Hummelstown, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Hummelstown, PA Real Estate Data


Hummelstown Housing Market Information

With 4,561 people, 1,876 houses or apartments, and a median cost of homes of $184,871, 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 52.53% of the borough's housing units. Other types of housing that are prevalent in Hummelstown include large apartment complexes or high rise apartments ( 16.79%), duplexes, homes converted to apartments or other small apartment buildings ( 16.00%), and a few row houses and other attached homes ( 13.40%).

The most prevalent building size and type in Hummelstown are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 58.05% owning and 41.95% renting.

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 34.71% of the borough's housing hails from this era. Other housing ages represented in Hummelstown include homes built before 1939 ( 30.83%) and housing constructed between 1970-1999 ( 26.56%). There's also some housing in Hummelstown built between 2000 and later ( 7.90%).

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 11.07%, which ranks in the top 40% nationwide. This equates to an annual average Hummelstown house appreciation rate of 1.06%.

NeighborhoodScout's data show that during the latest twelve months, Hummelstown's appreciation rate, at 4.95%, has been at or slightly above the national average. In the latest quarter, Hummelstown's appreciation rate has been 2.01%, which annualizes to a rate of 8.30%.

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

Average Home Values

 

Median Home Value:
$184,871

Hummelstown, PA HOME PRICES

Value Range
> $1,097,000 0.0
$822,001 - $1,097,000 0.0
$548,001 - $822,000 0.0
$438,001 - $548,000 0.0
$329,001 - $438,000 2.7
$219,001 - $329,000 32.2
$109,001 - $219,000 45.1
$55,001 - $109,000 13.0
$0 - $55,000 6.9

High for PA
High for Nation

Value Relative to Nation Value Relative to State
37.530011126076 27.0531400966184

Number Of Homes And Apartments:
1,876

Rent & Ownership

 

Average Market Rent:
$918 / per month

Homeownership Rate

Homeownership
Owners 58.05
Renters 41.95
Vacant 7.90

Housing Market Details

 

Age of Homes

AGE OF Hummelstown HOMES
2000 or Newer 7.9
1970 - 1999 26.6
1940 - 1969 34.7
1939 or Older 30.8

Types of Homes

TYPE OF Hummelstown HOMES
Single-Family 52.5
Townhomes 13.4
Small Apt. Buildings 16.0
Apt. Complexes 16.8
Mobile Homes 1.3
Other 0.0

Home Size

SIZE OF Hummelstown HOMES
No Bedroom 0.00
1 Bedroom 16.35
2 Bedrooms 30.34
3 Bedrooms 35.00
4 Bedrooms 17.03
5 or more bedrooms 1.28

Hummelstown 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
56.80% 2.68% 7 7
* 10 is highest