Emmaus, 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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

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

Emmaus, PA Housing Market Trends

With a population of 11,467, 4,874 total housing units (homes and apartments), and a median house value of $201,822, Emmaus 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 Emmaus, accounting for 46.47% of the borough's housing units. Other types of housing that are prevalent in Emmaus include row houses and other attached homes ( 28.26%), large apartment complexes or high rise apartments ( 16.51%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.76%).

The most prevalent building size and type in Emmaus are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 63.10% owning and 36.90% renting.

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. Emmaus's housing was primarily built during this period, from the '40s through the '60s. A full 44.35% of the borough's housing hails from this era. Other housing ages represented in Emmaus include homes built between 1970-1999 ( 26.43%) and housing constructed before 1939 ( 23.67%). There's also some housing in Emmaus built between 2000 and later ( 5.55%).

Emmaus Home Appreciation Rates

Real estate appreciation rates in Emmaus's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 3.14% during the period.

Appreciation rates are so strong in Emmaus that despite a nationwide downturn in the housing market, Emmaus real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Emmaus appreciation rates continue to be some of the highest in America, at 10.94%, which is higher than appreciation rates in 75.76% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Emmaus. Emmaus appreciation rates in the latest quarter were at 4.25%, which equates to an annual appreciation rate of 18.10%.

Importantly, this makes Emmaus 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 Emmaus's latest annual appreciation rate is higher than 80% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$201,822

Emmaus, PA HOME PRICES

> $1,232,000
0.0%
0.0%
$924,001 - $1,232,000
0.8%
0.8%
$616,001 - $924,000
0.4%
0.4%
$493,001 - $616,000
3.3%
3.3%
$370,001 - $493,000
7.0%
7.0%
$246,001 - $370,000
27.6%
27.6%
$123,001 - $246,000
55.9%
55.9%
$62,001 - $123,000
3.0%
3.0%
$0 - $62,000
2.0%
2.0%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

High for PA

Value Relative To Nation

Number Of Homes And Apartments:
4,874

Emmaus Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
86.71% 2.95%
7
6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,362 / per month

Homeownership Rate

Owners
63.1%
63.1%
Renters
36.9%
36.9%
Vacant
2.7%
2.7%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
5.5%
5.5%
1970 - 1999
26.4%
26.4%
1940 - 1969
44.4%
44.4%
1939 or Older
23.7%
23.7%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
46.5%
46.5%
Townhomes
28.3%
28.3%
Small Apt. Buildings
8.8%
8.8%
Apt. Complexes
16.5%
16.5%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.3%
0.3%
1 Bedroom
14.8%
14.8%
2 Bedrooms
22.3%
22.3%
3 Bedrooms
47.2%
47.2%
4 Bedrooms
13.5%
13.5%
5 or more bedrooms
1.9%
1.9%
0.0% 100.0%
% OF HOMES