Easton, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Easton, PA Real Estate Data


Easton Housing Market Information

With a population of 26,915, 9,445 total housing units (homes and apartments), and a median house value of $112,404, house prices in Easton are solidly below the national average.

Row houses and other attached homes are the single most common housing type in Easton, accounting for 31.57% of the city's housing units. Other types of housing that are prevalent in Easton include single-family detached homes ( 28.12%), duplexes, homes converted to apartments or other small apartment buildings ( 22.03%), and a few large apartment complexes or high rise apartments ( 18.21%). Cities that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of cities are often walkable and compact, and often have a lively downtown.

People in Easton primarily live in small (one, two or no bedroom) row houses and other attached homes. Easton has a mixture of owner-occupied and renter-occupied housing.

The housing in Easton was primarily built before 1939 ( 67.28%), making the housing stock in Easton some of the oldest overall in America, although there is a range of ages of homes in Easton. The next most important housing age is between 1940-1969 ( 19.40%), followed by between 1970-1999 ( 11.58%). There's also some housing in Easton built between 2000 and later ( 1.74%).

Vacant housing appears to be an issue in Easton. Fully 14.49% of the housing stock is classified as vacant. Left unchecked, vacant Easton homes and apartments can be a drag on the real estate market, holding Easton real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Easton Home Appreciation Rates

Homes have actually lost value in Easton over the last then years, as home values have seen a decline of 23.05% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Easton home appreciation rates at -1.31%, which equates to an annual appreciation rate of -5.15%.

Over the last year, Easton appreciation rates have trailed the rest of the nation. In the last twelve months, Easton's appreciation rate has been 0.35%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Easton were at -1.31%, which equates to an annual appreciation rate of -5.15%.

Notably, Easton's appreciation rate in the latest quarter is one of the lowest in America.

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

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Easton differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Easton - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Easton real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$112,404

Easton, PA HOME PRICES

Value Range
> $1,022,000 1.6
$767,001 - $1,022,000 1.2
$511,001 - $767,000 0.4
$409,001 - $511,000 3.1
$307,001 - $409,000 4.8
$204,001 - $307,000 11.4
$102,001 - $204,000 39.7
$51,001 - $102,000 34.3
$0 - $51,000 3.5

Low for PA
Low for Nation

Value Relative to Nation Value Relative to State
69.7468651119184 68.0193236714976

Number Of Homes And Apartments:
9,445

Rent & Ownership

 

Average Market Rent:
$1,160 / per month

Homeownership Rate

Homeownership
Owners 40.82
Renters 59.18
Vacant 14.49

Housing Market Details

 

Age of Homes

AGE OF Easton HOMES
2000 or Newer 1.7
1970 - 1999 11.6
1940 - 1969 19.4
1939 or Older 67.3

Types of Homes

TYPE OF Easton HOMES
Single-Family 28.1
Townhomes 31.6
Small Apt. Buildings 22.0
Apt. Complexes 18.2
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF Easton HOMES
No Bedroom 3.59
1 Bedroom 18.89
2 Bedrooms 24.41
3 Bedrooms 34.98
4 Bedrooms 11.69
5 or more bedrooms 6.45

Easton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
32.03% 1.62% 3 4
* 10 is highest