Clifton Heights, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Clifton Heights, 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

Clifton Heights Housing Market Information

With 6,684 people, 2,396 houses or apartments, and a median cost of homes of $130,905, house prices in Clifton Heights are solidly below the national average.

Row houses and other attached homes are the single most common housing type in Clifton Heights, accounting for 54.19% of the borough's housing units. Other types of housing that are prevalent in Clifton Heights include large apartment complexes or high rise apartments ( 20.07%), single-family detached homes ( 14.09%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 11.29%). This particular housing mix is relatively uncommon and characteristic of boroughs that are compact and walkable, and which often have a lively downtown.

The most prevalent building size and type in Clifton Heights are three and four bedroom dwellings, chiefly found in row houses and other attached homes. The borough has a mixture of owners and renters, with 58.76% owning and 41.24% 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. Clifton Heights's housing was primarily built during this period, from the '40s through the '60s. A full 70.37% of the borough's housing hails from this era. Other housing ages represented in Clifton Heights include homes built before 1939 ( 15.74%) and housing constructed between 1970-1999 ( 10.86%). There's also some housing in Clifton Heights built between 2000 and later ( 3.03%).

Clifton Heights Home Appreciation Rates

Homes have actually lost value in Clifton Heights over the last then years, as home values have seen a decline of 24.86% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Clifton Heights home appreciation rates at 0.08%, which equates to an annual appreciation rate of 0.32%.

Over the last year, Clifton Heights appreciation rates have trailed the rest of the nation. In the last twelve months, Clifton Heights's appreciation rate has been 2.35%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Clifton Heights were at 0.08%, which equates to an annual appreciation rate of 0.32%.

Relative to Pennsylvania, our data show that Clifton Heights'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 borough. Individual neighborhoods within Clifton Heights differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Clifton Heights - 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 Clifton Heights real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$130,905

Clifton Heights, PA HOME PRICES

Value Range
> $958,000 0.0
$718,001 - $958,000 0.0
$479,001 - $718,000 0.0
$383,001 - $479,000 0.0
$287,001 - $383,000 0.8
$192,001 - $287,000 8.6
$96,001 - $192,000 69.2
$48,001 - $96,000 16.8
$0 - $48,000 4.6

Average for PA
Average for Nation

Value Relative to Nation Value Relative to State
59.3724364232978 55.3623188405797

Number Of Homes And Apartments:
2,396

Clifton Heights 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
30.02% 1.53% 2 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,193 / per month

Homeownership Rate

Homeownership
Owners 58.76
Renters 41.24
Vacant 5.71

Housing Market Details

 

Age of Homes

AGE OF Clifton Heights HOMES
2000 or Newer 3.0
1970 - 1999 10.9
1940 - 1969 70.4
1939 or Older 15.7

Types of Homes

TYPE OF Clifton Heights HOMES
Single-Family 14.1
Townhomes 54.2
Small Apt. Buildings 11.3
Apt. Complexes 20.1
Mobile Homes 0.4
Other 0.0

Home Size

SIZE OF Clifton Heights HOMES
No Bedroom 0.00
1 Bedroom 24.91
2 Bedrooms 8.62
3 Bedrooms 61.71
4 Bedrooms 3.94
5 or more bedrooms 0.83