Orwigsburg, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Orwigsburg Neighborhoods Since 2000




Orwigsburg, 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

Orwigsburg Housing Market Information

With a population of 3,002, 1,265 total housing units (homes and apartments), and a median house value of $136,836, house prices in Orwigsburg are solidly below the national average.

Single-family detached homes are the single most common housing type in Orwigsburg, accounting for 52.84% of the borough's housing units. Other types of housing that are prevalent in Orwigsburg include row houses and other attached homes ( 24.09%), duplexes, homes converted to apartments or other small apartment buildings ( 15.57%), and a few large apartment complexes or high rise apartments ( 5.31%).

The most prevalent building size and type in Orwigsburg are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 63.06% owning and 36.94% renting.

The housing in Orwigsburg was primarily built before 1939 ( 39.59%), making the housing stock in Orwigsburg some of the oldest overall in America, although there is a range of ages of homes in Orwigsburg. The next most important housing age is between 1970-1999 ( 31.59%), followed by between 1940-1969 ( 24.02%). There's also some housing in Orwigsburg built between 2000 and later ( 4.80%).

Orwigsburg Home Appreciation Rates

Orwigsburg's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Orwigsburg during the period has been just -1.19%, which is lower than 70% of US communities.

Over the last year, Orwigsburg appreciation rates have trailed the rest of the nation. In the last twelve months, Orwigsburg's appreciation rate has been 0.01%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Orwigsburg were at -1.59%, which equates to an annual appreciation rate of -6.20%.

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

Relative to Pennsylvania, our data show that Orwigsburg's latest annual appreciation rate is lower than 80% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$136,836

Orwigsburg, PA HOME PRICES

Value Range
> $1,012,000 3.2
$759,001 - $1,012,000 0.0
$506,001 - $759,000 0.7
$405,001 - $506,000 2.5
$304,001 - $405,000 3.4
$202,001 - $304,000 15.7
$101,001 - $202,000 43.8
$50,001 - $101,000 26.5
$0 - $50,000 4.3

Average for PA
Average for Nation

Value Relative to Nation Value Relative to State
56.3107933903668 52.0772946859903

Number Of Homes And Apartments:
1,265

Orwigsburg 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
24.84% 1.29% 2 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$816 / per month

Homeownership Rate

Homeownership
Owners 63.06
Renters 36.94
Vacant 7.93

Housing Market Details

 

Age of Homes

AGE OF Orwigsburg HOMES
2000 or Newer 4.8
1970 - 1999 31.6
1940 - 1969 24.0
1939 or Older 39.6

Types of Homes

TYPE OF Orwigsburg HOMES
Single-Family 52.8
Townhomes 24.1
Small Apt. Buildings 15.6
Apt. Complexes 5.3
Mobile Homes 2.2
Other 0.0

Home Size

SIZE OF Orwigsburg HOMES
No Bedroom 0.07
1 Bedroom 11.86
2 Bedrooms 24.53
3 Bedrooms 41.63
4 Bedrooms 16.74
5 or more bedrooms 5.17