Northumberland, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Northumberland Neighborhoods Since 2000




Northumberland, 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

Northumberland Housing Market Information

With 3,728 people, 1,805 houses or apartments, and a median cost of homes of $135,689, house prices in Northumberland are solidly below the national average.

Single-family detached homes are the single most common housing type in Northumberland, accounting for 58.34% of the borough's housing units. Other types of housing that are prevalent in Northumberland include row houses and other attached homes ( 24.19%), duplexes, homes converted to apartments or other small apartment buildings ( 11.54%), and a few large apartment complexes or high rise apartments ( 5.93%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Northumberland. Owner-occupied housing accounts for 65.86% of Northumberland's homes, and 58.92% have either three or four bedrooms, which is average sized relative to America.

The housing in Northumberland was primarily built before 1939 ( 43.28%), making the housing stock in Northumberland some of the oldest overall in America, although there is a range of ages of homes in Northumberland. The next most important housing age is between 1940-1969 ( 33.95%), followed by between 1970-1999 ( 20.78%). There's also some housing in Northumberland built between 2000 and later ( 1.99%).

Northumberland Home Appreciation Rates

In the last 10 years, Northumberland has experienced some of the highest home appreciation rates of any community in the nation. Northumberland real estate appreciated 16.79% over the last ten years, which is an average annual home appreciation rate of 1.56%, putting Northumberland in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Northumberland definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Northumberland appreciation rates have trailed the rest of the nation. In the last twelve months, Northumberland's appreciation rate has been -2.96%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Northumberland were at -1.59%, which equates to an annual appreciation rate of -6.20%.

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

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

Average Home Values

 

Median Home Value:
$135,689

Northumberland, PA HOME PRICES

Value Range
> $1,028,000 0.0
$771,001 - $1,028,000 0.0
$514,001 - $771,000 0.0
$411,001 - $514,000 0.0
$309,001 - $411,000 3.3
$206,001 - $309,000 11.5
$103,001 - $206,000 49.7
$51,001 - $103,000 28.0
$0 - $51,000 7.4

Average for PA
Average for Nation

Value Relative to Nation Value Relative to State
56.8440173444275 52.8502415458937

Number Of Homes And Apartments:
1,805

Northumberland 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
72.96% 3.23% 10 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$870 / per month

Homeownership Rate

Homeownership
Owners 65.86
Renters 34.14
Vacant 5.30

Housing Market Details

 

Age of Homes

AGE OF Northumberland HOMES
2000 or Newer 2.0
1970 - 1999 20.8
1940 - 1969 33.9
1939 or Older 43.3

Types of Homes

TYPE OF Northumberland HOMES
Single-Family 58.3
Townhomes 24.2
Small Apt. Buildings 11.5
Apt. Complexes 5.9
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Northumberland HOMES
No Bedroom 0.42
1 Bedroom 8.55
2 Bedrooms 28.75
3 Bedrooms 45.91
4 Bedrooms 13.01
5 or more bedrooms 3.36

Popular Neighborhoods in Northumberland

Zip Codes in Northumberland, PA