Hamburg, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Hamburg, PA Real Estate Data


Hamburg Housing Market Information

With a population of 4,398, 1,960 total housing units (homes and apartments), and a median house value of $137,159, house prices in Hamburg are solidly below the national average.

Single-family detached homes are the single most common housing type in Hamburg, accounting for 39.12% of the borough's housing units. Other types of housing that are prevalent in Hamburg include row houses and other attached homes ( 36.30%), large apartment complexes or high rise apartments ( 14.38%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 9.09%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Hamburg. Owner-occupied housing accounts for 65.30% of Hamburg's homes, and 54.47% have either three or four bedrooms, which is average sized relative to America.

The housing in Hamburg was primarily built before 1939 ( 40.77%), making the housing stock in Hamburg some of the oldest overall in America, although there is a range of ages of homes in Hamburg. The next most important housing age is between 1970-1999 ( 28.72%), followed by between 1940-1969 ( 25.56%). There's also some housing in Hamburg built between 2000 and later ( 4.96%).

Hamburg Home Appreciation Rates

Real estate appreciation rates in Hamburg's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.28% during the period.

Over the last year, Hamburg appreciation rates have trailed the rest of the nation. In the last twelve months, Hamburg's appreciation rate has been 1.14%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Hamburg were at 1.25%, which equates to an annual appreciation rate of 5.09%.

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

Average Home Values

 

Median Home Value:
$137,159

Hamburg, PA HOME PRICES

Value Range
> $1,071,000 0.0
$803,001 - $1,071,000 0.0
$536,001 - $803,000 0.0
$429,001 - $536,000 0.6
$321,001 - $429,000 0.8
$214,001 - $321,000 9.5
$107,001 - $214,000 55.5
$53,001 - $107,000 32.2
$0 - $53,000 1.2

Average for PA
Average for Nation

Value Relative to Nation Value Relative to State
57.0943374128945 53.8164251207729

Number Of Homes And Apartments:
1,960

Rent & Ownership

 

Average Market Rent:
$831 / per month

Homeownership Rate

Homeownership
Owners 65.30
Renters 34.70
Vacant 4.76

Housing Market Details

 

Age of Homes

AGE OF Hamburg HOMES
2000 or Newer 5.0
1970 - 1999 28.7
1940 - 1969 25.6
1939 or Older 40.8

Types of Homes

TYPE OF Hamburg HOMES
Single-Family 39.1
Townhomes 36.3
Small Apt. Buildings 9.1
Apt. Complexes 14.4
Mobile Homes 1.1
Other 0.0

Home Size

SIZE OF Hamburg HOMES
No Bedroom 0.24
1 Bedroom 18.12
2 Bedrooms 24.39
3 Bedrooms 44.27
4 Bedrooms 10.20
5 or more bedrooms 2.77

Hamburg Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
39.99% 2.00% 4 5
* 10 is highest