types of Homes

TYPE OF Avondale HOMES
Single-Family 50.0
Townhomes 24.9
Small Apt. Buildings 8.1
Apt. Complexes 15.7
Mobile Homes 1.4
Other 0.0

Home Size

SIZE OF Avondale HOMES
No Bedroom 0.00
1 Bedroom 10.60
2 Bedrooms 18.89
3 Bedrooms 48.16
4 Bedrooms 19.12
5 or more bedrooms 3.23