Ford City, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Ford City Neighborhoods Since 2000




Ford City, 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

Ford City Housing Market Information

With a population of 2,878, 1,280 total housing units (homes and apartments), and a median house value of $74,412, house prices in Ford City are some of the most affordable in Pennsylvania as well as the nation.

Single-family detached homes are the single most common housing type in Ford City, accounting for 55.32% of the borough's housing units. Other types of housing that are prevalent in Ford City include row houses and other attached homes ( 24.64%), duplexes, homes converted to apartments or other small apartment buildings ( 13.29%), and a few large apartment complexes or high rise apartments ( 5.19%).

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

The housing in Ford City was primarily built before 1939 ( 65.24%), making the housing stock in Ford City some of the oldest overall in America, although there is a range of ages of homes in Ford City. The next most important housing age is between 1940-1969 ( 28.66%), followed by between 1970-1999 ( 5.51%).

Vacant housing appears to be an issue in Ford City. Fully 16.99% of the housing stock is classified as vacant. Left unchecked, vacant Ford City homes and apartments can be a drag on the real estate market, holding Ford City 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.

Ford City Home Appreciation Rates

In the last 10 years, Ford City has experienced some of the highest home appreciation rates of any community in the nation. Ford City real estate appreciated 20.61% over the last ten years, which is an average annual home appreciation rate of 1.89%, putting Ford City in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Ford City definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Ford City appreciation rates have trailed the rest of the nation. In the last twelve months, Ford City's appreciation rate has been 2.16%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Ford City were at -0.41%, which equates to an annual appreciation rate of -1.65%.

Relative to Pennsylvania, our data show that Ford City's latest annual appreciation rate is higher than 50% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$74,412

Ford City, PA HOME PRICES

Value Range
> $1,103,000 0.0
$827,001 - $1,103,000 0.0
$551,001 - $827,000 0.0
$441,001 - $551,000 0.0
$331,001 - $441,000 0.0
$221,001 - $331,000 1.1
$110,001 - $221,000 9.3
$55,001 - $110,000 56.6
$0 - $55,000 33.0

Very Low for PA
Very Low for Nation

Value Relative to Nation Value Relative to State
93.4138052267667 91.9806763285024

Number Of Homes And Apartments:
1,280

Ford City 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
54.98% 2.57% 8 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$761 / per month

Homeownership Rate

Homeownership
Owners 55.70
Renters 44.30
Vacant 16.99

Housing Market Details

 

Age of Homes

AGE OF Ford City HOMES
2000 or Newer 0.6
1970 - 1999 5.5
1940 - 1969 28.7
1939 or Older 65.2

Types of Homes

TYPE OF Ford City HOMES
Single-Family 55.3
Townhomes 24.6
Small Apt. Buildings 13.3
Apt. Complexes 5.2
Mobile Homes 1.6
Other 0.0

Home Size

SIZE OF Ford City HOMES
No Bedroom 1.04
1 Bedroom 15.30
2 Bedrooms 36.38
3 Bedrooms 31.06
4 Bedrooms 9.99
5 or more bedrooms 6.23