Gilbertsville, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Gilbertsville Neighborhoods Since 2000




Gilbertsville, 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

Gilbertsville Housing Market Information

With 4,930 people, 1,901 houses or apartments, and a median cost of homes of $249,480, Gilbertsville real estate is some of the most expensive in Pennsylvania, although Gilbertsville home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Gilbertsville, accounting for 74.87% of the town's housing units. Other types of housing that are prevalent in Gilbertsville include large apartment complexes or high rise apartments ( 12.76%), row houses and other attached homes ( 8.54%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.37%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Gilbertsville. Owner-occupied housing accounts for 78.98% of Gilbertsville's homes, and 68.79% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Gilbertsville built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Gilbertsville built between 1940-1969 ( 23.37%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.25%). There's also some housing in Gilbertsville built before 1939 ( 13.27%).

Gilbertsville Home Appreciation Rates

Gilbertsville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Gilbertsville during the period has been just -1.04%, which is lower than 70% of US communities.

Over the last year, Gilbertsville appreciation rates have trailed the rest of the nation. In the last twelve months, Gilbertsville's appreciation rate has been 2.48%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Gilbertsville were at 0.08%, which equates to an annual appreciation rate of 0.32%.

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

Average Home Values

 

Median Home Value:
$249,480

Gilbertsville, PA HOME PRICES

Value Range
> $1,064,000 0.0
$798,001 - $1,064,000 1.4
$532,001 - $798,000 1.6
$426,001 - $532,000 2.4
$319,001 - $426,000 18.7
$213,001 - $319,000 40.0
$107,001 - $213,000 32.5
$53,001 - $107,000 2.4
$0 - $53,000 1.0

Very High for PA
High for Nation

Value Relative to Nation Value Relative to State
22.6004922067268 11.7874396135266

Number Of Homes And Apartments:
1,901

Gilbertsville 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
48.77% 2.33% 6 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$823 / per month

Homeownership Rate

Homeownership
Owners 78.98
Renters 21.02
Vacant 4.47

Housing Market Details

 

Age of Homes

AGE OF Gilbertsville HOMES
2000 or Newer 19.2
1970 - 1999 44.1
1940 - 1969 23.4
1939 or Older 13.3

Types of Homes

TYPE OF Gilbertsville HOMES
Single-Family 74.9
Townhomes 8.5
Small Apt. Buildings 3.4
Apt. Complexes 12.8
Mobile Homes 0.5
Other 0.0

Home Size

SIZE OF Gilbertsville HOMES
No Bedroom 0.00
1 Bedroom 12.16
2 Bedrooms 15.38
3 Bedrooms 41.61
4 Bedrooms 27.19
5 or more bedrooms 3.67