Dunmore, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Dunmore Neighborhoods Since 2000




Dunmore, 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

Dunmore Housing Market Information

With a population of 13,379, 5,503 total housing units (homes and apartments), and a median house value of $156,343, Dunmore real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Dunmore, accounting for 56.70% of the borough's housing units. Other types of housing that are prevalent in Dunmore include duplexes, homes converted to apartments or other small apartment buildings ( 26.97%), large apartment complexes or high rise apartments ( 8.22%), and a few row houses and other attached homes ( 7.98%).

The most prevalent building size and type in Dunmore are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 55.92% owning and 44.08% renting.

The housing in Dunmore was primarily built before 1939 ( 52.03%), making the housing stock in Dunmore some of the oldest overall in America, although there is a range of ages of homes in Dunmore. The next most important housing age is between 1940-1969 ( 25.03%), followed by between 1970-1999 ( 20.00%). There's also some housing in Dunmore built between 2000 and later ( 2.94%).

Dunmore Home Appreciation Rates

Dunmore's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Dunmore during the period has been just -0.86%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Dunmore's appreciation rate, at 5.50%, has been at or slightly above the national average. In the latest quarter, Dunmore's appreciation rate has been 2.13%, which annualizes to a rate of 8.80%.

Importantly, this makes Dunmore one of the highest appreciating communities in the nation for the latest quarter, and may signal the borough's near-future real estate investment strength.

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

Average Home Values

 

Median Home Value:
$156,343

Dunmore, PA HOME PRICES

Value Range
> $1,015,000 0.0
$761,001 - $1,015,000 0.3
$507,001 - $761,000 1.5
$406,001 - $507,000 4.3
$304,001 - $406,000 4.8
$203,001 - $304,000 17.7
$101,001 - $203,000 49.9
$51,001 - $101,000 17.3
$0 - $51,000 4.2

Average for PA
Average for Nation

Value Relative to Nation Value Relative to State
47.292863002461 41.6425120772947

Number Of Homes And Apartments:
5,503

Dunmore 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
21.71% 1.15% 1 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$967 / per month

Homeownership Rate

Homeownership
Owners 55.92
Renters 44.08
Vacant 8.11

Housing Market Details

 

Age of Homes

AGE OF Dunmore HOMES
2000 or Newer 2.9
1970 - 1999 20.0
1940 - 1969 25.0
1939 or Older 52.0

Types of Homes

TYPE OF Dunmore HOMES
Single-Family 56.7
Townhomes 8.0
Small Apt. Buildings 27.0
Apt. Complexes 8.2
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF Dunmore HOMES
No Bedroom 1.92
1 Bedroom 11.47
2 Bedrooms 27.47
3 Bedrooms 40.21
4 Bedrooms 12.27
5 or more bedrooms 6.66