Cochranville, PA Real Estate Market

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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Cochranville, PA Housing Market Trends

With 673 people, 255 houses or apartments, and a median cost of homes of $323,291, 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 80.45% 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 ( 13.16%), large apartment complexes or high rise apartments ( 5.26%), and a few row houses and other attached homes ( 1.13%).

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 74.12% of Cochranville's homes, and 65.04% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Cochranville built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Cochranville built between 1940-1969 ( 30.08%). A lesser amount of the housing stock also hails from before 1939 ( 25.56%). There's also some housing in Cochranville built between 2000 and later ( 8.65%).

Cochranville Home Appreciation Rates

Cochranville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Cochranville during the period has been just 2.25%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Cochranville's appreciation rate, at 9.68%, has been at or slightly above the national average. In the latest quarter, Cochranville's appreciation rate has been 3.48%, which annualizes to a rate of 14.68%.

Relative to Pennsylvania, our data show that Cochranville's latest annual appreciation rate is higher than 70% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$323,291

Cochranville, PA HOME PRICES

> $1,195,000
7.7%
7.7%
$896,001 - $1,195,000
2.2%
2.2%
$597,001 - $896,000
7.4%
7.4%
$478,001 - $597,000
2.2%
2.2%
$358,001 - $478,000
20.0%
20.0%
$239,001 - $358,000
33.7%
33.7%
$119,001 - $239,000
17.0%
17.0%
$60,001 - $119,000
1.9%
1.9%
$0 - $60,000
8.1%
8.1%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very High for PA

Value Relative To Nation

Number Of Homes And Apartments:
255

Cochranville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
65.34% 2.37%
3
4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,604 / per month

Homeownership Rate

Owners
74.1%
74.1%
Renters
25.9%
25.9%
Vacant
4.1%
4.1%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
8.6%
8.6%
1970 - 1999
35.7%
35.7%
1940 - 1969
30.1%
30.1%
1939 or Older
25.6%
25.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
80.5%
80.5%
Townhomes
1.1%
1.1%
Small Apt. Buildings
13.2%
13.2%
Apt. Complexes
5.3%
5.3%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.0%
0.0%
1 Bedroom
7.1%
7.1%
2 Bedrooms
23.7%
23.7%
3 Bedrooms
47.0%
47.0%
4 Bedrooms
18.0%
18.0%
5 or more bedrooms
4.1%
4.1%
0.0% 100.0%
% OF HOMES