Willow Street, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Willow Street, 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 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Willow Street Housing Market Information

With 7,820 people, 3,638 houses or apartments, and a median cost of homes of $270,907, Willow Street real estate is some of the most expensive in Pennsylvania, although Willow Street home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Willow Street, accounting for 43.99% of the town's housing units. Other types of housing that are prevalent in Willow Street include large apartment complexes or high rise apartments ( 43.09%), row houses and other attached homes ( 7.83%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.95%).

People in Willow Street primarily live in small (one, two or no bedroom) single-family detached homes. Willow Street has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Willow Street built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Willow Street built between 1940-1969 ( 22.12%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.02%). There's also some housing in Willow Street built before 1939 ( 6.97%).

Vacant housing appears to be an issue in Willow Street. Fully 11.29% of the housing stock is classified as vacant. Left unchecked, vacant Willow Street homes and apartments can be a drag on the real estate market, holding Willow Street 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.

Willow Street Home Appreciation Rates

Appreciation rates for homes in Willow Street have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 13.35%, which ranks in the top 50% nationwide. This equates to an annual average Willow Street house appreciation rate of 1.26%.

Appreciation rates are so strong in Willow Street that despite a nationwide downturn in the housing market, Willow Street real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Willow Street appreciation rates continue to be some of the highest in America, at 9.05%, which is higher than appreciation rates in 87.77% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Willow Street. Willow Street appreciation rates in the latest quarter were at 2.05%, which equates to an annual appreciation rate of 8.46%.

Importantly, this makes Willow Street one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to Pennsylvania, our data show that Willow Street's latest annual appreciation rate is higher than 90% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$270,907

Willow Street, PA HOME PRICES

Value Range
> $1,205,000 0.0
$903,001 - $1,205,000 0.8
$602,001 - $903,000 2.4
$482,001 - $602,000 0.7
$362,001 - $482,000 12.3
$241,001 - $362,000 33.9
$121,001 - $241,000 44.4
$60,001 - $121,000 1.8
$0 - $60,000 3.7

Very High for PA
High for Nation

Value Relative to Nation Value Relative to State
23.1824817518248 11.5830115830116

Number Of Homes And Apartments:
3,638

Willow Street Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2018 Q4 - 2019 Q1
Last 12 Months:
2018 Q1 - 2019 Q1
Last 2 Years:
2017 Q1 - 2019 Q1
Last 5 Years:
2014 Q1 - 2019 Q1
Last 10 Years:
2009 Q1 - 2019 Q1
Since 2000:
2000 Q1 - 2019 Q1
72.79% 2.88%
9
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,711 / per month

Homeownership Rate

Homeownership
Owners 52.24
Renters 47.76
Vacant 11.29

Housing Market Details

 

Age of Homes

AGE OF Willow Street HOMES
2000 or Newer 16.0
1970 - 1999 54.9
1940 - 1969 22.1
1939 or Older 7.0

Types of Homes

TYPE OF Willow Street HOMES
Single-Family 44.0
Townhomes 7.8
Small Apt. Buildings 5.0
Apt. Complexes 43.1
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF Willow Street HOMES
No Bedroom 5.05
1 Bedroom 12.90
2 Bedrooms 39.50
3 Bedrooms 26.90
4 Bedrooms 14.80
5 or more bedrooms 0.85