Towanda, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Towanda, 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

Towanda Housing Market Information

With a population of 2,812, 1,221 total housing units (homes and apartments), and a median house value of $129,164, house prices in Towanda are solidly below the national average.

Single-family detached homes are the single most common housing type in Towanda, accounting for 62.04% of the borough's housing units. Other types of housing that are prevalent in Towanda include duplexes, homes converted to apartments or other small apartment buildings ( 25.16%), large apartment complexes or high rise apartments ( 12.08%).

People in Towanda primarily live in small (one, two or no bedroom) single-family detached homes. Towanda has a mixture of owner-occupied and renter-occupied housing.

The housing in Towanda was primarily built before 1939 ( 70.28%), making the housing stock in Towanda some of the oldest overall in America, although there is a range of ages of homes in Towanda. The next most important housing age is between 1940-1969 ( 17.72%), followed by between 1970-1999 ( 10.92%). There's also some housing in Towanda built between 2000 and later ( 1.08%).

Vacant housing appears to be an issue in Towanda. Fully 11.71% of the housing stock is classified as vacant. Left unchecked, vacant Towanda homes and apartments can be a drag on the real estate market, holding Towanda 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.

Towanda Home Appreciation Rates

In the last 10 years, Towanda has experienced some of the highest home appreciation rates of any community in the nation. Towanda real estate appreciated 18.05% over the last ten years, which is an average annual home appreciation rate of 1.67%, putting Towanda in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Towanda definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Towanda appreciation rates have trailed the rest of the nation. In the last twelve months, Towanda's appreciation rate has been -5.57%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Towanda were at -1.59%, which equates to an annual appreciation rate of -6.20%.

Notably, Towanda's appreciation rate in the latest quarter is one of the lowest in America.

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

Average Home Values

 

Median Home Value:
$129,164

Towanda, PA HOME PRICES

Value Range
> $1,009,000 0.0
$757,001 - $1,009,000 0.0
$504,001 - $757,000 0.0
$404,001 - $504,000 2.1
$303,001 - $404,000 0.0
$202,001 - $303,000 22.8
$101,001 - $202,000 38.9
$51,001 - $101,000 24.0
$0 - $51,000 12.2

Average for PA
Low for Nation

Value Relative to Nation Value Relative to State
60.3422008672214 56.4251207729469

Number Of Homes And Apartments:
1,221

Towanda 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
50.87% 2.41% 7 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,074 / per month

Homeownership Rate

Homeownership
Owners 55.04
Renters 44.96
Vacant 11.71

Housing Market Details

 

Age of Homes

AGE OF Towanda HOMES
2000 or Newer 1.1
1970 - 1999 10.9
1940 - 1969 17.7
1939 or Older 70.3

Types of Homes

TYPE OF Towanda HOMES
Single-Family 62.0
Townhomes 0.7
Small Apt. Buildings 25.2
Apt. Complexes 12.1
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Towanda HOMES
No Bedroom 10.27
1 Bedroom 11.42
2 Bedrooms 27.69
3 Bedrooms 27.19
4 Bedrooms 13.88
5 or more bedrooms 9.54

Popular Neighborhoods in Towanda

Zip Codes in Towanda, PA