Dunmore, PA Real Estate Market

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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Dunmore, PA Housing Market Trends

With a population of 12,954, 5,499 total housing units (homes and apartments), and a median house value of $211,264, Dunmore 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 Dunmore, accounting for 63.34% of the borough's housing units. Other types of housing that are prevalent in Dunmore include duplexes, homes converted to apartments or other small apartment buildings ( 22.32%), large apartment complexes or high rise apartments ( 7.78%), and a few row houses and other attached homes ( 6.26%).

The most prevalent building size and type in Dunmore are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 61.45% owning and 38.55% renting.

The housing in Dunmore was primarily built before 1939 ( 48.18%), making the housing stock in Dunmore some of the oldest overall in America, although there is a range of ages of homes in Dunmore. The next most important housing age is between 1940-1969 ( 28.81%), followed by between 1970-1999 ( 19.34%). There's also some housing in Dunmore built between 2000 and later ( 3.67%).

Vacant housing appears to be an issue in Dunmore. Fully 12.91% of the housing stock is classified as vacant. Left unchecked, vacant Dunmore homes and apartments can be a drag on the real estate market, holding Dunmore 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.

Dunmore Home Appreciation Rates

Dunmore's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Dunmore during the period has been just 2.76%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Dunmore's appreciation rate, at 10.17%, has been at or slightly above the national average. In the latest quarter, Dunmore's appreciation rate has been 2.66%, which annualizes to a rate of 11.08%.

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

Average Home Values

 

Median Home Value:
$211,264

Dunmore, PA HOME PRICES

> $1,252,000
0.3%
0.3%
$939,001 - $1,252,000
0.0%
0.0%
$626,001 - $939,000
2.0%
2.0%
$501,001 - $626,000
2.3%
2.3%
$375,001 - $501,000
9.0%
9.0%
$250,001 - $375,000
20.7%
20.7%
$125,001 - $250,000
48.3%
48.3%
$62,001 - $125,000
15.2%
15.2%
$0 - $62,000
2.1%
2.1%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

High for PA

Value Relative To Nation

Number Of Homes And Apartments:
5,499

Dunmore Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
61.99% 2.27%
3
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,033 / per month

Homeownership Rate

Owners
61.5%
61.5%
Renters
38.5%
38.5%
Vacant
12.9%
12.9%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
3.7%
3.7%
1970 - 1999
19.3%
19.3%
1940 - 1969
28.8%
28.8%
1939 or Older
48.2%
48.2%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
63.3%
63.3%
Townhomes
6.3%
6.3%
Small Apt. Buildings
22.3%
22.3%
Apt. Complexes
7.8%
7.8%
Mobile Homes
0.2%
0.2%
Other
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
3.3%
3.3%
1 Bedroom
10.8%
10.8%
2 Bedrooms
24.6%
24.6%
3 Bedrooms
46.5%
46.5%
4 Bedrooms
9.5%
9.5%
5 or more bedrooms
5.3%
5.3%
0.0% 100.0%
% OF HOMES