Northern Cambria, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Northern Cambria Neighborhoods Since 2000




Northern Cambria, 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

Northern Cambria Housing Market Information

With 3,658 people, 1,498 houses or apartments, and a median cost of homes of $63,765, house prices in Northern Cambria 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 Northern Cambria, accounting for 79.24% of the borough's housing units. Other types of housing that are prevalent in Northern Cambria include large apartment complexes or high rise apartments ( 7.76%), duplexes, homes converted to apartments or other small apartment buildings ( 7.65%), and a few mobile homes or trailers ( 3.12%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Northern Cambria. Owner-occupied housing accounts for 78.47% of Northern Cambria's homes, and 70.59% have either three or four bedrooms, which is average sized relative to America.

The housing in Northern Cambria was primarily built before 1939 ( 45.76%), making the housing stock in Northern Cambria some of the oldest overall in America, although there is a range of ages of homes in Northern Cambria. The next most important housing age is between 1940-1969 ( 30.88%), followed by between 1970-1999 ( 20.76%). There's also some housing in Northern Cambria built between 2000 and later ( 2.59%).

Vacant housing appears to be an issue in Northern Cambria. Fully 11.88% of the housing stock is classified as vacant. Left unchecked, vacant Northern Cambria homes and apartments can be a drag on the real estate market, holding Northern Cambria 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.

Northern Cambria Home Appreciation Rates

Real estate appreciation rates in Northern Cambria's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.28% during the period.

Over the last year, Northern Cambria appreciation rates have trailed the rest of the nation. In the last twelve months, Northern Cambria's appreciation rate has been -6.48%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Northern Cambria were at 4.18%, which equates to an annual appreciation rate of 17.80%.

Importantly, this makes Northern Cambria one of the highest appreciating communities in the nation for the latest quarter, and may signal the borough's near-future real estate investment strength.

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

Average Home Values

 

Median Home Value:
$63,765

Northern Cambria, PA HOME PRICES

Value Range
> $1,012,000 0.0
$759,001 - $1,012,000 0.0
$506,001 - $759,000 0.0
$405,001 - $506,000 0.0
$304,001 - $405,000 1.7
$202,001 - $304,000 1.9
$101,001 - $202,000 21.4
$51,001 - $101,000 35.8
$0 - $51,000 39.1

Very Low for PA
Very Low for Nation

Value Relative to Nation Value Relative to State
97.1463729051916 95.9420289855073

Number Of Homes And Apartments:
1,498

Northern Cambria 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
44.57% 2.16% 5 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$559 / per month

Homeownership Rate

Homeownership
Owners 78.47
Renters 21.53
Vacant 11.88

Housing Market Details

 

Age of Homes

AGE OF Northern Cambria HOMES
2000 or Newer 2.6
1970 - 1999 20.8
1940 - 1969 30.9
1939 or Older 45.8

Types of Homes

TYPE OF Northern Cambria HOMES
Single-Family 79.2
Townhomes 2.2
Small Apt. Buildings 7.6
Apt. Complexes 7.8
Mobile Homes 3.1
Other 0.0

Home Size

SIZE OF Northern Cambria HOMES
No Bedroom 0.94
1 Bedroom 3.65
2 Bedrooms 22.06
3 Bedrooms 48.88
4 Bedrooms 21.71
5 or more bedrooms 2.76

Popular Neighborhoods in Northern Cambria

Zip Codes in Northern Cambria, PA