Bloomsburg, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Bloomsburg, 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

Bloomsburg Housing Market Information

With a population of 14,585, 4,820 total housing units (homes and apartments), and a median house value of $166,506, Bloomsburg 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 Bloomsburg, accounting for 39.81% 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 ( 24.33%), large apartment complexes or high rise apartments ( 21.20%), and a few row houses and other attached homes ( 13.80%).

Bloomsburg is dominated by renter-occupied one, two, or no bedrooms apartments. 72.63% of Bloomsburg's dwellings are rentals.

The housing in Bloomsburg was primarily built before 1939 ( 48.73%), 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 ( 23.09%), followed by between 1970-1999 ( 19.21%). There's also some housing in Bloomsburg built between 2000 and later ( 8.96%).

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 13.20%, which ranks in the top 30% nationwide. This equates to an annual average Bloomsburg house appreciation rate of 1.25%.

Appreciation rates are so strong in Bloomsburg that despite a nationwide downturn in the housing market, Bloomsburg real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Bloomsburg appreciation rates continue to be some of the highest in America, at 7.18%, which is higher than appreciation rates in 82.33% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Bloomsburg. Bloomsburg appreciation rates in the latest quarter were at 1.70%, which equates to an annual appreciation rate of 6.98%.

Importantly, this makes Bloomsburg one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to Pennsylvania, our data show that Bloomsburg's latest annual appreciation rate is higher than 90% 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:
$166,506

Bloomsburg, PA HOME PRICES

Value Range
> $1,088,000 0.0
$816,001 - $1,088,000 0.0
$544,001 - $816,000 2.9
$435,001 - $544,000 1.0
$326,001 - $435,000 0.8
$218,001 - $326,000 13.8
$109,001 - $218,000 58.3
$55,001 - $109,000 17.9
$0 - $55,000 5.3

High for PA
Average for Nation

Value Relative to Nation Value Relative to State
43.0153521621938 35.1690821256039

Number Of Homes And Apartments:
4,820

Bloomsburg 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
51.04% 2.42% 7 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,053 / per month

Homeownership Rate

Homeownership
Owners 27.37
Renters 72.63
Vacant 9.65

Housing Market Details

 

Age of Homes

AGE OF Bloomsburg HOMES
2000 or Newer 9.0
1970 - 1999 19.2
1940 - 1969 23.1
1939 or Older 48.7

Types of Homes

TYPE OF Bloomsburg HOMES
Single-Family 39.8
Townhomes 13.8
Small Apt. Buildings 24.3
Apt. Complexes 21.2
Mobile Homes 0.5
Other 0.4

Home Size

SIZE OF Bloomsburg HOMES
No Bedroom 2.87
1 Bedroom 19.70
2 Bedrooms 29.54
3 Bedrooms 33.33
4 Bedrooms 11.53
5 or more bedrooms 3.04