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 138, 68 total housing units (homes and apartments), and a median house value of $356,103, Albrightsville real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Albrightsville, accounting for 92.77% of the town's housing units. Other types of housing that are prevalent in Albrightsville include mobile homes or trailers ( 7.23%).
The most prevalent building size and type in Albrightsville are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 64.13% owning and 35.87% 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. Albrightsville's housing was primarily built during this period, from the '40s through the '60s. A full 100.00% of the town's housing hails from this era. Other housing ages represented in Albrightsville include homes built between 1970-1999 ( 0.00%) and housing constructed between 2000 and later ( 0.00%).
Vacant housing appears to be an issue in Albrightsville. Fully 18.07% of the housing stock is classified as vacant. Left unchecked, vacant Albrightsville homes and apartments can be a drag on the real estate market, holding Albrightsville 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 Albrightsville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 111.59%, which ranks in the top 30% nationwide. This equates to an annual average Albrightsville house appreciation rate of 7.78%.
Appreciation rates are so strong in Albrightsville that despite a nationwide downturn in the housing market, Albrightsville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Albrightsville appreciation rates continue to be some of the highest in America, at 8.81%, which is higher than appreciation rates in 79.15% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Albrightsville. Albrightsville appreciation rates in the latest quarter were at 4.93%, which equates to an annual appreciation rate of 21.23%.
Importantly, this makes Albrightsville 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 Albrightsville's latest annual appreciation rate is higher than 70% of the other cities and towns in Pennsylvania.
$356,103
for Pennsylvania
for nation
68
$1,457 / per month