Hellertown, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Hellertown, PA Real Estate Data


Hellertown Housing Market Information

With a population of 5,824, 2,390 total housing units (homes and apartments), and a median house value of $188,939, Hellertown real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Hellertown, accounting for 62.40% of the borough's housing units. Other types of housing that are prevalent in Hellertown include row houses and other attached homes ( 17.84%), large apartment complexes or high rise apartments ( 11.64%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.50%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Hellertown. Owner-occupied housing accounts for 69.88% of Hellertown's homes, and 64.97% have either three or four bedrooms, which is average sized relative to America.

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. Hellertown's housing was primarily built during this period, from the '40s through the '60s. A full 49.27% of the borough's housing hails from this era. Other housing ages represented in Hellertown include homes built before 1939 ( 30.51%) and housing constructed between 1970-1999 ( 15.77%). There's also some housing in Hellertown built between 2000 and later ( 4.44%).

Hellertown Home Appreciation Rates

Hellertown's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Hellertown during the period has been just -1.47%, which is lower than 80% of US communities.

Over the last year, Hellertown appreciation rates have trailed the rest of the nation. In the last twelve months, Hellertown's appreciation rate has been 3.97%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Hellertown were at 1.92%, which equates to an annual appreciation rate of 7.90%.

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

Average Home Values

 

Median Home Value:
$188,939

Hellertown, PA HOME PRICES

Value Range
> $1,066,000 0.0
$799,001 - $1,066,000 0.0
$532,001 - $799,000 0.0
$426,001 - $532,000 0.8
$319,001 - $426,000 3.2
$213,001 - $319,000 22.5
$106,001 - $213,000 66.5
$53,001 - $106,000 4.8
$0 - $53,000 2.2

High for PA
High for Nation

Value Relative to Nation Value Relative to State
36.1538911986883 25.1207729468599

Number Of Homes And Apartments:
2,390

Rent & Ownership

 

Average Market Rent:
$1,034 / per month

Homeownership Rate

Homeownership
Owners 69.88
Renters 30.12
Vacant 8.50

Housing Market Details

 

Age of Homes

AGE OF Hellertown HOMES
2000 or Newer 4.4
1970 - 1999 15.8
1940 - 1969 49.3
1939 or Older 30.5

Types of Homes

TYPE OF Hellertown HOMES
Single-Family 62.4
Townhomes 17.8
Small Apt. Buildings 7.5
Apt. Complexes 11.6
Mobile Homes 0.6
Other 0.0

Home Size

SIZE OF Hellertown HOMES
No Bedroom 1.45
1 Bedroom 14.32
2 Bedrooms 17.53
3 Bedrooms 52.18
4 Bedrooms 12.79
5 or more bedrooms 1.72

Hellertown 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
40.57% 2.02% 4 5
* 10 is highest