North East, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating North East Neighborhoods Since 2000




North East, 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 East Housing Market Information

With a population of 4,172, 1,735 total housing units (homes and apartments), and a median house value of $130,642, house prices in North East are solidly below the national average.

Single-family detached homes are the single most common housing type in North East, accounting for 60.15% of the borough's housing units. Other types of housing that are prevalent in North East include duplexes, homes converted to apartments or other small apartment buildings ( 22.08%), large apartment complexes or high rise apartments ( 13.78%), and a few row houses and other attached homes ( 3.54%).

The most prevalent building size and type in North East are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 51.19% owning and 48.81% renting.

The housing in North East was primarily built before 1939 ( 47.76%), making the housing stock in North East some of the oldest overall in America, although there is a range of ages of homes in North East. The next most important housing age is between 1970-1999 ( 27.45%), followed by between 1940-1969 ( 23.08%). There's also some housing in North East built between 2000 and later ( 1.72%).

North East Home Appreciation Rates

Appreciation rates for homes in North East have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 7.33%, which ranks in the top 40% nationwide. This equates to an annual average North East house appreciation rate of 0.71%.

Over the last year, North East appreciation rates have trailed the rest of the nation. In the last twelve months, North East's appreciation rate has been 2.93%, 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 East were at -3.90%, which equates to an annual appreciation rate of -14.73%.

Notably, North East's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Pennsylvania, our data show that North East's latest annual appreciation rate is higher than 60% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$130,642

North East, PA HOME PRICES

Value Range
> $1,094,000 0.0
$821,001 - $1,094,000 0.0
$547,001 - $821,000 0.0
$438,001 - $547,000 0.0
$328,001 - $438,000 1.0
$219,001 - $328,000 6.4
$109,001 - $219,000 60.4
$55,001 - $109,000 28.1
$0 - $55,000 4.1

Average for PA
Average for Nation

Value Relative to Nation Value Relative to State
59.4984179069495 55.4589371980676

Number Of Homes And Apartments:
1,735

North East 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
29.83% 1.52% 2 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$727 / per month

Homeownership Rate

Homeownership
Owners 51.19
Renters 48.81
Vacant 3.98

Housing Market Details

 

Age of Homes

AGE OF North East HOMES
2000 or Newer 1.7
1970 - 1999 27.4
1940 - 1969 23.1
1939 or Older 47.8

Types of Homes

TYPE OF North East HOMES
Single-Family 60.2
Townhomes 3.5
Small Apt. Buildings 22.1
Apt. Complexes 13.8
Mobile Homes 0.4
Other 0.0

Home Size

SIZE OF North East HOMES
No Bedroom 1.94
1 Bedroom 15.22
2 Bedrooms 25.73
3 Bedrooms 39.07
4 Bedrooms 16.16
5 or more bedrooms 1.88

Zip Codes in North East, PA