Tobyhanna, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Tobyhanna, 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

Tobyhanna Housing Market Information

With a population of 15,784, 1,816 total housing units (homes and apartments), and a median house value of $131,885, house prices in Tobyhanna are solidly below the national average.

Single-family detached homes are the single most common housing type in Tobyhanna, accounting for 93.16% of the town's housing units. Other types of housing that are prevalent in Tobyhanna include row houses and other attached homes ( 4.82%), mobile homes or trailers ( 1.11%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Tobyhanna. Owner-occupied housing accounts for 77.42% of Tobyhanna's homes, and 82.57% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Tobyhanna built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Tobyhanna built between 2000 and later ( 20.77%). A lesser amount of the housing stock also hails from between 1940-1969 ( 6.54%). There's also some housing in Tobyhanna built before 1939 ( 2.86%).

Vacant housing appears to be an issue in Tobyhanna. Fully 34.15% of the housing stock is classified as vacant. Left unchecked, vacant Tobyhanna homes and apartments can be a drag on the real estate market, holding Tobyhanna 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.

Tobyhanna Home Appreciation Rates

Homes have actually lost value in Tobyhanna over the last then years, as home values have seen a decline of 31.44% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Tobyhanna home appreciation rates at -0.11%, which equates to an annual appreciation rate of -0.43%.

Over the last year, Tobyhanna appreciation rates have trailed the rest of the nation. In the last twelve months, Tobyhanna's appreciation rate has been -4.28%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Tobyhanna were at -0.11%, which equates to an annual appreciation rate of -0.43%.

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

Average Home Values

 

Median Home Value:
$131,885

Tobyhanna, PA HOME PRICES

Value Range
> $997,000 0.0
$747,001 - $997,000 0.0
$498,001 - $747,000 0.1
$399,001 - $498,000 1.9
$299,001 - $399,000 2.7
$199,001 - $299,000 16.8
$100,001 - $199,000 47.9
$50,001 - $100,000 26.2
$0 - $50,000 4.4

Average for PA
Average for Nation

Value Relative to Nation Value Relative to State
58.8890191023087 54.8792270531401

Number Of Homes And Apartments:
1,816

Tobyhanna 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
16.76% 0.90% 1 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,703 / per month

Homeownership Rate

Homeownership
Owners 77.42
Renters 22.58
Vacant 34.15

Housing Market Details

 

Age of Homes

AGE OF Tobyhanna HOMES
2000 or Newer 20.8
1970 - 1999 69.8
1940 - 1969 6.5
1939 or Older 2.9

Types of Homes

TYPE OF Tobyhanna HOMES
Single-Family 93.2
Townhomes 4.8
Small Apt. Buildings 0.1
Apt. Complexes 0.4
Mobile Homes 1.1
Other 0.4

Home Size

SIZE OF Tobyhanna HOMES
No Bedroom 0.61
1 Bedroom 1.73
2 Bedrooms 8.17
3 Bedrooms 54.20
4 Bedrooms 28.37
5 or more bedrooms 6.92