Bloomsburg, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Bloomsburg, PA Real Estate Data


Bloomsburg Housing Market Information

With 14,585 people, 4,881 houses or apartments, and a median cost of homes of $138,883, house prices in Bloomsburg are solidly below the national average.

Single-family detached homes are the single most common housing type in Bloomsburg, accounting for 38.67% of the town's housing units. Other types of housing that are prevalent in Bloomsburg include duplexes, homes converted to apartments or other small apartment buildings ( 24.25%), large apartment complexes or high rise apartments ( 20.55%), and a few row houses and other attached homes ( 15.32%).

Bloomsburg is dominated by renter-occupied one, two, or no bedrooms apartments. 71.61% of Bloomsburg's dwellings are rentals.

The housing in Bloomsburg was primarily built before 1939 ( 46.38%), making the housing stock in Bloomsburg some of the oldest overall in America, although there is a range of ages of homes in Bloomsburg. The next most important housing age is between 1940-1969 ( 23.64%), followed by between 1970-1999 ( 22.35%). There's also some housing in Bloomsburg built between 2000 and later ( 7.63%).

Bloomsburg Home Appreciation Rates

Appreciation rates for homes in Bloomsburg have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 9.00%, which ranks in the top 40% nationwide. This equates to an annual average Bloomsburg house appreciation rate of 0.87%.

NeighborhoodScout's data show that during the latest twelve months, Bloomsburg's appreciation rate, at 4.99%, has been at or slightly above the national average. In the latest quarter, Bloomsburg's appreciation rate has been -0.83%, which annualizes to a rate of -3.29%.

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

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

Average Home Values

 

Median Home Value:
$138,883

Bloomsburg, PA HOME PRICES

Value Range
> $1,039,000 0.0
$779,001 - $1,039,000 0.0
$519,001 - $779,000 1.0
$415,001 - $519,000 0.8
$311,001 - $415,000 1.1
$208,001 - $311,000 16.7
$104,001 - $208,000 51.3
$52,001 - $104,000 23.6
$0 - $52,000 5.3

Average for PA
Average for Nation

Value Relative to Nation Value Relative to State
56.3096562628096 52.9468599033816

Number Of Homes And Apartments:
4,881

Rent & Ownership

 

Average Market Rent:
$1,061 / per month

Homeownership Rate

Homeownership
Owners 28.39
Renters 71.61
Vacant 9.56

Housing Market Details

 

Age of Homes

AGE OF Bloomsburg HOMES
2000 or Newer 7.6
1970 - 1999 22.3
1940 - 1969 23.6
1939 or Older 46.4

Types of Homes

TYPE OF Bloomsburg HOMES
Single-Family 38.7
Townhomes 15.3
Small Apt. Buildings 24.3
Apt. Complexes 20.5
Mobile Homes 1.0
Other 0.2

Home Size

SIZE OF Bloomsburg HOMES
No Bedroom 2.69
1 Bedroom 14.86
2 Bedrooms 32.09
3 Bedrooms 36.06
4 Bedrooms 10.80
5 or more bedrooms 3.50

Bloomsburg Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
40.20% 2.01% 4 5
* 10 is highest