Olyphant, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Olyphant Neighborhoods Since 2000




Olyphant, 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

Olyphant Housing Market Information

With a population of 5,111, 2,242 total housing units (homes and apartments), and a median house value of $162,201, Olyphant real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Olyphant, accounting for 60.85% of the borough's housing units. Other types of housing that are prevalent in Olyphant include duplexes, homes converted to apartments or other small apartment buildings ( 21.26%), large apartment complexes or high rise apartments ( 12.52%), and a few row houses and other attached homes ( 5.38%).

The most prevalent building size and type in Olyphant are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 58.37% owning and 41.63% renting.

The housing in Olyphant was primarily built before 1939 ( 41.49%), making the housing stock in Olyphant some of the oldest overall in America, although there is a range of ages of homes in Olyphant. The next most important housing age is between 1940-1969 ( 29.75%), followed by between 1970-1999 ( 17.36%). There's also some housing in Olyphant built between 2000 and later ( 11.41%).

Olyphant Home Appreciation Rates

Appreciation rates for homes in Olyphant have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 6.43%, which ranks in the top 40% nationwide. This equates to an annual average Olyphant house appreciation rate of 0.62%.

Appreciation rates are so strong in Olyphant that despite a nationwide downturn in the housing market, Olyphant real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Olyphant appreciation rates continue to be some of the highest in America, at 8.12%, which is higher than appreciation rates in 87.35% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Olyphant. Olyphant appreciation rates in the latest quarter were at 2.13%, which equates to an annual appreciation rate of 8.80%.

Importantly, this makes Olyphant 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 Olyphant's latest annual appreciation rate is higher than 90% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$162,201

Olyphant, PA HOME PRICES

Value Range
> $1,084,000 0.0
$812,001 - $1,084,000 0.0
$541,001 - $812,000 0.0
$433,001 - $541,000 2.3
$325,001 - $433,000 7.0
$217,001 - $325,000 21.2
$108,001 - $217,000 41.5
$54,001 - $108,000 22.7
$0 - $54,000 5.3

High for PA
Average for Nation

Value Relative to Nation Value Relative to State
44.7263564983007 37.8743961352657

Number Of Homes And Apartments:
2,242

Olyphant 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
32.41% 1.64% 3 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$865 / per month

Homeownership Rate

Homeownership
Owners 58.37
Renters 41.63
Vacant 8.00

Housing Market Details

 

Age of Homes

AGE OF Olyphant HOMES
2000 or Newer 11.4
1970 - 1999 17.4
1940 - 1969 29.7
1939 or Older 41.5

Types of Homes

TYPE OF Olyphant HOMES
Single-Family 60.9
Townhomes 5.4
Small Apt. Buildings 21.3
Apt. Complexes 12.5
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Olyphant HOMES
No Bedroom 3.98
1 Bedroom 14.40
2 Bedrooms 19.57
3 Bedrooms 36.27
4 Bedrooms 22.53
5 or more bedrooms 3.24