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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 5,832, 2,575 total housing units (homes and apartments), and a median house value of $82,719, house prices in Plymouth are some of the most affordable in Pennsylvania as well as the nation.
Single-family detached homes are the single most common housing type in Plymouth, accounting for 43.96% of the borough's housing units. Other types of housing that are prevalent in Plymouth include row houses and other attached homes ( 29.40%), duplexes, homes converted to apartments or other small apartment buildings ( 17.69%), and a few large apartment complexes or high rise apartments ( 7.48%).
The most prevalent building size and type in Plymouth are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 53.64% owning and 46.36% renting.
The housing in Plymouth was primarily built before 1939 ( 57.76%), making the housing stock in Plymouth some of the oldest overall in America, although there is a range of ages of homes in Plymouth. The next most important housing age is between 1940-1969 ( 28.93%), followed by between 1970-1999 ( 12.55%).
Vacant housing appears to be an issue in Plymouth. Fully 19.38% of the housing stock is classified as vacant. Left unchecked, vacant Plymouth homes and apartments can be a drag on the real estate market, holding Plymouth 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.
Real estate appreciation rates in Plymouth's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 0.02% during the period.
Appreciation rates are so strong in Plymouth that despite a nationwide downturn in the housing market, Plymouth real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Plymouth appreciation rates continue to be some of the highest in America, at 10.21%, which is higher than appreciation rates in 94.37% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Plymouth. Plymouth appreciation rates in the latest quarter were at 2.13%, which equates to an annual appreciation rate of 8.80%.
Importantly, this makes Plymouth one of the highest appreciating communities in the nation for the latest quarter, and may signal the borough's near-future real estate investment strength.
Relative to Pennsylvania, our data show that Plymouth's latest annual appreciation rate is higher than 90% of the other cities and towns in Pennsylvania.
|$793,001 - $1,058,000||0.3|
|$529,001 - $793,000||0.0|
|$423,001 - $529,000||0.0|
|$317,001 - $423,000||0.7|
|$212,001 - $317,000||3.1|
|$106,001 - $212,000||21.4|
|$53,001 - $106,000||53.6|
|$0 - $53,000||20.9|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Plymouth HOMES|
|2000 or Newer||0.8|
|1970 - 1999||12.6|
|1940 - 1969||28.9|
|1939 or Older||57.8|
|TYPE OF Plymouth HOMES|
|Small Apt. Buildings||17.7|
|SIZE OF Plymouth HOMES|
|5 or more bedrooms||2.41|