Pleasant Hills, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Pleasant Hills, PA Real Estate Data


Pleasant Hills Housing Market Information

With 8,252 people, 3,482 houses or apartments, and a median cost of homes of $171,366, Pleasant Hills 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 Pleasant Hills, accounting for 77.52% of the borough's housing units. Other types of housing that are prevalent in Pleasant Hills include large apartment complexes or high rise apartments ( 19.83%), duplexes, homes converted to apartments or other small apartment buildings ( 2.44%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Pleasant Hills. Owner-occupied housing accounts for 77.09% of Pleasant Hills's homes, and 69.36% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Pleasant Hills's housing was primarily built during this period, from the '40s through the '60s. A full 69.04% of the borough's housing hails from this era. Other housing ages represented in Pleasant Hills include homes built between 1970-1999 ( 20.82%) and housing constructed before 1939 ( 7.71%). There's also some housing in Pleasant Hills built between 2000 and later ( 2.44%).

Pleasant Hills Home Appreciation Rates

In the last 10 years, Pleasant Hills has experienced some of the highest home appreciation rates of any community in the nation. Pleasant Hills real estate appreciated 20.78% over the last ten years, which is an average annual home appreciation rate of 1.91%, putting Pleasant Hills in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Pleasant Hills definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Pleasant Hills's appreciation rate, at 4.39%, has been at or slightly above the national average. In the latest quarter, Pleasant Hills's appreciation rate has been 2.53%, which annualizes to a rate of 10.50%.

Relative to Pennsylvania, our data show that Pleasant Hills's latest annual appreciation rate is higher than 60% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$171,366

Pleasant Hills, PA HOME PRICES

Value Range
> $1,161,000 0.0
$871,001 - $1,161,000 0.0
$581,001 - $871,000 0.2
$465,001 - $581,000 0.2
$349,001 - $465,000 1.8
$232,001 - $349,000 12.8
$116,001 - $232,000 69.8
$58,001 - $116,000 12.8
$0 - $58,000 2.3

High for PA
Average for Nation

Value Relative to Nation Value Relative to State
42.1971072202377 34.1062801932367

Number Of Homes And Apartments:
3,482

Rent & Ownership

 

Average Market Rent:
$1,289 / per month

Homeownership Rate

Homeownership
Owners 77.09
Renters 22.91
Vacant 6.82

Housing Market Details

 

Age of Homes

AGE OF Pleasant Hills HOMES
2000 or Newer 2.4
1970 - 1999 20.8
1940 - 1969 69.0
1939 or Older 7.7

Types of Homes

TYPE OF Pleasant Hills HOMES
Single-Family 77.5
Townhomes 0.2
Small Apt. Buildings 2.4
Apt. Complexes 19.8
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Pleasant Hills HOMES
No Bedroom 3.48
1 Bedroom 9.82
2 Bedrooms 15.84
3 Bedrooms 51.43
4 Bedrooms 17.93
5 or more bedrooms 1.50

Pleasant Hills Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
49.78% 2.41% 6 6
* 10 is highest

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Zip Codes in Pleasant Hills, PA