Pen Argyl, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Pen Argyl, 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

Pen Argyl Housing Market Information

With 3,541 people, 1,346 houses or apartments, and a median cost of homes of $144,954, Pen Argyl 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 Pen Argyl, accounting for 40.59% of the borough's housing units. Other types of housing that are prevalent in Pen Argyl include row houses and other attached homes ( 33.48%), duplexes, homes converted to apartments or other small apartment buildings ( 15.43%), and a few large apartment complexes or high rise apartments ( 8.64%).

The most prevalent building size and type in Pen Argyl are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 55.31% owning and 44.69% renting.

The housing in Pen Argyl was primarily built before 1939 ( 72.15%), making the housing stock in Pen Argyl some of the oldest overall in America, although there is a range of ages of homes in Pen Argyl. The next most important housing age is between 1940-1969 ( 14.79%), followed by between 1970-1999 ( 8.90%). There's also some housing in Pen Argyl built between 2000 and later ( 4.16%).

Vacant housing appears to be an issue in Pen Argyl. Fully 13.83% of the housing stock is classified as vacant. Left unchecked, vacant Pen Argyl homes and apartments can be a drag on the real estate market, holding Pen Argyl 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.

Pen Argyl Home Appreciation Rates

Pen Argyl's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Pen Argyl during the period has been just -1.99%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Pen Argyl's appreciation rate, at 4.31%, has been at or slightly above the national average. In the latest quarter, Pen Argyl's appreciation rate has been 0.88%, which annualizes to a rate of 3.57%.

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

Average Home Values

 

Median Home Value:
$144,954

Pen Argyl, PA HOME PRICES

Value Range
> $1,035,000 0.6
$777,001 - $1,035,000 0.0
$517,001 - $777,000 0.0
$414,001 - $517,000 2.8
$310,001 - $414,000 1.8
$207,001 - $310,000 12.7
$104,001 - $207,000 59.2
$52,001 - $104,000 20.2
$0 - $52,000 2.7

Average for PA
Average for Nation

Value Relative to Nation Value Relative to State
52.1856322512598 47.7294685990338

Number Of Homes And Apartments:
1,346

Pen Argyl 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
43.85% 2.13% 5 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,059 / per month

Homeownership Rate

Homeownership
Owners 55.31
Renters 44.69
Vacant 13.83

Housing Market Details

 

Age of Homes

AGE OF Pen Argyl HOMES
2000 or Newer 4.2
1970 - 1999 8.9
1940 - 1969 14.8
1939 or Older 72.2

Types of Homes

TYPE OF Pen Argyl HOMES
Single-Family 40.6
Townhomes 33.5
Small Apt. Buildings 15.4
Apt. Complexes 8.6
Mobile Homes 0.0
Other 1.9

Home Size

SIZE OF Pen Argyl HOMES
No Bedroom 2.37
1 Bedroom 6.79
2 Bedrooms 32.20
3 Bedrooms 39.95
4 Bedrooms 16.33
5 or more bedrooms 2.37

Popular Neighborhoods in Pen Argyl

Zip Codes in Pen Argyl, PA