North Braddock, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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North Braddock, 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

North Braddock Housing Market Information

With a population of 4,787, 2,231 total housing units (homes and apartments), and a median house value of $31,164, 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 61.05% of the borough's housing units. Other types of housing that are prevalent in North Braddock include duplexes, homes converted to apartments or other small apartment buildings ( 14.89%), large apartment complexes or high rise apartments ( 13.57%), and a few row houses and other attached homes ( 10.21%).

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 ( 48.82%), 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 ( 40.89%), followed by between 1970-1999 ( 9.76%).

Vacant housing appears to be an issue in North Braddock. Fully 22.75% 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 0.84%, which ranks in the top 50% nationwide. This equates to an annual average North Braddock house appreciation rate of 0.08%.

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 -0.20%, 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 -0.41%, which equates to an annual appreciation rate of -1.65%.

Relative to Pennsylvania, our data show that North Braddock's latest annual appreciation rate is lower than 80% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$31,164

North Braddock, PA HOME PRICES

Value Range
> $1,053,000 0.0
$790,001 - $1,053,000 0.0
$526,001 - $790,000 0.0
$421,001 - $526,000 0.0
$316,001 - $421,000 0.3
$211,001 - $316,000 0.0
$105,001 - $211,000 4.9
$53,001 - $105,000 21.3
$0 - $53,000 73.4

Very Low for PA
Very Low for Nation

Value Relative to Nation Value Relative to State
99.9765615844369 100.0

Number Of Homes And Apartments:
2,231

North Braddock 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
29.78% 1.52% 2 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$658 / per month

Homeownership Rate

Homeownership
Owners 49.30
Renters 50.70
Vacant 22.75

Housing Market Details

 

Age of Homes

AGE OF North Braddock HOMES
2000 or Newer 0.5
1970 - 1999 9.8
1940 - 1969 40.9
1939 or Older 48.8

Types of Homes

TYPE OF North Braddock HOMES
Single-Family 61.0
Townhomes 10.2
Small Apt. Buildings 14.9
Apt. Complexes 13.6
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF North Braddock HOMES
No Bedroom 0.66
1 Bedroom 20.88
2 Bedrooms 41.03
3 Bedrooms 26.18
4 Bedrooms 7.48
5 or more bedrooms 3.77

Popular Neighborhoods in North Braddock

Zip Codes in North Braddock, PA