Kane, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Kane, 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

Kane Housing Market Information

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.

Kane Home Appreciation Rates

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.

Average Home Values

 

Median Home Value:
$65,647

Kane, PA HOME PRICES

Value Range
> $1,015,000 0.1
$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

Very Low for PA
Very Low for Nation

Value Relative to Nation Value Relative to State
96.6014297433494 95.0724637681159

Number Of Homes And Apartments:
1,632

Kane 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
38.55% 1.91% 4 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$746 / per month

Homeownership Rate

Homeownership
Owners 61.82
Renters 38.18
Vacant 12.21

Housing Market Details

 

Age of Homes

AGE OF Kane HOMES
2000 or Newer 2.5
1970 - 1999 16.9
1940 - 1969 21.7
1939 or Older 58.9

Types of Homes

TYPE OF Kane HOMES
Single-Family 72.0
Townhomes 0.0
Small Apt. Buildings 11.9
Apt. Complexes 14.1
Mobile Homes 2.0
Other 0.0

Home Size

SIZE OF Kane HOMES
No Bedroom 0.59
1 Bedroom 14.31
2 Bedrooms 26.25
3 Bedrooms 41.58
4 Bedrooms 13.34
5 or more bedrooms 3.93

Popular Neighborhoods in Kane

Zip Codes in Kane, PA