Jim Thorpe, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Jim Thorpe Neighborhoods Since 2000




Jim Thorpe, 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

Jim Thorpe Housing Market Information

With 4,641 people, 1,799 houses or apartments, and a median cost of homes of $129,711, house prices in Jim Thorpe are solidly below the national average.

Single-family detached homes are the single most common housing type in Jim Thorpe, accounting for 51.36% of the borough's housing units. Other types of housing that are prevalent in Jim Thorpe include row houses and other attached homes ( 34.41%), duplexes, homes converted to apartments or other small apartment buildings ( 8.59%), and a few large apartment complexes or high rise apartments ( 4.39%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Jim Thorpe. Owner-occupied housing accounts for 70.45% of Jim Thorpe's homes, and 72.66% have either three or four bedrooms, which is average sized relative to America.

The housing in Jim Thorpe was primarily built before 1939 ( 66.19%), making the housing stock in Jim Thorpe some of the oldest overall in America, although there is a range of ages of homes in Jim Thorpe. The next most important housing age is between 1970-1999 ( 17.55%), followed by between 1940-1969 ( 13.35%). There's also some housing in Jim Thorpe built between 2000 and later ( 2.91%).

Vacant housing appears to be an issue in Jim Thorpe. Fully 16.91% of the housing stock is classified as vacant. Left unchecked, vacant Jim Thorpe homes and apartments can be a drag on the real estate market, holding Jim Thorpe 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.

Jim Thorpe Home Appreciation Rates

Jim Thorpe's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Jim Thorpe during the period has been just -1.28%, which is lower than 70% of US communities.

Over the last year, Jim Thorpe appreciation rates have trailed the rest of the nation. In the last twelve months, Jim Thorpe's appreciation rate has been -1.65%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Jim Thorpe were at 0.88%, which equates to an annual appreciation rate of 3.57%.

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

Average Home Values

 

Median Home Value:
$129,711

Jim Thorpe, PA HOME PRICES

Value Range
> $984,000 0.0
$738,001 - $984,000 0.0
$492,001 - $738,000 0.0
$393,001 - $492,000 0.0
$295,001 - $393,000 4.2
$197,001 - $295,000 17.3
$99,001 - $197,000 45.6
$49,001 - $99,000 27.3
$0 - $49,000 5.5

Average for PA
Low for Nation

Value Relative to Nation Value Relative to State
60.0345716629556 56.1352657004831

Number Of Homes And Apartments:
1,799

Jim Thorpe 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
33.03% 1.67% 3 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$926 / per month

Homeownership Rate

Homeownership
Owners 70.45
Renters 29.55
Vacant 16.91

Housing Market Details

 

Age of Homes

AGE OF Jim Thorpe HOMES
2000 or Newer 2.9
1970 - 1999 17.6
1940 - 1969 13.3
1939 or Older 66.2

Types of Homes

TYPE OF Jim Thorpe HOMES
Single-Family 51.4
Townhomes 34.4
Small Apt. Buildings 8.6
Apt. Complexes 4.4
Mobile Homes 1.2
Other 0.0

Home Size

SIZE OF Jim Thorpe HOMES
No Bedroom 0.00
1 Bedroom 6.47
2 Bedrooms 18.61
3 Bedrooms 51.36
4 Bedrooms 21.29
5 or more bedrooms 2.26