Cochranville, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Cochranville Neighborhoods Since 2000




Cochranville, 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

Cochranville Housing Market Information

With a population of 673, 271 total housing units (homes and apartments), and a median house value of $259,402, Cochranville real estate is some of the most expensive in Pennsylvania, although Cochranville home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Cochranville, accounting for 74.47% of the town's housing units. Other types of housing that are prevalent in Cochranville include duplexes, homes converted to apartments or other small apartment buildings ( 14.54%), large apartment complexes or high rise apartments ( 6.74%), and a few row houses and other attached homes ( 4.26%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Cochranville. Owner-occupied housing accounts for 74.17% of Cochranville's homes, and 62.41% have either three or four bedrooms, which is average sized relative to America.

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. Cochranville's housing was primarily built during this period, from the '40s through the '60s. A full 34.75% of the town's housing hails from this era. Other housing ages represented in Cochranville include homes built before 1939 ( 28.01%) and housing constructed between 1970-1999 ( 23.05%). There's also some housing in Cochranville built between 2000 and later ( 14.18%).

Cochranville Home Appreciation Rates

Real estate appreciation rates in Cochranville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.62% during the period.

Over the last year, Cochranville appreciation rates have trailed the rest of the nation. In the last twelve months, Cochranville's appreciation rate has been 2.33%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Cochranville were at 0.08%, which equates to an annual appreciation rate of 0.32%.

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

Average Home Values

 

Median Home Value:
$259,402

Cochranville, PA HOME PRICES

Value Range
> $1,068,000 1.5
$801,001 - $1,068,000 1.3
$534,001 - $801,000 12.4
$427,001 - $534,000 5.9
$320,001 - $427,000 10.2
$214,001 - $320,000 39.1
$107,001 - $214,000 14.9
$53,001 - $107,000 4.2
$0 - $53,000 10.4

Very High for PA
High for Nation

Value Relative to Nation Value Relative to State
21.1355912340326 10.4347826086957

Number Of Homes And Apartments:
271

Cochranville 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
42.34% 2.07% 5 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,457 / per month

Homeownership Rate

Homeownership
Owners 74.17
Renters 25.83
Vacant 3.90

Housing Market Details

 

Age of Homes

AGE OF Cochranville HOMES
2000 or Newer 14.2
1970 - 1999 23.0
1940 - 1969 34.8
1939 or Older 28.0

Types of Homes

TYPE OF Cochranville HOMES
Single-Family 74.5
Townhomes 4.3
Small Apt. Buildings 14.5
Apt. Complexes 6.7
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Cochranville HOMES
No Bedroom 0.00
1 Bedroom 9.57
2 Bedrooms 22.34
3 Bedrooms 48.23
4 Bedrooms 14.18
5 or more bedrooms 5.67