Plum, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Plum, 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

Plum Housing Market Information

With 27,505 people, 11,062 houses or apartments, and a median cost of homes of $149,103, Plum 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 Plum, accounting for 78.36% of the borough's housing units. Other types of housing that are prevalent in Plum include row houses and other attached homes ( 9.80%), large apartment complexes or high rise apartments ( 8.45%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.05%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Plum. Owner-occupied housing accounts for 80.54% of Plum's homes, and 69.60% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Plum 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 Plum built between 1940-1969 ( 38.72%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.32%). There's also some housing in Plum built before 1939 ( 7.41%).

Plum Home Appreciation Rates

Appreciation rates for homes in Plum have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 12.88%, which ranks in the top 30% nationwide. This equates to an annual average Plum house appreciation rate of 1.22%.

Over the last year, Plum appreciation rates have trailed the rest of the nation. In the last twelve months, Plum's appreciation rate has been 1.36%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Plum were at -0.41%, which equates to an annual appreciation rate of -1.65%.

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

One very important thing to keep in mind is that these are average appreciation rates for the borough. Individual neighborhoods within Plum differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Plum - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Plum real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$149,103

Plum, PA HOME PRICES

Value Range
> $1,079,000 0.1
$810,001 - $1,079,000 0.0
$539,001 - $810,000 0.1
$432,001 - $539,000 0.6
$323,001 - $432,000 3.2
$216,001 - $323,000 15.7
$108,001 - $216,000 62.1
$54,001 - $108,000 15.4
$0 - $54,000 2.8

Average for PA
Average for Nation

Value Relative to Nation Value Relative to State
50.4101722723544 45.2173913043478

Number Of Homes And Apartments:
11,062

Plum 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
40.25% 1.98% 4 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,071 / per month

Homeownership Rate

Homeownership
Owners 80.54
Renters 19.46
Vacant 4.74

Housing Market Details

 

Age of Homes

AGE OF Plum HOMES
2000 or Newer 9.3
1970 - 1999 44.5
1940 - 1969 38.7
1939 or Older 7.4

Types of Homes

TYPE OF Plum HOMES
Single-Family 78.4
Townhomes 9.8
Small Apt. Buildings 2.0
Apt. Complexes 8.4
Mobile Homes 1.3
Other 0.0

Home Size

SIZE OF Plum HOMES
No Bedroom 0.26
1 Bedroom 7.51
2 Bedrooms 20.72
3 Bedrooms 50.48
4 Bedrooms 19.12
5 or more bedrooms 1.91