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 10,450 people, 1,558 houses or apartments, and a median cost of homes of $101,230, house prices in Natrona Heights are solidly below the national average.
Single-family detached homes are the single most common housing type in Natrona Heights, accounting for 74.20% of the town's housing units. Other types of housing that are prevalent in Natrona Heights include large apartment complexes or high rise apartments ( 11.33%), row houses and other attached homes ( 9.47%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.81%).
Dwellings in Natrona Heights tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 52.69% of the homes in Natrona Heights have two or fewer bedrooms.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Natrona Heights's housing was primarily built during this period, from the '40s through the '60s. A full 48.36% of the town's housing hails from this era. Other housing ages represented in Natrona Heights include homes built before 1939 ( 33.21%) and housing constructed between 1970-1999 ( 13.56%). There's also some housing in Natrona Heights built between 2000 and later ( 4.87%).
Vacant housing appears to be an issue in Natrona Heights. Fully 12.78% of the housing stock is classified as vacant. Left unchecked, vacant Natrona Heights homes and apartments can be a drag on the real estate market, holding Natrona Heights 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 Natrona Heights have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 3.60%, which ranks in the top 50% nationwide. This equates to an annual average Natrona Heights house appreciation rate of 0.35%.
Over the last year, Natrona Heights appreciation rates have trailed the rest of the nation. In the last twelve months, Natrona Heights's appreciation rate has been 0.58%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Natrona Heights were at -0.41%, which equates to an annual appreciation rate of -1.65%.
Relative to Pennsylvania, our data show that Natrona Heights's latest annual appreciation rate is lower than 70% of the other cities and towns in Pennsylvania.
|$793,001 - $1,058,000||0.0|
|$528,001 - $793,000||0.9|
|$423,001 - $528,000||0.9|
|$317,001 - $423,000||1.5|
|$212,001 - $317,000||4.6|
|$106,001 - $212,000||30.7|
|$53,001 - $106,000||49.4|
|$0 - $53,000||12.1|
|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 Natrona Heights HOMES|
|2000 or Newer||4.9|
|1970 - 1999||13.6|
|1940 - 1969||48.4|
|1939 or Older||33.2|
|TYPE OF Natrona Heights HOMES|
|Small Apt. Buildings||4.8|
|SIZE OF Natrona Heights HOMES|
|5 or more bedrooms||1.70|