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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 3,610 people, 1,632 houses or apartments, and a median cost of homes of $65,647, house prices in Kane are some of the most affordable in Pennsylvania as well as the nation.
Single-family detached homes are the single most common housing type in Kane, accounting for 71.97% of the borough's housing units. Other types of housing that are prevalent in Kane include large apartment complexes or high rise apartments ( 14.09%), duplexes, homes converted to apartments or other small apartment buildings ( 11.94%), and a few mobile homes or trailers ( 1.99%).
The most prevalent building size and type in Kane are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 61.82% owning and 38.18% renting.
The housing in Kane was primarily built before 1939 ( 58.90%), making the housing stock in Kane some of the oldest overall in America, although there is a range of ages of homes in Kane. The next most important housing age is between 1940-1969 ( 21.68%), followed by between 1970-1999 ( 16.89%). There's also some housing in Kane built between 2000 and later ( 2.53%).
Vacant housing appears to be an issue in Kane. Fully 12.21% of the housing stock is classified as vacant. Left unchecked, vacant Kane homes and apartments can be a drag on the real estate market, holding Kane 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.
Appreciation rates for homes in Kane have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 5.15%, which ranks in the top 40% nationwide. This equates to an annual average Kane house appreciation rate of 0.50%.
Over the last year, Kane appreciation rates have trailed the rest of the nation. In the last twelve months, Kane's appreciation rate has been 1.67%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Kane were at -1.59%, which equates to an annual appreciation rate of -6.20%.
Notably, Kane's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Pennsylvania, our data show that Kane's latest annual appreciation rate is lower than 60% of the other cities and towns in Pennsylvania.
|$761,001 - $1,015,000||0.0|
|$507,001 - $761,000||0.2|
|$406,001 - $507,000||1.2|
|$304,001 - $406,000||1.4|
|$203,001 - $304,000||6.1|
|$101,001 - $203,000||23.2|
|$51,001 - $101,000||34.8|
|$0 - $51,000||33.1|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Kane HOMES|
|2000 or Newer||2.5|
|1970 - 1999||16.9|
|1940 - 1969||21.7|
|1939 or Older||58.9|
|TYPE OF Kane HOMES|
|Small Apt. Buildings||11.9|
|SIZE OF Kane HOMES|
|5 or more bedrooms||3.93|