Northampton, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Northampton, 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

Northampton Housing Market Information

With a population of 9,860, 4,183 total housing units (homes and apartments), and a median house value of $143,911, Northampton real estate and house prices are near the national average for all cities and towns.

Row houses and other attached homes are the single most common housing type in Northampton, accounting for 40.32% of the borough's housing units. Other types of housing that are prevalent in Northampton include single-family detached homes ( 37.71%), large apartment complexes or high rise apartments ( 13.28%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.38%). This particular housing mix is relatively uncommon and characteristic of boroughs that are compact and walkable, and which often have a lively downtown.

Owner-occupied, three and four bedroom dwellings, primarily in row houses and other attached homes are the most prevalent type of housing you will see in Northampton. Owner-occupied housing accounts for 68.30% of Northampton's homes, and 62.78% have either three or four bedrooms, which is average sized relative to America.

The housing in Northampton was primarily built before 1939 ( 36.37%), making the housing stock in Northampton some of the oldest overall in America, although there is a range of ages of homes in Northampton. The next most important housing age is between 1970-1999 ( 30.00%), followed by between 1940-1969 ( 27.98%). There's also some housing in Northampton built between 2000 and later ( 5.65%).

Northampton Home Appreciation Rates

Northampton's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Northampton during the period has been just -1.63%, which is lower than 80% of US communities.

Over the last year, Northampton appreciation rates have trailed the rest of the nation. In the last twelve months, Northampton's appreciation rate has been 3.06%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Northampton were at 0.88%, which equates to an annual appreciation rate of 3.57%.

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

Average Home Values

 

Median Home Value:
$143,911

Northampton, PA HOME PRICES

Value Range
> $1,028,000 0.7
$771,001 - $1,028,000 0.3
$514,001 - $771,000 0.6
$412,001 - $514,000 0.3
$309,001 - $412,000 1.8
$205,001 - $309,000 21.9
$103,001 - $205,000 62.9
$51,001 - $103,000 9.1
$0 - $51,000 2.4

Average for PA
Average for Nation

Value Relative to Nation Value Relative to State
52.8008906597914 48.2125603864734

Number Of Homes And Apartments:
4,183

Northampton 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
43.97% 2.13% 5 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,081 / per month

Homeownership Rate

Homeownership
Owners 68.30
Renters 31.70
Vacant 6.50

Housing Market Details

 

Age of Homes

AGE OF Northampton HOMES
2000 or Newer 5.7
1970 - 1999 30.0
1940 - 1969 28.0
1939 or Older 36.4

Types of Homes

TYPE OF Northampton HOMES
Single-Family 37.7
Townhomes 40.3
Small Apt. Buildings 8.4
Apt. Complexes 13.3
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Northampton HOMES
No Bedroom 5.63
1 Bedroom 9.75
2 Bedrooms 19.13
3 Bedrooms 50.16
4 Bedrooms 12.63
5 or more bedrooms 2.70