Brockway, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Brockway, 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

Brockway Housing Market Information

With a population of 2,040, 929 total housing units (homes and apartments), and a median house value of $101,988, house prices in Brockway are solidly below the national average.

Single-family detached homes are the single most common housing type in Brockway, accounting for 68.71% of the borough's housing units. Other types of housing that are prevalent in Brockway include large apartment complexes or high rise apartments ( 20.34%), duplexes, homes converted to apartments or other small apartment buildings ( 10.07%).

The most prevalent building size and type in Brockway are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 58.60% owning and 41.40% 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. Brockway's housing was primarily built during this period, from the '40s through the '60s. A full 36.03% of the borough's housing hails from this era. Other housing ages represented in Brockway include homes built before 1939 ( 33.96%) and housing constructed between 1970-1999 ( 25.96%). There's also some housing in Brockway built between 2000 and later ( 4.05%).

Brockway Home Appreciation Rates

In the last 10 years, Brockway has experienced some of the highest home appreciation rates of any community in the nation. Brockway real estate appreciated 19.06% over the last ten years, which is an average annual home appreciation rate of 1.76%, putting Brockway in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Brockway definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Brockway appreciation rates have trailed the rest of the nation. In the last twelve months, Brockway's appreciation rate has been 2.44%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Brockway were at -1.59%, which equates to an annual appreciation rate of -6.20%.

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

Relative to Pennsylvania, our data show that Brockway's latest annual appreciation rate is higher than 50% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$101,988

Brockway, PA HOME PRICES

Value Range
> $1,049,000 0.0
$787,001 - $1,049,000 0.0
$524,001 - $787,000 2.0
$419,001 - $524,000 0.7
$315,001 - $419,000 0.0
$210,001 - $315,000 5.4
$105,001 - $210,000 34.2
$52,001 - $105,000 42.4
$0 - $52,000 15.3

Low for PA
Low for Nation

Value Relative to Nation Value Relative to State
76.3389194890425 74.975845410628

Number Of Homes And Apartments:
929

Brockway 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
54.46% 2.55% 8 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$736 / per month

Homeownership Rate

Homeownership
Owners 58.60
Renters 41.40
Vacant 8.29

Housing Market Details

 

Age of Homes

AGE OF Brockway HOMES
2000 or Newer 4.0
1970 - 1999 26.0
1940 - 1969 36.0
1939 or Older 34.0

Types of Homes

TYPE OF Brockway HOMES
Single-Family 68.7
Townhomes 0.0
Small Apt. Buildings 10.1
Apt. Complexes 20.3
Mobile Homes 0.9
Other 0.0

Home Size

SIZE OF Brockway HOMES
No Bedroom 1.18
1 Bedroom 9.38
2 Bedrooms 24.78
3 Bedrooms 42.15
4 Bedrooms 19.64
5 or more bedrooms 2.86

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Zip Codes in Brockway, PA