Honey Brook, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Honey Brook, 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

Honey Brook Housing Market Information

With 1,758 people, 666 houses or apartments, and a median cost of homes of $210,770, Honey Brook real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Honey Brook, accounting for 47.66% of the borough's housing units. Other types of housing that are prevalent in Honey Brook include row houses and other attached homes ( 25.00%), duplexes, homes converted to apartments or other small apartment buildings ( 15.25%), and a few large apartment complexes or high rise apartments ( 6.59%).

The most prevalent building size and type in Honey Brook are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 63.36% owning and 36.64% renting.

The housing in Honey Brook was primarily built before 1939 ( 33.52%), making the housing stock in Honey Brook some of the oldest overall in America, although there is a range of ages of homes in Honey Brook. The next most important housing age is between 1970-1999 ( 27.88%), followed by between 1940-1969 ( 20.88%). There's also some housing in Honey Brook built between 2000 and later ( 17.72%).

Honey Brook Home Appreciation Rates

Honey Brook's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Honey Brook during the period has been just -1.32%, which is lower than 70% of US communities.

Over the last year, Honey Brook appreciation rates have trailed the rest of the nation. In the last twelve months, Honey Brook's appreciation rate has been 0.22%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Honey Brook were at 0.08%, which equates to an annual appreciation rate of 0.32%.

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

Average Home Values

 

Median Home Value:
$210,770

Honey Brook, PA HOME PRICES

Value Range
> $1,047,000 0.0
$785,001 - $1,047,000 0.0
$523,001 - $785,000 3.6
$419,001 - $523,000 0.0
$314,001 - $419,000 4.3
$209,001 - $314,000 43.1
$105,001 - $209,000 40.3
$52,001 - $105,000 1.4
$0 - $52,000 7.3

Very High for PA
High for Nation

Value Relative to Nation Value Relative to State
29.7199109340209 18.4541062801932

Number Of Homes And Apartments:
666

Honey Brook 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
49.28% 2.35% 7 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,143 / per month

Homeownership Rate

Homeownership
Owners 63.36
Renters 36.64
Vacant 8.52

Housing Market Details

 

Age of Homes

AGE OF Honey Brook HOMES
2000 or Newer 17.7
1970 - 1999 27.9
1940 - 1969 20.9
1939 or Older 33.5

Types of Homes

TYPE OF Honey Brook HOMES
Single-Family 47.7
Townhomes 25.0
Small Apt. Buildings 15.2
Apt. Complexes 6.6
Mobile Homes 5.5
Other 0.0

Home Size

SIZE OF Honey Brook HOMES
No Bedroom 0.00
1 Bedroom 8.79
2 Bedrooms 26.65
3 Bedrooms 46.29
4 Bedrooms 17.17
5 or more bedrooms 1.10