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 about Scout's Real Estate Data
With a population of 29,993, 11,333 total housing units (homes and apartments), and a median house value of $185,020, house prices in Hazleton are solidly below the national average.
Single-family detached homes are the single most common housing type in Hazleton, accounting for 38.33% of the city's housing units. Other types of housing that are prevalent in Hazleton include row houses and other attached homes ( 31.09%), duplexes, homes converted to apartments or other small apartment buildings ( 19.06%), and a few large apartment complexes or high rise apartments ( 10.16%).
The most prevalent building size and type in Hazleton are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 45.98% owning and 54.02% renting.
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. Hazleton's housing was primarily built during this period, from the '40s through the '60s. A full 42.09% of the city's housing hails from this era. Other housing ages represented in Hazleton include homes built before 1939 ( 34.82%) and housing constructed between 1970-1999 ( 20.87%). There's also some housing in Hazleton built between 2000 and later ( 2.22%).
Appreciation rates for homes in Hazleton have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 109.51%, which ranks in the top 30% nationwide. This equates to an annual average Hazleton house appreciation rate of 7.68%.
Over the last year, Hazleton appreciation rates have trailed the rest of the nation. In the last twelve months, Hazleton's appreciation rate has been 3.76%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Hazleton were at 0.69%, which equates to an annual appreciation rate of 2.80%.
Relative to Pennsylvania, our data show that Hazleton's latest annual appreciation rate is lower than 90% of the other cities and towns in Pennsylvania.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Hazleton differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Hazleton - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Hazleton real estate investment or home purchase decisions.
$185,020
for Pennsylvania
for nation
11,333
$1,383 / per month