West View, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating West View Neighborhoods Since 2000




West View, 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

West View Housing Market Information

With 6,685 people, 3,131 houses or apartments, and a median cost of homes of $148,214, West View 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 West View, accounting for 69.94% of the borough's housing units. Other types of housing that are prevalent in West View include large apartment complexes or high rise apartments ( 16.12%), duplexes, homes converted to apartments or other small apartment buildings ( 11.14%), and a few row houses and other attached homes ( 2.81%).

Dwellings in West View tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 50.77% of the homes in West View have two or fewer bedrooms.

The housing in West View was primarily built before 1939 ( 47.54%), making the housing stock in West View some of the oldest overall in America, although there is a range of ages of homes in West View. The next most important housing age is between 1940-1969 ( 34.26%), followed by between 1970-1999 ( 17.66%).

West View Home Appreciation Rates

In the last 10 years, West View has experienced some of the highest home appreciation rates of any community in the nation. West View real estate appreciated 19.02% over the last ten years, which is an average annual home appreciation rate of 1.76%, putting West View in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, West View definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, West View's appreciation rate, at 3.80%, has been at or slightly above the national average. In the latest quarter, West View's appreciation rate has been -0.41%, which annualizes to a rate of -1.65%.

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

Average Home Values

 

Median Home Value:
$148,214

West View, PA HOME PRICES

Value Range
> $1,118,000 0.0
$838,001 - $1,118,000 0.0
$559,001 - $838,000 0.0
$447,001 - $559,000 0.0
$336,001 - $447,000 1.2
$224,001 - $336,000 8.0
$112,001 - $224,000 56.4
$56,001 - $112,000 33.6
$0 - $56,000 0.8

Average for PA
Average for Nation

Value Relative to Nation Value Relative to State
50.8379233563811 46.0869565217391

Number Of Homes And Apartments:
3,131

West View 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
48.96% 2.34% 6 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$814 / per month

Homeownership Rate

Homeownership
Owners 70.66
Renters 29.34
Vacant 5.49

Housing Market Details

 

Age of Homes

AGE OF West View HOMES
2000 or Newer 0.5
1970 - 1999 17.7
1940 - 1969 34.3
1939 or Older 47.5

Types of Homes

TYPE OF West View HOMES
Single-Family 69.9
Townhomes 2.8
Small Apt. Buildings 11.1
Apt. Complexes 16.1
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF West View HOMES
No Bedroom 0.63
1 Bedroom 14.16
2 Bedrooms 35.98
3 Bedrooms 36.46
4 Bedrooms 10.11
5 or more bedrooms 2.66