Vandergrift, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Vandergrift Neighborhoods Since 2000




Vandergrift, PA Real Estate Data


Vandergrift Housing Market Information

With a population of 5,032, 2,249 total housing units (homes and apartments), and a median house value of $76,445, house prices in Vandergrift are some of the most affordable in Pennsylvania as well as the nation.

Single-family detached homes are the single most common housing type in Vandergrift, accounting for 71.55% of the borough's housing units. Other types of housing that are prevalent in Vandergrift include duplexes, homes converted to apartments or other small apartment buildings ( 15.43%), large apartment complexes or high rise apartments ( 9.16%), and a few row houses and other attached homes ( 3.64%).

The most prevalent building size and type in Vandergrift are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 58.24% owning and 41.76% renting.

The housing in Vandergrift was primarily built before 1939 ( 58.82%), making the housing stock in Vandergrift some of the oldest overall in America, although there is a range of ages of homes in Vandergrift. The next most important housing age is between 1940-1969 ( 32.02%), followed by between 1970-1999 ( 6.08%). There's also some housing in Vandergrift built between 2000 and later ( 3.08%).

Vacant housing appears to be an issue in Vandergrift. Fully 15.58% of the housing stock is classified as vacant. Left unchecked, vacant Vandergrift homes and apartments can be a drag on the real estate market, holding Vandergrift 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.

Vandergrift Home Appreciation Rates

Appreciation rates for homes in Vandergrift have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 14.90%, which ranks in the top 30% nationwide. This equates to an annual average Vandergrift house appreciation rate of 1.40%.

Over the last year, Vandergrift appreciation rates have trailed the rest of the nation. In the last twelve months, Vandergrift's appreciation rate has been 3.09%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Vandergrift were at -1.31%, which equates to an annual appreciation rate of -5.14%.

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

Relative to Pennsylvania, our data show that Vandergrift's latest annual appreciation rate is higher than 50% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$76,445

Vandergrift, PA HOME PRICES

Value Range
> $1,092,000 0.0
$819,001 - $1,092,000 0.0
$546,001 - $819,000 0.0
$437,001 - $546,000 0.0
$328,001 - $437,000 0.3
$219,001 - $328,000 0.8
$109,001 - $219,000 12.2
$55,001 - $109,000 57.8
$0 - $55,000 29.0

Very Low for PA
Very Low for Nation

Value Relative to Nation Value Relative to State
92.4293917731161 90.6280193236715

Number Of Homes And Apartments:
2,249

Rent & Ownership

 

Average Market Rent:
$741 / per month

Homeownership Rate

Homeownership
Owners 58.24
Renters 41.76
Vacant 15.58

Housing Market Details

 

Age of Homes

AGE OF Vandergrift HOMES
2000 or Newer 3.1
1970 - 1999 6.1
1940 - 1969 32.0
1939 or Older 58.8

Types of Homes

TYPE OF Vandergrift HOMES
Single-Family 71.5
Townhomes 3.6
Small Apt. Buildings 15.4
Apt. Complexes 9.2
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Vandergrift HOMES
No Bedroom 1.88
1 Bedroom 14.60
2 Bedrooms 31.49
3 Bedrooms 40.92
4 Bedrooms 9.27
5 or more bedrooms 1.84

Vandergrift Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
51.62% 2.44% 7 6
* 10 is highest