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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Crafton, 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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

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

Crafton, PA Housing Market Trends

With 5,937 people, 3,042 houses or apartments, and a median cost of homes of $230,024, house prices in Crafton are solidly below the national average.

Single-family detached homes are the single most common housing type in Crafton, accounting for 49.24% of the borough's housing units. Other types of housing that are prevalent in Crafton include duplexes, homes converted to apartments or other small apartment buildings ( 30.21%), large apartment complexes or high rise apartments ( 12.42%), and a few row houses and other attached homes ( 8.13%).

People in Crafton primarily live in small (one, two or no bedroom) single-family detached homes. Crafton has a mixture of owner-occupied and renter-occupied housing.

The housing in Crafton was primarily built before 1939 ( 52.48%), making the housing stock in Crafton some of the oldest overall in America, although there is a range of ages of homes in Crafton. The next most important housing age is between 1940-1969 ( 31.90%), followed by between 1970-1999 ( 14.53%). There's also some housing in Crafton built between 2000 and later ( 1.10%).

Crafton Home Appreciation Rates

Appreciation rates for homes in Crafton have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 91.60%, which ranks in the top 40% nationwide. This equates to an annual average Crafton house appreciation rate of 6.72%.

NeighborhoodScout's data show that during the latest twelve months, Crafton's appreciation rate, at 5.71%, has been at or slightly above the national average. In the latest quarter, Crafton's appreciation rate has been -0.10%, which annualizes to a rate of -0.24%.

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

Average Home Values

Median Home Value

$230,024

Crafton, PA Home Prices
> $1,281,000
$961,001 - $1,281,000
$641,001 - $961,000
$513,001 - $641,000
$385,001 - $513,000
$256,001 - $385,000
$128,001 - $256,000
$64,001 - $128,000
$0 - $64,000
0.0%
0.0%
0.0%
0.0%
0.4%
0.4%
3.1%
3.1%
8.1%
8.1%
24.4%
24.4%
53.3%
53.3%
8.6%
8.6%
2.0%
2.0%
0% 100.0%
% of Homes
Average

for Pennsylvania

Average

for nation

Number of Homes And Apartments:

3,042

Crafton Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,485 / per month

Homeownership Rate

Owners
Renters
59.6%
59.6%
40.4%
40.4%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
7.0%
7.0%
93.0%
93.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
1.1%
1.1%
14.5%
14.5%
31.9%
31.9%
52.5%
52.5%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
49.2%
49.2%
8.1%
8.1%
30.2%
30.2%
12.4%
12.4%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.4%
1.4%
15.1%
15.1%
33.7%
33.7%
31.0%
31.0%
13.7%
13.7%
5.0%
5.0%
0% 100.0%
% of Homes