Orefield, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Orefield Neighborhoods Since 2000




Orefield, 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

Orefield Housing Market Information

With a population of 10,852, 1,270 total housing units (homes and apartments), and a median house value of $299,236, Orefield real estate is some of the most expensive in Pennsylvania, although Orefield home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Orefield, accounting for 80.80% of the town's housing units. Other types of housing that are prevalent in Orefield include mobile homes or trailers ( 9.52%), large apartment complexes or high rise apartments ( 3.98%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.82%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Orefield. Owner-occupied housing accounts for 87.56% of Orefield's homes, and 72.18% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Orefield built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Orefield built between 1940-1969 ( 19.94%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.87%). There's also some housing in Orefield built before 1939 ( 7.52%).

Orefield Home Appreciation Rates

Real estate appreciation rates in Orefield's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.71% during the period.

NeighborhoodScout's data show that during the latest twelve months, Orefield's appreciation rate, at 3.42%, has been at or slightly above the national average. In the latest quarter, Orefield's appreciation rate has been 0.88%, which annualizes to a rate of 3.57%.

Relative to Pennsylvania, our data show that Orefield's latest annual appreciation rate is higher than 70% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$299,236

Orefield, PA HOME PRICES

Value Range
> $1,093,000 0.5
$820,001 - $1,093,000 0.7
$547,001 - $820,000 12.0
$437,001 - $547,000 8.4
$327,001 - $437,000 24.9
$218,001 - $327,000 23.2
$109,001 - $218,000 17.1
$55,001 - $109,000 4.1
$0 - $55,000 8.9

Very High for PA
Very High for Nation

Value Relative to Nation Value Relative to State
16.3482948552678 7.34299516908213

Number Of Homes And Apartments:
1,270

Orefield 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
41.97% 2.05% 5 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,230 / per month

Homeownership Rate

Homeownership
Owners 87.56
Renters 12.44
Vacant 6.53

Housing Market Details

 

Age of Homes

AGE OF Orefield HOMES
2000 or Newer 17.9
1970 - 1999 54.7
1940 - 1969 19.9
1939 or Older 7.5

Types of Homes

TYPE OF Orefield HOMES
Single-Family 80.8
Townhomes 1.9
Small Apt. Buildings 3.8
Apt. Complexes 4.0
Mobile Homes 9.5
Other 0.0

Home Size

SIZE OF Orefield HOMES
No Bedroom 0.21
1 Bedroom 2.80
2 Bedrooms 14.85
3 Bedrooms 37.29
4 Bedrooms 34.89
5 or more bedrooms 9.96