Temple, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Temple, 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

Temple Housing Market Information

With 1,899 people, 739 houses or apartments, and a median cost of homes of $148,617, Temple 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 Temple, accounting for 54.54% of the town's housing units. Other types of housing that are prevalent in Temple include row houses and other attached homes ( 17.69%), duplexes, homes converted to apartments or other small apartment buildings ( 17.46%), and a few large apartment complexes or high rise apartments ( 10.32%).

The most prevalent building size and type in Temple are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 64.68% owning and 35.32% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Temple's housing was primarily built during this period, from the '40s through the '60s. A full 34.24% of the town's housing hails from this era. Other housing ages represented in Temple include homes built before 1939 ( 27.89%) and housing constructed between 1970-1999 ( 24.94%). There's also some housing in Temple built between 2000 and later ( 12.93%).

Vacant housing appears to be an issue in Temple. Fully 16.21% of the housing stock is classified as vacant. Left unchecked, vacant Temple homes and apartments can be a drag on the real estate market, holding Temple 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.

Temple Home Appreciation Rates

Temple's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Temple during the period has been just -1.15%, which is lower than 70% of US communities.

Appreciation rates are so strong in Temple that despite a nationwide downturn in the housing market, Temple real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Temple appreciation rates continue to be some of the highest in America, at 7.13%, which is higher than appreciation rates in 81.99% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Temple. Temple appreciation rates in the latest quarter were at 1.28%, which equates to an annual appreciation rate of 5.21%.

Relative to Pennsylvania, our data show that Temple's latest annual appreciation rate is higher than 90% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$148,617

Temple, PA HOME PRICES

Value Range
> $1,068,000 0.0
$801,001 - $1,068,000 0.0
$534,001 - $801,000 0.1
$427,001 - $534,000 1.0
$321,001 - $427,000 2.2
$213,001 - $321,000 7.6
$107,001 - $213,000 66.9
$53,001 - $107,000 16.4
$0 - $53,000 5.8

Average for PA
Average for Nation

Value Relative to Nation Value Relative to State
50.6679948435486 45.7971014492754

Number Of Homes And Apartments:
739

Temple 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
37.39% 1.86% 4 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,263 / per month

Homeownership Rate

Homeownership
Owners 64.68
Renters 35.32
Vacant 16.21

Housing Market Details

 

Age of Homes

AGE OF Temple HOMES
2000 or Newer 12.9
1970 - 1999 24.9
1940 - 1969 34.2
1939 or Older 27.9

Types of Homes

TYPE OF Temple HOMES
Single-Family 54.5
Townhomes 17.7
Small Apt. Buildings 17.5
Apt. Complexes 10.3
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Temple HOMES
No Bedroom 0.00
1 Bedroom 14.06
2 Bedrooms 22.45
3 Bedrooms 32.54
4 Bedrooms 28.68
5 or more bedrooms 2.27