North East, 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

North East, PA Housing Market Trends

With 4,033 people, 1,707 houses or apartments, and a median cost of homes of $141,589, house prices in North East are solidly below the national average.

Single-family detached homes are the single most common housing type in North East, accounting for 55.47% of the borough's housing units. Other types of housing that are prevalent in North East include duplexes, homes converted to apartments or other small apartment buildings ( 28.64%), large apartment complexes or high rise apartments ( 11.29%), and a few row houses and other attached homes ( 3.65%).

The most prevalent building size and type in North East are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 49.14% owning and 50.86% renting.

The housing in North East was primarily built before 1939 ( 45.93%), making the housing stock in North East some of the oldest overall in America, although there is a range of ages of homes in North East. The next most important housing age is between 1940-1969 ( 26.45%), followed by between 1970-1999 ( 25.77%). There's also some housing in North East built between 2000 and later ( 1.85%).

North East Home Appreciation Rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in North East, where house values have increased just 14.39%, which is annualized rate of 1.35%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

NeighborhoodScout's data show that during the latest twelve months, North East's appreciation rate, at 8.48%, has been at or slightly above the national average. In the latest quarter, North East's appreciation rate has been 2.61%, which annualizes to a rate of 10.83%.

Relative to Pennsylvania, our data show that North East's latest annual appreciation rate is higher than 50% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$141,589

North East, PA HOME PRICES

> $1,096,000
0.0%
0.0%
$822,001 - $1,096,000
0.0%
0.0%
$548,001 - $822,000
0.0%
0.0%
$438,001 - $548,000
0.0%
0.0%
$329,001 - $438,000
0.0%
0.0%
$219,001 - $329,000
10.8%
10.8%
$110,001 - $219,000
62.5%
62.5%
$55,001 - $110,000
24.1%
24.1%
$0 - $55,000
2.6%
2.6%
0.0% 100.0%
% OF HOMES
Value Relative To State

Low for Nation

Low for PA

Value Relative To Nation

Number Of Homes And Apartments:
1,707

North East 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
40.61% 1.60%
1
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$905 / per month

Homeownership Rate

Owners
49.1%
49.1%
Renters
50.9%
50.9%
Vacant
4.2%
4.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1.9%
1.9%
1970 - 1999
25.8%
25.8%
1940 - 1969
26.4%
26.4%
1939 or Older
45.9%
45.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
55.5%
55.5%
Townhomes
3.6%
3.6%
Small Apt. Buildings
28.6%
28.6%
Apt. Complexes
11.3%
11.3%
Mobile Homes
1.0%
1.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.1%
1.1%
1 Bedroom
13.8%
13.8%
2 Bedrooms
23.7%
23.7%
3 Bedrooms
41.9%
41.9%
4 Bedrooms
16.2%
16.2%
5 or more bedrooms
3.3%
3.3%
0.0% 100.0%
% OF HOMES

Zip Codes in North East, PA