Trafford, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Trafford, 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

Trafford Housing Market Information

With 3,144 people, 1,501 houses or apartments, and a median cost of homes of $116,377, house prices in Trafford are solidly below the national average.

Single-family detached homes are the single most common housing type in Trafford, accounting for 76.25% of the borough's housing units. Other types of housing that are prevalent in Trafford include large apartment complexes or high rise apartments ( 8.92%), row houses and other attached homes ( 7.75%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.08%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Trafford. Owner-occupied housing accounts for 66.69% of Trafford's homes, and 57.02% have either three or four bedrooms, which is average sized relative to America.

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. Trafford's housing was primarily built during this period, from the '40s through the '60s. A full 45.37% of the borough's housing hails from this era. Other housing ages represented in Trafford include homes built before 1939 ( 36.57%) and housing constructed between 1970-1999 ( 15.50%). There's also some housing in Trafford built between 2000 and later ( 2.56%).

Vacant housing appears to be an issue in Trafford. Fully 16.33% of the housing stock is classified as vacant. Left unchecked, vacant Trafford homes and apartments can be a drag on the real estate market, holding Trafford 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.

Trafford Home Appreciation Rates

Appreciation rates for homes in Trafford have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 4.76%, which ranks in the top 40% nationwide. This equates to an annual average Trafford house appreciation rate of 0.47%.

Over the last year, Trafford appreciation rates have trailed the rest of the nation. In the last twelve months, Trafford's appreciation rate has been 0.53%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Trafford were at -0.41%, which equates to an annual appreciation rate of -1.65%.

Relative to Pennsylvania, our data show that Trafford's latest annual appreciation rate is lower than 70% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$116,377

Trafford, PA HOME PRICES

Value Range
> $1,034,000 0.0
$775,001 - $1,034,000 2.5
$517,001 - $775,000 0.0
$413,001 - $517,000 0.0
$310,001 - $413,000 0.1
$207,001 - $310,000 11.0
$103,001 - $207,000 43.5
$52,001 - $103,000 34.4
$0 - $52,000 8.4

Low for PA
Low for Nation

Value Relative to Nation Value Relative to State
67.4967772178601 64.7342995169082

Number Of Homes And Apartments:
1,501

Trafford 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
20.18% 1.07% 1 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$860 / per month

Homeownership Rate

Homeownership
Owners 66.69
Renters 33.31
Vacant 16.33

Housing Market Details

 

Age of Homes

AGE OF Trafford HOMES
2000 or Newer 2.6
1970 - 1999 15.5
1940 - 1969 45.4
1939 or Older 36.6

Types of Homes

TYPE OF Trafford HOMES
Single-Family 76.3
Townhomes 7.7
Small Apt. Buildings 7.1
Apt. Complexes 8.9
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Trafford HOMES
No Bedroom 0.00
1 Bedroom 8.03
2 Bedrooms 33.50
3 Bedrooms 44.59
4 Bedrooms 12.43
5 or more bedrooms 1.45

Popular Neighborhoods in Trafford

Zip Codes in Trafford, PA