White Oak, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating White Oak Neighborhoods Since 2000




White Oak, 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

White Oak Housing Market Information

With 7,775 people, 3,750 houses or apartments, and a median cost of homes of $97,631, house prices in White Oak are solidly below the national average.

Single-family detached homes are the single most common housing type in White Oak, accounting for 78.61% of the borough's housing units. Other types of housing that are prevalent in White Oak include large apartment complexes or high rise apartments ( 13.07%), duplexes, homes converted to apartments or other small apartment buildings ( 4.37%), and a few row houses and other attached homes ( 2.15%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in White Oak. Owner-occupied housing accounts for 71.97% of White Oak's homes, and 55.90% 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. White Oak's housing was primarily built during this period, from the '40s through the '60s. A full 59.42% of the borough's housing hails from this era. Other housing ages represented in White Oak include homes built between 1970-1999 ( 20.54%) and housing constructed before 1939 ( 17.54%). There's also some housing in White Oak built between 2000 and later ( 2.50%).

White Oak Home Appreciation Rates

Appreciation rates for homes in White Oak have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 1.31%, which ranks in the top 50% nationwide. This equates to an annual average White Oak house appreciation rate of 0.13%.

Over the last year, White Oak appreciation rates have trailed the rest of the nation. In the last twelve months, White Oak's appreciation rate has been 0.78%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in White Oak were at -0.41%, which equates to an annual appreciation rate of -1.65%.

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

Average Home Values

 

Median Home Value:
$97,631

White Oak, PA HOME PRICES

Value Range
> $1,035,000 0.0
$776,001 - $1,035,000 0.2
$517,001 - $776,000 0.0
$414,001 - $517,000 0.1
$311,001 - $414,000 0.7
$207,001 - $311,000 4.6
$104,001 - $207,000 40.8
$52,001 - $104,000 46.3
$0 - $52,000 7.4

Low for PA
Low for Nation

Value Relative to Nation Value Relative to State
79.1163717332708 77.9710144927536

Number Of Homes And Apartments:
3,750

White Oak 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
19.86% 1.06% 1 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$913 / per month

Homeownership Rate

Homeownership
Owners 71.97
Renters 28.03
Vacant 6.30

Housing Market Details

 

Age of Homes

AGE OF White Oak HOMES
2000 or Newer 2.5
1970 - 1999 20.5
1940 - 1969 59.4
1939 or Older 17.5

Types of Homes

TYPE OF White Oak HOMES
Single-Family 78.6
Townhomes 2.1
Small Apt. Buildings 4.4
Apt. Complexes 13.1
Mobile Homes 1.8
Other 0.0

Home Size

SIZE OF White Oak HOMES
No Bedroom 0.00
1 Bedroom 9.30
2 Bedrooms 33.63
3 Bedrooms 46.85
4 Bedrooms 9.05
5 or more bedrooms 1.17