Bradford, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Bradford, PA Real Estate Data


Bradford Housing Market Information

With a population of 8,507, 3,747 total housing units (homes and apartments), and a median house value of $56,077, house prices in Bradford are some of the most affordable in Pennsylvania as well as the nation.

Single-family detached homes are the single most common housing type in Bradford, accounting for 68.61% of the city's housing units. Other types of housing that are prevalent in Bradford include duplexes, homes converted to apartments or other small apartment buildings ( 15.92%), large apartment complexes or high rise apartments ( 13.26%), and a few row houses and other attached homes ( 2.01%).

The most prevalent building size and type in Bradford are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 49.45% owning and 50.55% renting.

The housing in Bradford was primarily built before 1939 ( 61.92%), making the housing stock in Bradford some of the oldest overall in America, although there is a range of ages of homes in Bradford. The next most important housing age is between 1940-1969 ( 26.25%), followed by between 1970-1999 ( 11.37%).

Bradford Home Appreciation Rates

Appreciation rates for homes in Bradford have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 9.35%, which ranks in the top 40% nationwide. This equates to an annual average Bradford house appreciation rate of 0.90%.

Over the last year, Bradford appreciation rates have trailed the rest of the nation. In the last twelve months, Bradford's appreciation rate has been 4.12%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Bradford were at 2.15%, which equates to an annual appreciation rate of 8.89%.

Relative to Pennsylvania, our data show that Bradford's latest annual appreciation rate is higher than 50% 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 Bradford differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Bradford - 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 Bradford real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$56,077

Bradford, PA HOME PRICES

Value Range
> $1,068,000 0.0
$801,001 - $1,068,000 0.0
$534,001 - $801,000 0.0
$428,001 - $534,000 0.9
$321,001 - $428,000 2.0
$214,001 - $321,000 1.5
$107,001 - $214,000 9.7
$53,001 - $107,000 38.3
$0 - $53,000 47.6

Very Low for PA
Very Low for Nation

Value Relative to Nation Value Relative to State
98.8639690812204 97.8743961352657

Number Of Homes And Apartments:
3,747

Rent & Ownership

 

Average Market Rent:
$772 / per month

Homeownership Rate

Homeownership
Owners 49.45
Renters 50.55
Vacant 9.19

Housing Market Details

 

Age of Homes

AGE OF Bradford HOMES
2000 or Newer 0.5
1970 - 1999 11.4
1940 - 1969 26.2
1939 or Older 61.9

Types of Homes

TYPE OF Bradford HOMES
Single-Family 68.6
Townhomes 2.0
Small Apt. Buildings 15.9
Apt. Complexes 13.3
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Bradford HOMES
No Bedroom 4.07
1 Bedroom 14.13
2 Bedrooms 29.13
3 Bedrooms 33.86
4 Bedrooms 16.70
5 or more bedrooms 2.11

Bradford 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
43.06% 2.13% 4 5
* 10 is highest