Hawley, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Lowest

Highest Appreciating Hawley Neighborhoods Since 2000




Hawley, 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

Hawley Housing Market Information

With a population of 1,152, 543 total housing units (homes and apartments), and a median house value of $191,849, Hawley real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Hawley, accounting for 56.67% of the borough's housing units. Other types of housing that are prevalent in Hawley include duplexes, homes converted to apartments or other small apartment buildings ( 18.89%), large apartment complexes or high rise apartments ( 18.14%), and a few row houses and other attached homes ( 4.05%).

The most prevalent building size and type in Hawley are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 53.95% owning and 46.05% renting.

The housing in Hawley was primarily built before 1939 ( 65.22%), making the housing stock in Hawley some of the oldest overall in America, although there is a range of ages of homes in Hawley. The next most important housing age is between 1970-1999 ( 22.79%), followed by between 1940-1969 ( 8.10%). There's also some housing in Hawley built between 2000 and later ( 3.90%).

Vacant housing appears to be an issue in Hawley. Fully 18.59% of the housing stock is classified as vacant. Left unchecked, vacant Hawley homes and apartments can be a drag on the real estate market, holding Hawley 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.

Hawley Home Appreciation Rates

Real estate appreciation rates in Hawley's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.46% during the period.

Over the last year, Hawley appreciation rates have trailed the rest of the nation. In the last twelve months, Hawley's appreciation rate has been 0.15%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Hawley were at -1.59%, which equates to an annual appreciation rate of -6.20%.

Notably, Hawley's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Pennsylvania, our data show that Hawley's latest annual appreciation rate is lower than 80% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$191,849

Hawley, PA HOME PRICES

Value Range
> $1,034,000 0.8
$775,001 - $1,034,000 2.0
$517,001 - $775,000 5.3
$414,001 - $517,000 3.3
$310,001 - $414,000 11.8
$207,001 - $310,000 18.1
$103,001 - $207,000 44.7
$52,001 - $103,000 9.7
$0 - $52,000 4.3

High for PA
High for Nation

Value Relative to Nation Value Relative to State
34.3489980077347 22.4154589371981

Number Of Homes And Apartments:
543

Hawley 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
46.99% 2.26% 6 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$942 / per month

Homeownership Rate

Homeownership
Owners 53.95
Renters 46.05
Vacant 18.59

Housing Market Details

 

Age of Homes

AGE OF Hawley HOMES
2000 or Newer 3.9
1970 - 1999 22.8
1940 - 1969 8.1
1939 or Older 65.2

Types of Homes

TYPE OF Hawley HOMES
Single-Family 56.7
Townhomes 4.0
Small Apt. Buildings 18.9
Apt. Complexes 18.1
Mobile Homes 1.8
Other 0.4

Home Size

SIZE OF Hawley HOMES
No Bedroom 5.10
1 Bedroom 13.64
2 Bedrooms 20.84
3 Bedrooms 37.33
4 Bedrooms 17.24
5 or more bedrooms 5.85