Dormont, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Dormont Neighborhoods Since 2000




Dormont, 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

Dormont Housing Market Information

With a population of 8,465, 3,936 total housing units (homes and apartments), and a median house value of $128,773, house prices in Dormont are solidly below the national average.

Single-family detached homes are the single most common housing type in Dormont, accounting for 57.17% of the borough's housing units. Other types of housing that are prevalent in Dormont include duplexes, homes converted to apartments or other small apartment buildings ( 21.79%), large apartment complexes or high rise apartments ( 15.10%), and a few row houses and other attached homes ( 5.94%).

The most prevalent building size and type in Dormont are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 56.51% owning and 43.49% renting.

The housing in Dormont was primarily built before 1939 ( 64.88%), making the housing stock in Dormont some of the oldest overall in America, although there is a range of ages of homes in Dormont. The next most important housing age is between 1940-1969 ( 30.17%), followed by between 1970-1999 ( 4.66%).

Dormont Home Appreciation Rates

In the last 10 years, Dormont has experienced some of the highest home appreciation rates of any community in the nation. Dormont real estate appreciated 28.28% over the last ten years, which is an average annual home appreciation rate of 2.52%, putting Dormont in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Dormont definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Dormont's appreciation rate, at 5.14%, has been at or slightly above the national average. In the latest quarter, Dormont's appreciation rate has been -0.41%, which annualizes to a rate of -1.65%.

Relative to Pennsylvania, our data show that Dormont's latest annual appreciation rate is higher than 80% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$128,773

Dormont, PA HOME PRICES

Value Range
> $1,162,000 0.2
$872,001 - $1,162,000 0.0
$581,001 - $872,000 0.6
$465,001 - $581,000 0.2
$349,001 - $465,000 0.0
$232,001 - $349,000 5.8
$116,001 - $232,000 54.1
$58,001 - $116,000 34.5
$0 - $58,000 4.5

Average for PA
Low for Nation

Value Relative to Nation Value Relative to State
60.5590062111801 56.8115942028986

Number Of Homes And Apartments:
3,936

Dormont 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
60.38% 2.78% 9 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$977 / per month

Homeownership Rate

Homeownership
Owners 56.51
Renters 43.49
Vacant 6.86

Housing Market Details

 

Age of Homes

AGE OF Dormont HOMES
2000 or Newer 0.3
1970 - 1999 4.7
1940 - 1969 30.2
1939 or Older 64.9

Types of Homes

TYPE OF Dormont HOMES
Single-Family 57.2
Townhomes 5.9
Small Apt. Buildings 21.8
Apt. Complexes 15.1
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Dormont HOMES
No Bedroom 1.18
1 Bedroom 16.64
2 Bedrooms 29.39
3 Bedrooms 36.58
4 Bedrooms 11.78
5 or more bedrooms 4.42