White Oak, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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White Oak, PA Real Estate Data


White Oak Housing Market Information

With a population of 7,775, 3,789 total housing units (homes and apartments), and a median house value of $106,854, 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 80.30% of the borough's housing units. Other types of housing that are prevalent in White Oak include large apartment complexes or high rise apartments ( 13.27%), duplexes, homes converted to apartments or other small apartment buildings ( 3.89%), and a few row houses and other attached homes ( 1.33%).

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 74.32% of White Oak's homes, and 55.63% 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 64.27% of the borough's housing hails from this era. Other housing ages represented in White Oak include homes built between 1970-1999 ( 17.19%) and housing constructed before 1939 ( 16.48%). There's also some housing in White Oak built between 2000 and later ( 2.06%).

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 8.18%, which ranks in the top 40% nationwide. This equates to an annual average White Oak house appreciation rate of 0.79%.

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 2.60%, 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 2.53%, which equates to an annual appreciation rate of 10.50%.

Relative to Pennsylvania, our data show that White Oak's latest annual appreciation rate is lower than 80% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$106,854

White Oak, PA HOME PRICES

Value Range
> $1,083,000 0.0
$813,001 - $1,083,000 0.2
$542,001 - $813,000 0.0
$434,001 - $542,000 0.0
$325,001 - $434,000 0.7
$217,001 - $325,000 2.8
$108,001 - $217,000 43.7
$54,001 - $108,000 43.1
$0 - $54,000 9.5

Low for PA
Low for Nation

Value Relative to Nation Value Relative to State
74.4510159864145 74.1062801932367

Number Of Homes And Apartments:
3,789

Rent & Ownership

 

Average Market Rent:
$854 / per month

Homeownership Rate

Homeownership
Owners 74.32
Renters 25.68
Vacant 4.80

Housing Market Details

 

Age of Homes

AGE OF White Oak HOMES
2000 or Newer 2.1
1970 - 1999 17.2
1940 - 1969 64.3
1939 or Older 16.5

Types of Homes

TYPE OF White Oak HOMES
Single-Family 80.3
Townhomes 1.3
Small Apt. Buildings 3.9
Apt. Complexes 13.3
Mobile Homes 1.2
Other 0.0

Home Size

SIZE OF White Oak HOMES
No Bedroom 0.00
1 Bedroom 9.75
2 Bedrooms 33.34
3 Bedrooms 46.18
4 Bedrooms 9.45
5 or more bedrooms 1.28

White Oak Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
25.50% 1.34% 1 3
* 10 is highest