Hummelstown, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Hummelstown, 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

Hummelstown Housing Market Information

With a population of 4,561, 1,937 total housing units (homes and apartments), and a median house value of $193,666, Hummelstown real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Hummelstown, accounting for 52.09% of the borough's housing units. Other types of housing that are prevalent in Hummelstown include duplexes, homes converted to apartments or other small apartment buildings ( 18.84%), large apartment complexes or high rise apartments ( 16.03%), and a few row houses and other attached homes ( 11.80%).

People in Hummelstown primarily live in small (one, two or no bedroom) single-family detached homes. Hummelstown 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. Hummelstown's housing was primarily built during this period, from the '40s through the '60s. A full 35.82% of the borough's housing hails from this era. Other housing ages represented in Hummelstown include homes built before 1939 ( 30.73%) and housing constructed between 1970-1999 ( 24.36%). There's also some housing in Hummelstown built between 2000 and later ( 9.09%).

Hummelstown Home Appreciation Rates

Appreciation rates for homes in Hummelstown have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 12.71%, which ranks in the top 30% nationwide. This equates to an annual average Hummelstown house appreciation rate of 1.20%.

Over the last year, Hummelstown appreciation rates have trailed the rest of the nation. In the last twelve months, Hummelstown's appreciation rate has been 2.61%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Hummelstown were at -0.92%, which equates to an annual appreciation rate of -3.65%.

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

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

Average Home Values

 

Median Home Value:
$193,666

Hummelstown, PA HOME PRICES

Value Range
> $1,071,000 0.0
$803,001 - $1,071,000 0.0
$535,001 - $803,000 0.0
$428,001 - $535,000 0.0
$321,001 - $428,000 4.1
$214,001 - $321,000 35.8
$107,001 - $214,000 43.4
$54,001 - $107,000 9.6
$0 - $54,000 7.0

High for PA
High for Nation

Value Relative to Nation Value Relative to State
33.8216336575647 21.6425120772947

Number Of Homes And Apartments:
1,937

Hummelstown 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
57.10% 2.65% 8 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$983 / per month

Homeownership Rate

Homeownership
Owners 54.72
Renters 45.28
Vacant 7.85

Housing Market Details

 

Age of Homes

AGE OF Hummelstown HOMES
2000 or Newer 9.1
1970 - 1999 24.4
1940 - 1969 35.8
1939 or Older 30.7

Types of Homes

TYPE OF Hummelstown HOMES
Single-Family 52.1
Townhomes 11.8
Small Apt. Buildings 18.8
Apt. Complexes 16.0
Mobile Homes 1.2
Other 0.0

Home Size

SIZE OF Hummelstown HOMES
No Bedroom 0.00
1 Bedroom 14.70
2 Bedrooms 35.16
3 Bedrooms 34.82
4 Bedrooms 13.65
5 or more bedrooms 1.67