Bradford, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Bradford Neighborhoods Since 2000




Bradford, 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

Bradford Housing Market Information

With 8,507 people, 3,804 houses or apartments, and a median cost of homes of $53,200, 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 66.04% 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 ( 17.04%), large apartment complexes or high rise apartments ( 14.42%), and a few row houses and other attached homes ( 1.71%).

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 47.28% owning and 52.72% renting.

The housing in Bradford was primarily built before 1939 ( 59.45%), 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 ( 26.91%), followed by between 1970-1999 ( 11.87%). There's also some housing in Bradford built between 2000 and later ( 1.78%).

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 10.59%, which ranks in the top 30% nationwide. This equates to an annual average Bradford house appreciation rate of 1.01%.

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 2.43%, 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 -1.59%, which equates to an annual appreciation rate of -6.20%.

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

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:
$53,200

Bradford, PA HOME PRICES

Value Range
> $1,015,000 0.0
$761,001 - $1,015,000 0.0
$507,001 - $761,000 0.0
$406,001 - $507,000 2.0
$304,001 - $406,000 0.2
$203,001 - $304,000 1.7
$101,001 - $203,000 10.0
$51,001 - $101,000 41.7
$0 - $51,000 44.4

Very Low for PA
Very Low for Nation

Value Relative to Nation Value Relative to State
99.0331653580218 97.7777777777778

Number Of Homes And Apartments:
3,804

Bradford 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
40.74% 2.00% 4 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$760 / per month

Homeownership Rate

Homeownership
Owners 47.28
Renters 52.72
Vacant 8.45

Housing Market Details

 

Age of Homes

AGE OF Bradford HOMES
2000 or Newer 1.8
1970 - 1999 11.9
1940 - 1969 26.9
1939 or Older 59.4

Types of Homes

TYPE OF Bradford HOMES
Single-Family 66.0
Townhomes 1.7
Small Apt. Buildings 17.0
Apt. Complexes 14.4
Mobile Homes 0.8
Other 0.0

Home Size

SIZE OF Bradford HOMES
No Bedroom 3.73
1 Bedroom 15.84
2 Bedrooms 29.05
3 Bedrooms 33.33
4 Bedrooms 15.76
5 or more bedrooms 2.29