Freedom, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Freedom Neighborhoods Since 2000




Freedom, 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

Freedom Housing Market Information

With 1,529 people, 613 houses or apartments, and a median cost of homes of $70,109, house prices in Freedom 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 Freedom, accounting for 83.22% of the borough's housing units. Other types of housing that are prevalent in Freedom include duplexes, homes converted to apartments or other small apartment buildings ( 8.89%), large apartment complexes or high rise apartments ( 4.51%), and a few row houses and other attached homes ( 2.96%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Freedom. Owner-occupied housing accounts for 69.44% of Freedom's homes, and 59.94% have either three or four bedrooms, which is average sized relative to America.

The housing in Freedom was primarily built before 1939 ( 59.24%), making the housing stock in Freedom some of the oldest overall in America, although there is a range of ages of homes in Freedom. The next most important housing age is between 1940-1969 ( 33.00%), followed by between 1970-1999 ( 6.63%). There's also some housing in Freedom built between 2000 and later ( 1.13%).

Vacant housing appears to be an issue in Freedom. Fully 13.54% of the housing stock is classified as vacant. Left unchecked, vacant Freedom homes and apartments can be a drag on the real estate market, holding Freedom 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.

Freedom Home Appreciation Rates

Appreciation rates for homes in Freedom have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 0.38%, which ranks in the top 50% nationwide. This equates to an annual average Freedom house appreciation rate of 0.04%.

NeighborhoodScout's data show that during the latest twelve months, Freedom's appreciation rate, at 3.24%, has been at or slightly above the national average. In the latest quarter, Freedom's appreciation rate has been -0.41%, which annualizes to a rate of -1.65%.

Relative to Pennsylvania, our data show that Freedom's latest annual appreciation rate is higher than 60% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$70,109

Freedom, PA HOME PRICES

Value Range
> $1,080,000 0.0
$810,001 - $1,080,000 0.0
$540,001 - $810,000 0.0
$432,001 - $540,000 0.9
$324,001 - $432,000 0.0
$216,001 - $324,000 1.5
$108,001 - $216,000 12.8
$54,001 - $108,000 52.6
$0 - $54,000 32.2

Very Low for PA
Very Low for Nation

Value Relative to Nation Value Relative to State
95.2068440173444 94.2028985507246

Number Of Homes And Apartments:
613

Freedom 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
22.10% 1.16% 1 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$679 / per month

Homeownership Rate

Homeownership
Owners 69.44
Renters 30.56
Vacant 13.54

Housing Market Details

 

Age of Homes

AGE OF Freedom HOMES
2000 or Newer 1.1
1970 - 1999 6.6
1940 - 1969 33.0
1939 or Older 59.2

Types of Homes

TYPE OF Freedom HOMES
Single-Family 83.2
Townhomes 3.0
Small Apt. Buildings 8.9
Apt. Complexes 4.5
Mobile Homes 0.4
Other 0.0

Home Size

SIZE OF Freedom HOMES
No Bedroom 0.99
1 Bedroom 5.64
2 Bedrooms 31.73
3 Bedrooms 41.47
4 Bedrooms 18.48
5 or more bedrooms 1.69