Quakertown, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Quakertown, 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

Quakertown Housing Market Information

With a population of 8,855, 3,565 total housing units (homes and apartments), and a median house value of $183,377, Quakertown real estate prices are well above average cost compared to national prices.

Row houses and other attached homes are the single most common housing type in Quakertown, accounting for 33.93% of the borough's housing units. Other types of housing that are prevalent in Quakertown include single-family detached homes ( 31.42%), large apartment complexes or high rise apartments ( 20.95%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 13.70%). This particular housing mix is relatively uncommon and characteristic of boroughs that are compact and walkable, and which often have a lively downtown.

The most prevalent building size and type in Quakertown are three and four bedroom dwellings, chiefly found in row houses and other attached homes. The borough has a mixture of owners and renters, with 53.60% owning and 46.40% renting.

The housing in Quakertown was primarily built before 1939 ( 38.38%), making the housing stock in Quakertown some of the oldest overall in America, although there is a range of ages of homes in Quakertown. The next most important housing age is between 1970-1999 ( 34.92%), followed by between 1940-1969 ( 25.32%). There's also some housing in Quakertown built between 2000 and later ( 1.38%).

Quakertown Home Appreciation Rates

Quakertown's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Quakertown during the period has been just -1.95%, which is lower than 80% of US communities.

Over the last year, Quakertown appreciation rates have trailed the rest of the nation. In the last twelve months, Quakertown's appreciation rate has been 1.15%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Quakertown were at 0.08%, which equates to an annual appreciation rate of 0.32%.

Relative to Pennsylvania, our data show that Quakertown's latest annual appreciation rate is lower than 70% 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 Quakertown differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Quakertown - 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 Quakertown real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$183,377

Quakertown, PA HOME PRICES

Value Range
> $1,033,000 0.0
$775,001 - $1,033,000 0.4
$517,001 - $775,000 0.0
$413,001 - $517,000 1.9
$310,001 - $413,000 8.1
$207,001 - $310,000 26.1
$103,001 - $207,000 58.0
$51,001 - $103,000 2.3
$0 - $51,000 3.1

High for PA
High for Nation

Value Relative to Nation Value Relative to State
36.9565217391304 25.6038647342995

Number Of Homes And Apartments:
3,565

Quakertown 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
40.35% 1.98% 4 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,110 / per month

Homeownership Rate

Homeownership
Owners 53.60
Renters 46.40
Vacant 3.86

Housing Market Details

 

Age of Homes

AGE OF Quakertown HOMES
2000 or Newer 1.4
1970 - 1999 34.9
1940 - 1969 25.3
1939 or Older 38.4

Types of Homes

TYPE OF Quakertown HOMES
Single-Family 31.4
Townhomes 33.9
Small Apt. Buildings 13.7
Apt. Complexes 21.0
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Quakertown HOMES
No Bedroom 3.96
1 Bedroom 17.93
2 Bedrooms 19.23
3 Bedrooms 42.91
4 Bedrooms 12.94
5 or more bedrooms 3.02