Beaver Falls, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Beaver Falls Neighborhoods Since 2000




Beaver Falls, PA Real Estate Data


Beaver Falls Housing Market Information

With a population of 8,661, 3,175 total housing units (homes and apartments), and a median house value of $53,256, 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.

Beaver Falls Home Appreciation Rates

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 4.15%, which ranks in the top 50% nationwide. This equates to an annual average Beaver Falls house appreciation rate of 0.41%.

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 2.57%, 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 -1.92%, which equates to an annual appreciation rate of -7.46%.

Notably, Beaver Falls's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Pennsylvania, our data show that Beaver Falls's latest annual appreciation rate is lower than 50% 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.

Average Home Values

 

Median Home Value:
$53,256

Beaver Falls, PA HOME PRICES

Value Range
> $1,078,000 0.0
$808,001 - $1,078,000 0.6
$539,001 - $808,000 0.0
$432,001 - $539,000 0.0
$323,001 - $432,000 0.0
$215,001 - $323,000 1.3
$108,001 - $215,000 7.7
$54,001 - $108,000 51.7
$0 - $54,000 38.7

Very Low for PA
Very Low for Nation

Value Relative to Nation Value Relative to State
99.0097269424587 97.7777777777778

Number Of Homes And Apartments:
3,175

Rent & Ownership

 

Average Market Rent:
$689 / per month

Homeownership Rate

Homeownership
Owners 43.01
Renters 56.99
Vacant 24.10

Housing Market Details

 

Age of Homes

AGE OF Beaver Falls HOMES
2000 or Newer 1.2
1970 - 1999 11.8
1940 - 1969 34.6
1939 or Older 52.5

Types of Homes

TYPE OF Beaver Falls HOMES
Single-Family 61.8
Townhomes 7.2
Small Apt. Buildings 16.9
Apt. Complexes 13.9
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Beaver Falls HOMES
No Bedroom 1.20
1 Bedroom 14.61
2 Bedrooms 35.76
3 Bedrooms 37.80
4 Bedrooms 8.32
5 or more bedrooms 2.32

Beaver Falls Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
28.40% 1.46% 2 3
* 10 is highest