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 a population of 5,028, 1,989 total housing units (homes and apartments), and a median house value of $174,364, Kutztown 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 Kutztown, accounting for 37.48% of the borough's housing units. Other types of housing that are prevalent in Kutztown include row houses and other attached homes ( 29.14%), large apartment complexes or high rise apartments ( 17.69%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 14.97%).
The most prevalent building size and type in Kutztown are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 59.05% owning and 40.95% renting.
The housing in Kutztown was primarily built before 1939 ( 43.31%), making the housing stock in Kutztown some of the oldest overall in America, although there is a range of ages of homes in Kutztown. The next most important housing age is between 1970-1999 ( 30.10%), followed by between 1940-1969 ( 17.44%). There's also some housing in Kutztown built between 2000 and later ( 9.14%).
Vacant housing appears to be an issue in Kutztown. Fully 16.60% of the housing stock is classified as vacant. Left unchecked, vacant Kutztown homes and apartments can be a drag on the real estate market, holding Kutztown 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.
Real estate appreciation rates in Kutztown's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.17% during the period.
Appreciation rates are so strong in Kutztown that despite a nationwide downturn in the housing market, Kutztown real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Kutztown appreciation rates continue to be some of the highest in America, at 7.83%, which is higher than appreciation rates in 85.89% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Kutztown. Kutztown appreciation rates in the latest quarter were at 1.28%, which equates to an annual appreciation rate of 5.21%.
Relative to Pennsylvania, our data show that Kutztown's latest annual appreciation rate is higher than 90% of the other cities and towns in Pennsylvania.
|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 Kutztown HOMES|
|2000 or Newer||9.1|
|1970 - 1999||30.1|
|1940 - 1969||17.4|
|1939 or Older||43.3|
|TYPE OF Kutztown HOMES|
|Small Apt. Buildings||15.0|
|SIZE OF Kutztown HOMES|
|5 or more bedrooms||5.95|