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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
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.
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.
|$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|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2019 Q1
|* 10 is highest|
|AGE OF Willow Street HOMES|
|2000 or Newer||16.0|
|1970 - 1999||54.9|
|1940 - 1969||22.1|
|1939 or Older||7.0|
|TYPE OF Willow Street HOMES|
|Small Apt. Buildings||5.0|
|SIZE OF Willow Street HOMES|
|5 or more bedrooms||0.85|