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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
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.
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.
|$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|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Northern Cambria HOMES|
|2000 or Newer||2.6|
|1970 - 1999||20.8|
|1940 - 1969||30.9|
|1939 or Older||45.8|
|TYPE OF Northern Cambria HOMES|
|Small Apt. Buildings||7.6|
|SIZE OF Northern Cambria HOMES|
|5 or more bedrooms||2.76|