Hatfield, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Hatfield Neighborhoods Since 2000




Hatfield, 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

Hatfield Housing Market Information

With a population of 3,306, 1,252 total housing units (homes and apartments), and a median house value of $268,311, Hatfield real estate is some of the most expensive in Pennsylvania, although Hatfield home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Hatfield, accounting for 34.19% of the borough's housing units. Other types of housing that are prevalent in Hatfield include duplexes, homes converted to apartments or other small apartment buildings ( 24.36%), large apartment complexes or high rise apartments ( 20.77%), and a few row houses and other attached homes ( 20.69%).

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

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. Hatfield's housing was primarily built during this period, from the '40s through the '60s. A full 30.29% of the borough's housing hails from this era. Other housing ages represented in Hatfield include homes built before 1939 ( 29.51%) and housing constructed between 1970-1999 ( 27.32%). There's also some housing in Hatfield built between 2000 and later ( 12.88%).

Hatfield Home Appreciation Rates

Hatfield's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Hatfield during the period has been just -0.84%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Hatfield's appreciation rate, at 3.32%, has been at or slightly above the national average. In the latest quarter, Hatfield's appreciation rate has been 0.08%, which annualizes to a rate of 0.32%.

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

One very important thing to keep in mind is that these are average appreciation rates for the borough. Individual neighborhoods within Hatfield differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Hatfield - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Hatfield real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$268,311

Hatfield, PA HOME PRICES

Value Range
> $1,067,000 0.0
$800,001 - $1,067,000 0.0
$533,001 - $800,000 1.8
$427,001 - $533,000 0.0
$320,001 - $427,000 11.8
$214,001 - $320,000 65.9
$107,001 - $214,000 17.9
$53,001 - $107,000 1.6
$0 - $53,000 1.0

Very High for PA
Very High for Nation

Value Relative to Nation Value Relative to State
19.9929684753311 9.56521739130435

Number Of Homes And Apartments:
1,252

Hatfield 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
61.46% 2.82% 9 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,223 / per month

Homeownership Rate

Homeownership
Owners 49.44
Renters 50.56
Vacant 2.26

Housing Market Details

 

Age of Homes

AGE OF Hatfield HOMES
2000 or Newer 12.9
1970 - 1999 27.3
1940 - 1969 30.3
1939 or Older 29.5

Types of Homes

TYPE OF Hatfield HOMES
Single-Family 34.2
Townhomes 20.7
Small Apt. Buildings 24.4
Apt. Complexes 20.8
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Hatfield HOMES
No Bedroom 5.39
1 Bedroom 20.22
2 Bedrooms 26.39
3 Bedrooms 29.98
4 Bedrooms 14.60
5 or more bedrooms 3.43