Beaver, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Beaver, 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

Beaver Housing Market Information

With 4,420 people, 2,136 houses or apartments, and a median cost of homes of $164,474, Beaver real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Beaver, accounting for 61.90% of the borough's housing units. Other types of housing that are prevalent in Beaver include large apartment complexes or high rise apartments ( 18.99%), duplexes, homes converted to apartments or other small apartment buildings ( 17.11%), and a few row houses and other attached homes ( 2.00%).

People in Beaver primarily live in small (one, two or no bedroom) single-family detached homes. Beaver has a mixture of owner-occupied and renter-occupied housing.

The housing in Beaver was primarily built before 1939 ( 50.45%), making the housing stock in Beaver some of the oldest overall in America, although there is a range of ages of homes in Beaver. The next most important housing age is between 1940-1969 ( 33.33%), followed by between 1970-1999 ( 11.66%). There's also some housing in Beaver built between 2000 and later ( 4.56%).

Beaver Home Appreciation Rates

Appreciation rates for homes in Beaver have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 9.83%, which ranks in the top 30% nationwide. This equates to an annual average Beaver house appreciation rate of 0.94%.

Over the last year, Beaver appreciation rates have trailed the rest of the nation. In the last twelve months, Beaver's appreciation rate has been -1.09%, 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 were at -0.41%, which equates to an annual appreciation rate of -1.65%.

Relative to Pennsylvania, our data show that Beaver's latest annual appreciation rate is lower than 80% 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 borough. Individual neighborhoods within Beaver differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Beaver - 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 real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$164,474

Beaver, PA HOME PRICES

Value Range
> $1,063,000 0.3
$797,001 - $1,063,000 0.0
$531,001 - $797,000 2.7
$425,001 - $531,000 1.6
$319,001 - $425,000 7.4
$213,001 - $319,000 20.0
$106,001 - $213,000 45.7
$53,001 - $106,000 16.6
$0 - $53,000 5.6

High for PA
Average for Nation

Value Relative to Nation Value Relative to State
43.8591351224657 36.3285024154589

Number Of Homes And Apartments:
2,136

Beaver 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
41.70% 2.04% 5 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$957 / per month

Homeownership Rate

Homeownership
Owners 62.07
Renters 37.93
Vacant 9.07

Housing Market Details

 

Age of Homes

AGE OF Beaver HOMES
2000 or Newer 4.6
1970 - 1999 11.7
1940 - 1969 33.3
1939 or Older 50.4

Types of Homes

TYPE OF Beaver HOMES
Single-Family 61.9
Townhomes 2.0
Small Apt. Buildings 17.1
Apt. Complexes 19.0
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Beaver HOMES
No Bedroom 3.24
1 Bedroom 17.11
2 Bedrooms 29.54
3 Bedrooms 34.95
4 Bedrooms 11.07
5 or more bedrooms 4.09