Ebensburg, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Ebensburg, PA Real Estate Data


Ebensburg Housing Market Information

With a population of 3,203, 1,560 total housing units (homes and apartments), and a median house value of $132,151, house prices in Ebensburg are solidly below the national average.

Single-family detached homes are the single most common housing type in Ebensburg, accounting for 54.99% of the borough's housing units. Other types of housing that are prevalent in Ebensburg include large apartment complexes or high rise apartments ( 22.68%), duplexes, homes converted to apartments or other small apartment buildings ( 20.00%), and a few row houses and other attached homes ( 1.63%).

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

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Ebensburg's housing was primarily built during this period, from the '40s through the '60s. A full 39.77% of the borough's housing hails from this era. Other housing ages represented in Ebensburg include homes built before 1939 ( 29.45%) and housing constructed between 1970-1999 ( 19.36%). There's also some housing in Ebensburg built between 2000 and later ( 11.43%).

Ebensburg Home Appreciation Rates

Real estate appreciation rates in Ebensburg's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.20% during the period.

Appreciation rates are so strong in Ebensburg that despite a nationwide downturn in the housing market, Ebensburg real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Ebensburg appreciation rates continue to be some of the highest in America, at 11.03%, which is higher than appreciation rates in 98.84% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Ebensburg. Ebensburg appreciation rates in the latest quarter were at 3.10%, which equates to an annual appreciation rate of 12.97%.

Importantly, this makes Ebensburg 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 Ebensburg's latest annual appreciation rate is higher than 90% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$132,151

Ebensburg, PA HOME PRICES

Value Range
> $1,083,000 0.0
$812,001 - $1,083,000 0.5
$541,001 - $812,000 0.0
$433,001 - $541,000 1.8
$325,001 - $433,000 2.4
$217,001 - $325,000 16.9
$108,001 - $217,000 50.5
$54,001 - $108,000 20.7
$0 - $54,000 7.3

Average for PA
Average for Nation

Value Relative to Nation Value Relative to State
59.6299115769749 57.0048309178744

Number Of Homes And Apartments:
1,560

Rent & Ownership

 

Average Market Rent:
$993 / per month

Homeownership Rate

Homeownership
Owners 53.47
Renters 46.53
Vacant 9.04

Housing Market Details

 

Age of Homes

AGE OF Ebensburg HOMES
2000 or Newer 11.4
1970 - 1999 19.4
1940 - 1969 39.8
1939 or Older 29.4

Types of Homes

TYPE OF Ebensburg HOMES
Single-Family 55.0
Townhomes 1.6
Small Apt. Buildings 20.0
Apt. Complexes 22.7
Mobile Homes 0.7
Other 0.0

Home Size

SIZE OF Ebensburg HOMES
No Bedroom 3.38
1 Bedroom 18.83
2 Bedrooms 27.70
3 Bedrooms 33.99
4 Bedrooms 11.02
5 or more bedrooms 5.07

Ebensburg Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
27.47% 1.44% 2 3
* 10 is highest