Kutztown, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Kutztown Neighborhoods Since 2000




Kutztown, 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

Kutztown Housing Market Information

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.

Kutztown Home Appreciation Rates

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.

Average Home Values

 

Median Home Value:
$174,364

Kutztown 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
47.04% 2.26% 6 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,091 / per month

Homeownership Rate

Homeownership
Owners 59.05
Renters 40.95
Vacant 16.60

Housing Market Details

 

Age of Homes

AGE OF Kutztown HOMES
2000 or Newer 9.1
1970 - 1999 30.1
1940 - 1969 17.4
1939 or Older 43.3

Types of Homes

TYPE OF Kutztown HOMES
Single-Family 37.5
Townhomes 29.1
Small Apt. Buildings 15.0
Apt. Complexes 17.7
Mobile Homes 0.0
Other 0.7

Home Size

SIZE OF Kutztown HOMES
No Bedroom 3.31
1 Bedroom 15.47
2 Bedrooms 17.61
3 Bedrooms 34.68
4 Bedrooms 22.98
5 or more bedrooms 5.95