Tamaqua, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Tamaqua Neighborhoods Since 2000




Tamaqua, 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

Tamaqua Housing Market Information

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.

Tamaqua Home Appreciation Rates

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.

Average Home Values

 

Median Home Value:
$69,635

Tamaqua, PA HOME PRICES

Value Range
> $1,100,000 0.5
$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

Very Low for PA
Very Low for Nation

Value Relative to Nation Value Relative to State
95.4060705496309 94.3961352657005

Number Of Homes And Apartments:
2,939

Tamaqua 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
20.29% 1.08% 1 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$808 / per month

Homeownership Rate

Homeownership
Owners 58.29
Renters 41.71
Vacant 13.64

Housing Market Details

 

Age of Homes

AGE OF Tamaqua HOMES
2000 or Newer 2.5
1970 - 1999 8.7
1940 - 1969 19.7
1939 or Older 69.1

Types of Homes

TYPE OF Tamaqua HOMES
Single-Family 29.8
Townhomes 45.3
Small Apt. Buildings 13.6
Apt. Complexes 11.2
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Tamaqua HOMES
No Bedroom 2.17
1 Bedroom 16.10
2 Bedrooms 21.30
3 Bedrooms 43.05
4 Bedrooms 13.22
5 or more bedrooms 4.14