North Braddock, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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North Braddock, PA Real Estate Data


North Braddock Housing Market Information

With 4,787 people, 2,170 houses or apartments, and a median cost of homes of $47,234, house prices in North Braddock are some of the most affordable in Pennsylvania as well as the nation.

Single-family detached homes are the single most common housing type in North Braddock, accounting for 61.66% of the borough's housing units. Other types of housing that are prevalent in North Braddock include large apartment complexes or high rise apartments ( 14.23%), duplexes, homes converted to apartments or other small apartment buildings ( 12.71%), and a few row houses and other attached homes ( 11.16%).

People in North Braddock primarily live in small (one, two or no bedroom) single-family detached homes. North Braddock has a mixture of owner-occupied and renter-occupied housing.

The housing in North Braddock was primarily built before 1939 ( 49.29%), making the housing stock in North Braddock some of the oldest overall in America, although there is a range of ages of homes in North Braddock. The next most important housing age is between 1940-1969 ( 41.41%), followed by between 1970-1999 ( 7.96%). There's also some housing in North Braddock built between 2000 and later ( 1.34%).

Vacant housing appears to be an issue in North Braddock. Fully 25.25% of the housing stock is classified as vacant. Left unchecked, vacant North Braddock homes and apartments can be a drag on the real estate market, holding North Braddock 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.

North Braddock Home Appreciation Rates

Appreciation rates for homes in North Braddock have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 15.21%, which ranks in the top 30% nationwide. This equates to an annual average North Braddock house appreciation rate of 1.43%.

Over the last year, North Braddock appreciation rates have trailed the rest of the nation. In the last twelve months, North Braddock's appreciation rate has been 1.07%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in North Braddock were at 2.53%, which equates to an annual appreciation rate of 10.50%.

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

Average Home Values

 

Median Home Value:
$47,234

North Braddock, PA HOME PRICES

Value Range
> $1,133,000 0.0
$849,001 - $1,133,000 0.0
$566,001 - $849,000 0.0
$453,001 - $566,000 0.0
$340,001 - $453,000 0.3
$227,001 - $340,000 0.0
$113,001 - $227,000 7.3
$57,001 - $113,000 24.8
$0 - $57,000 67.6

Very Low for PA
Very Low for Nation

Value Relative to Nation Value Relative to State
99.619371083914 99.0338164251208

Number Of Homes And Apartments:
2,170

Rent & Ownership

 

Average Market Rent:
$611 / per month

Homeownership Rate

Homeownership
Owners 53.68
Renters 46.32
Vacant 25.25

Housing Market Details

 

Age of Homes

AGE OF North Braddock HOMES
2000 or Newer 1.3
1970 - 1999 8.0
1940 - 1969 41.4
1939 or Older 49.3

Types of Homes

TYPE OF North Braddock HOMES
Single-Family 61.7
Townhomes 11.2
Small Apt. Buildings 12.7
Apt. Complexes 14.2
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF North Braddock HOMES
No Bedroom 0.65
1 Bedroom 20.84
2 Bedrooms 37.69
3 Bedrooms 29.59
4 Bedrooms 7.58
5 or more bedrooms 3.65

North Braddock 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
38.10% 1.92% 3 4
* 10 is highest

Popular Neighborhoods in North Braddock

Zip Codes in North Braddock, PA