Emmaus, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Emmaus Neighborhoods Since 2000




Emmaus, 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

Emmaus Housing Market Information

With a population of 11,368, 5,052 total housing units (homes and apartments), and a median house value of $180,037, Emmaus real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Emmaus, accounting for 45.16% of the borough's housing units. Other types of housing that are prevalent in Emmaus include row houses and other attached homes ( 24.62%), large apartment complexes or high rise apartments ( 20.84%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 9.38%).

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 63.62% owning and 36.38% 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 38.72% of the borough's housing hails from this era. Other housing ages represented in Emmaus include homes built between 1970-1999 ( 29.12%) and housing constructed before 1939 ( 27.74%). There's also some housing in Emmaus built between 2000 and later ( 4.42%).

Emmaus Home Appreciation Rates

Emmaus's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Emmaus during the period has been just -1.00%, which is lower than 70% of US communities.

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 6.34%, which is higher than appreciation rates in 76.73% 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 0.88%, which equates to an annual appreciation rate of 3.57%.

Relative to Pennsylvania, our data show that Emmaus's latest annual appreciation rate is higher than 90% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$180,037

Emmaus, PA HOME PRICES

Value Range
> $1,112,000 0.0
$834,001 - $1,112,000 0.7
$556,001 - $834,000 0.5
$444,001 - $556,000 2.7
$333,001 - $444,000 5.5
$222,001 - $333,000 26.0
$111,001 - $222,000 55.4
$56,001 - $111,000 6.4
$0 - $56,000 2.7

High for PA
High for Nation

Value Relative to Nation Value Relative to State
38.1694597445213 27.3429951690821

Number Of Homes And Apartments:
5,052

Emmaus 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
49.56% 2.36% 7 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,057 / per month

Homeownership Rate

Homeownership
Owners 63.62
Renters 36.38
Vacant 6.18

Housing Market Details

 

Age of Homes

AGE OF Emmaus HOMES
2000 or Newer 4.4
1970 - 1999 29.1
1940 - 1969 38.7
1939 or Older 27.7

Types of Homes

TYPE OF Emmaus HOMES
Single-Family 45.2
Townhomes 24.6
Small Apt. Buildings 9.4
Apt. Complexes 20.8
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Emmaus HOMES
No Bedroom 0.71
1 Bedroom 19.87
2 Bedrooms 19.54
3 Bedrooms 44.98
4 Bedrooms 13.41
5 or more bedrooms 1.50