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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 8,661 people, 3,175 houses or apartments, and a median cost of homes of $53,264, house prices in Beaver Falls 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 Beaver Falls, accounting for 61.77% of the city's housing units. Other types of housing that are prevalent in Beaver Falls include duplexes, homes converted to apartments or other small apartment buildings ( 16.93%), large apartment complexes or high rise apartments ( 13.91%), and a few row houses and other attached homes ( 7.20%).
People in Beaver Falls primarily live in small (one, two or no bedroom) single-family detached homes. Beaver Falls has a mixture of owner-occupied and renter-occupied housing.
The housing in Beaver Falls was primarily built before 1939 ( 52.45%), making the housing stock in Beaver Falls some of the oldest overall in America, although there is a range of ages of homes in Beaver Falls. The next most important housing age is between 1940-1969 ( 34.62%), followed by between 1970-1999 ( 11.76%). There's also some housing in Beaver Falls built between 2000 and later ( 1.17%).
Vacant housing appears to be an issue in Beaver Falls. Fully 24.10% of the housing stock is classified as vacant. Left unchecked, vacant Beaver Falls homes and apartments can be a drag on the real estate market, holding Beaver Falls 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.
Appreciation rates for homes in Beaver Falls have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 2.47%, which ranks in the top 50% nationwide. This equates to an annual average Beaver Falls house appreciation rate of 0.24%.
Over the last year, Beaver Falls appreciation rates have trailed the rest of the nation. In the last twelve months, Beaver Falls's appreciation rate has been 1.19%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Beaver Falls were at -0.41%, which equates to an annual appreciation rate of -1.65%.
Relative to Pennsylvania, our data show that Beaver Falls's latest annual appreciation rate is lower than 70% of the other cities and towns in Pennsylvania.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Beaver Falls differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Beaver Falls - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Beaver Falls real estate investment or home purchase decisions.
|$805,001 - $1,074,000||0.6|
|$537,001 - $805,000||0.0|
|$430,001 - $537,000||0.0|
|$322,001 - $430,000||0.0|
|$214,001 - $322,000||1.3|
|$107,001 - $214,000||7.7|
|$54,001 - $107,000||51.7|
|$0 - $54,000||38.7|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Beaver Falls HOMES|
|2000 or Newer||1.2|
|1970 - 1999||11.8|
|1940 - 1969||34.6|
|1939 or Older||52.5|
|TYPE OF Beaver Falls HOMES|
|Small Apt. Buildings||16.9|
|SIZE OF Beaver Falls HOMES|
|5 or more bedrooms||2.32|