Bethlehem, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Bethlehem, 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

Bethlehem Housing Market Information

With a population of 74,892, 29,144 total housing units (homes and apartments), and a median house value of $166,307, Bethlehem 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 Bethlehem, accounting for 37.86% of the city's housing units. Other types of housing that are prevalent in Bethlehem include row houses and other attached homes ( 28.57%), large apartment complexes or high rise apartments ( 20.66%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 12.70%).

The most prevalent building size and type in Bethlehem are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 46.77% owning and 53.23% renting.

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. Bethlehem's housing was primarily built during this period, from the '40s through the '60s. A full 39.88% of the city's housing hails from this era. Other housing ages represented in Bethlehem include homes built before 1939 ( 31.16%) and housing constructed between 1970-1999 ( 22.74%). There's also some housing in Bethlehem built between 2000 and later ( 6.22%).

Bethlehem Home Appreciation Rates

Bethlehem's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Bethlehem during the period has been just -1.68%, which is lower than 80% of US communities.

Over the last year, Bethlehem appreciation rates have trailed the rest of the nation. In the last twelve months, Bethlehem's appreciation rate has been 2.80%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Bethlehem were at 0.88%, which equates to an annual appreciation rate of 3.57%.

Relative to Pennsylvania, our data show that Bethlehem's latest annual appreciation rate is higher than 60% 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 Bethlehem differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Bethlehem - 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 Bethlehem real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$166,307

Bethlehem, PA HOME PRICES

Value Range
> $1,036,000 0.0
$777,001 - $1,036,000 0.2
$518,001 - $777,000 1.2
$414,001 - $518,000 1.6
$311,001 - $414,000 4.7
$207,001 - $311,000 19.7
$104,001 - $207,000 54.4
$52,001 - $104,000 14.5
$0 - $52,000 3.8

High for PA
Average for Nation

Value Relative to Nation Value Relative to State
43.114965428337 35.4589371980676

Number Of Homes And Apartments:
29,144

Bethlehem 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
47.51% 2.28% 6 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,232 / per month

Homeownership Rate

Homeownership
Owners 46.77
Renters 53.23
Vacant 6.83

Housing Market Details

 

Age of Homes

AGE OF Bethlehem HOMES
2000 or Newer 6.2
1970 - 1999 22.7
1940 - 1969 39.9
1939 or Older 31.2

Types of Homes

TYPE OF Bethlehem HOMES
Single-Family 37.9
Townhomes 28.6
Small Apt. Buildings 12.7
Apt. Complexes 20.7
Mobile Homes 0.1
Other 0.2

Home Size

SIZE OF Bethlehem HOMES
No Bedroom 2.10
1 Bedroom 16.34
2 Bedrooms 24.52
3 Bedrooms 38.44
4 Bedrooms 15.33
5 or more bedrooms 3.28