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 1,155 people, 1,321 houses or apartments, and a median cost of homes of $273,682, Pen Argyl 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 Pen Argyl, accounting for 48.20% of the borough's housing units. Other types of housing that are prevalent in Pen Argyl include row houses and other attached homes ( 35.88%), duplexes, homes converted to apartments or other small apartment buildings ( 9.84%), and a few large apartment complexes or high rise apartments ( 6.09%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Pen Argyl. Owner-occupied housing accounts for 68.86% of Pen Argyl's homes, and 68.86% have either three or four bedrooms, which is average sized relative to America.
The housing in Pen Argyl was primarily built before 1939 ( 65.96%), making the housing stock in Pen Argyl some of the oldest overall in America, although there is a range of ages of homes in Pen Argyl. The next most important housing age is between 1940-1969 ( 20.52%), followed by between 1970-1999 ( 8.92%). There's also some housing in Pen Argyl built between 2000 and later ( 4.60%).
Appreciation rates for homes in Pen Argyl have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 86.27%, which ranks in the top 50% nationwide. This equates to an annual average Pen Argyl house appreciation rate of 6.42%.
Appreciation rates are so strong in Pen Argyl that despite a nationwide downturn in the housing market, Pen Argyl real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Pen Argyl appreciation rates continue to be some of the highest in America, at 9.02%, which is higher than appreciation rates in 91.77% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Pen Argyl. Pen Argyl appreciation rates in the latest quarter were at 2.24%, which equates to an annual appreciation rate of 9.28%.
Importantly, this makes Pen Argyl one of the highest appreciating communities in the nation for the latest quarter, and may signal the borough's near-future real estate investment strength.
Relative to Pennsylvania, our data show that Pen Argyl's latest annual appreciation rate is higher than 90% of the other cities and towns in Pennsylvania.
$273,682
for Pennsylvania
for nation
1,321
$1,753 / per month