Natrona Heights, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Natrona Heights, 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

Natrona Heights Housing Market Information

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.

Natrona Heights Home Appreciation Rates

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.

Average Home Values

 

Median Home Value:
$101,230

Natrona Heights, PA HOME PRICES

Value Range
> $1,058,000 0.0
$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

Low for PA
Low for Nation

Value Relative to Nation Value Relative to State
76.8311262158678 75.6521739130435

Number Of Homes And Apartments:
1,558

Natrona Heights 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
24.33% 1.27% 2 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$823 / per month

Homeownership Rate

Homeownership
Owners 67.49
Renters 32.51
Vacant 12.78

Housing Market Details

 

Age of Homes

AGE OF Natrona Heights HOMES
2000 or Newer 4.9
1970 - 1999 13.6
1940 - 1969 48.4
1939 or Older 33.2

Types of Homes

TYPE OF Natrona Heights HOMES
Single-Family 74.2
Townhomes 9.5
Small Apt. Buildings 4.8
Apt. Complexes 11.3
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Natrona Heights HOMES
No Bedroom 0.47
1 Bedroom 8.06
2 Bedrooms 44.16
3 Bedrooms 39.10
4 Bedrooms 6.51
5 or more bedrooms 1.70

Popular Neighborhoods in Natrona Heights

Zip Codes in Natrona Heights, PA