Kunkletown, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Kunkletown Neighborhoods Since 2000




Kunkletown, PA Real Estate Data


Kunkletown Housing Market Information

With 10,544 people, 2,392 houses or apartments, and a median cost of homes of $161,572, Kunkletown real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Kunkletown, accounting for 86.89% of the town's housing units. Other types of housing that are prevalent in Kunkletown include mobile homes or trailers ( 5.61%), large apartment complexes or high rise apartments ( 3.48%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.25%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Kunkletown. Owner-occupied housing accounts for 81.94% of Kunkletown's homes, and 70.50% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Kunkletown built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Kunkletown built between 1940-1969 ( 20.04%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.43%). There's also some housing in Kunkletown built before 1939 ( 9.12%).

Vacant housing appears to be an issue in Kunkletown. Fully 12.79% of the housing stock is classified as vacant. Left unchecked, vacant Kunkletown homes and apartments can be a drag on the real estate market, holding Kunkletown 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.

Kunkletown Home Appreciation Rates

Homes have actually lost value in Kunkletown over the last then years, as home values have seen a decline of 27.40% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Kunkletown home appreciation rates at -10.15%, which equates to an annual appreciation rate of -34.84%.

Appreciation rates are so strong in Kunkletown that despite a nationwide downturn in the housing market, Kunkletown real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Kunkletown appreciation rates continue to be some of the highest in America, at 7.53%, which is higher than appreciation rates in 88.76% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Kunkletown. Kunkletown appreciation rates in the latest quarter were at -10.15%, which equates to an annual appreciation rate of -34.84%.

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

Relative to Pennsylvania, our data show that Kunkletown's latest annual appreciation rate is higher than 90% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$161,572

Kunkletown, PA HOME PRICES

Value Range
> $913,000 0.1
$685,001 - $913,000 0.6
$457,001 - $685,000 1.6
$365,001 - $457,000 4.1
$274,001 - $365,000 8.0
$183,001 - $274,000 23.6
$92,001 - $183,000 44.4
$46,001 - $92,000 13.7
$0 - $46,000 3.9

Average for PA
Average for Nation

Value Relative to Nation Value Relative to State
46.1029454822276 40.0966183574879

Number Of Homes And Apartments:
2,392

Rent & Ownership

 

Average Market Rent:
$1,096 / per month

Homeownership Rate

Homeownership
Owners 81.94
Renters 18.06
Vacant 12.79

Housing Market Details

 

Age of Homes

AGE OF Kunkletown HOMES
2000 or Newer 14.4
1970 - 1999 56.4
1940 - 1969 20.0
1939 or Older 9.1

Types of Homes

TYPE OF Kunkletown HOMES
Single-Family 86.9
Townhomes 1.8
Small Apt. Buildings 2.3
Apt. Complexes 3.5
Mobile Homes 5.6
Other 0.0

Home Size

SIZE OF Kunkletown HOMES
No Bedroom 3.34
1 Bedroom 5.53
2 Bedrooms 16.53
3 Bedrooms 54.22
4 Bedrooms 16.29
5 or more bedrooms 4.09

Kunkletown 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
21.11% 1.13% 1 2
* 10 is highest