Bethel Park, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Bethel Park Neighborhoods Since 2000




Bethel Park, 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

Bethel Park Housing Market Information

With a population of 32,118, 13,367 total housing units (homes and apartments), and a median house value of $192,433, Bethel Park real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Bethel Park, accounting for 74.43% of the city's housing units. Other types of housing that are prevalent in Bethel Park include large apartment complexes or high rise apartments ( 18.50%), row houses and other attached homes ( 5.06%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.90%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Bethel Park. Owner-occupied housing accounts for 77.54% of Bethel Park's homes, and 65.11% have either three or four bedrooms, which is average sized relative to America.

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. Bethel Park's housing was primarily built during this period, from the '40s through the '60s. A full 52.13% of the city's housing hails from this era. Other housing ages represented in Bethel Park include homes built between 1970-1999 ( 36.43%) and housing constructed before 1939 ( 6.43%). There's also some housing in Bethel Park built between 2000 and later ( 5.01%).

Bethel Park Home Appreciation Rates

In the last 10 years, Bethel Park has experienced some of the highest home appreciation rates of any community in the nation. Bethel Park real estate appreciated 19.92% over the last ten years, which is an average annual home appreciation rate of 1.83%, putting Bethel Park in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Bethel Park definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Bethel Park's appreciation rate, at 3.48%, has been at or slightly above the national average. In the latest quarter, Bethel Park's appreciation rate has been -0.41%, which annualizes to a rate of -1.65%.

Relative to Pennsylvania, our data show that Bethel Park's latest annual appreciation rate is higher 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 Bethel Park differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Bethel Park - 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 Bethel Park real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$192,433

Bethel Park, PA HOME PRICES

Value Range
> $1,128,000 0.0
$846,001 - $1,128,000 0.0
$564,001 - $846,000 0.6
$451,001 - $564,000 0.9
$338,001 - $451,000 3.9
$225,001 - $338,000 22.4
$113,001 - $225,000 60.6
$56,001 - $113,000 9.1
$0 - $56,000 2.6

High for PA
High for Nation

Value Relative to Nation Value Relative to State
34.1673502871206 22.0289855072464

Number Of Homes And Apartments:
13,367

Bethel Park 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
45.23% 2.19% 6 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,111 / per month

Homeownership Rate

Homeownership
Owners 77.54
Renters 22.46
Vacant 4.03

Housing Market Details

 

Age of Homes

AGE OF Bethel Park HOMES
2000 or Newer 5.0
1970 - 1999 36.4
1940 - 1969 52.1
1939 or Older 6.4

Types of Homes

TYPE OF Bethel Park HOMES
Single-Family 74.4
Townhomes 5.1
Small Apt. Buildings 1.9
Apt. Complexes 18.5
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF Bethel Park HOMES
No Bedroom 0.60
1 Bedroom 11.32
2 Bedrooms 20.40
3 Bedrooms 41.00
4 Bedrooms 24.11
5 or more bedrooms 2.57