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 6,829, 2,939 total housing units (homes and apartments), and a median house value of $69,635, house prices in Tamaqua are some of the most affordable in Pennsylvania as well as the nation.
Row houses and other attached homes are the single most common housing type in Tamaqua, accounting for 45.34% of the borough's housing units. Other types of housing that are prevalent in Tamaqua include single-family detached homes ( 29.83%), duplexes, homes converted to apartments or other small apartment buildings ( 13.64%), and a few large apartment complexes or high rise apartments ( 11.20%). Boroughs that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of boroughs are often walkable and compact, and often have a lively downtown.
The most prevalent building size and type in Tamaqua 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 58.29% owning and 41.71% renting.
The housing in Tamaqua was primarily built before 1939 ( 69.06%), making the housing stock in Tamaqua some of the oldest overall in America, although there is a range of ages of homes in Tamaqua. The next most important housing age is between 1940-1969 ( 19.69%), followed by between 1970-1999 ( 8.73%). There's also some housing in Tamaqua built between 2000 and later ( 2.53%).
Vacant housing appears to be an issue in Tamaqua. Fully 13.64% of the housing stock is classified as vacant. Left unchecked, vacant Tamaqua homes and apartments can be a drag on the real estate market, holding Tamaqua 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 Tamaqua's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.60% during the period.
Appreciation rates are so strong in Tamaqua that despite a nationwide downturn in the housing market, Tamaqua real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Tamaqua appreciation rates continue to be some of the highest in America, at 13.73%, which is higher than appreciation rates in 98.90% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Tamaqua. Tamaqua appreciation rates in the latest quarter were at -1.59%, which equates to an annual appreciation rate of -6.20%.
Notably, Tamaqua's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Pennsylvania, our data show that Tamaqua's latest annual appreciation rate is higher than 90% of the other cities and towns in Pennsylvania.
|$825,001 - $1,100,000||0.0|
|$550,001 - $825,000||0.0|
|$440,001 - $550,000||0.7|
|$330,001 - $440,000||0.7|
|$220,001 - $330,000||1.9|
|$110,001 - $220,000||10.6|
|$55,001 - $110,000||48.5|
|$0 - $55,000||37.2|
|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 Tamaqua HOMES|
|2000 or Newer||2.5|
|1970 - 1999||8.7|
|1940 - 1969||19.7|
|1939 or Older||69.1|
|TYPE OF Tamaqua HOMES|
|Small Apt. Buildings||13.6|
|SIZE OF Tamaqua HOMES|
|5 or more bedrooms||4.14|