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 4,759, 1,478 total housing units (homes and apartments), and a median house value of $238,656, house prices in Annville are solidly below the national average.
Single-family detached homes are the single most common housing type in Annville, accounting for 33.40% of the town's housing units. Other types of housing that are prevalent in Annville include row houses and other attached homes ( 30.87%), large apartment complexes or high rise apartments ( 20.56%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 12.59%).
People in Annville primarily live in small (one, two or no bedroom) single-family detached homes. Annville has a mixture of owner-occupied and renter-occupied housing.
The housing in Annville was primarily built before 1939 ( 34.79%), making the housing stock in Annville some of the oldest overall in America, although there is a range of ages of homes in Annville. The next most important housing age is between 1970-1999 ( 31.06%), followed by between 1940-1969 ( 30.87%). There's also some housing in Annville built between 2000 and later ( 3.29%).
Annville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Annville during the period has been just 5.60%, which is lower than 70% of US communities.
Appreciation rates are so strong in Annville that despite a nationwide downturn in the housing market, Annville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Annville appreciation rates continue to be some of the highest in America, at 9.33%, which is higher than appreciation rates in 83.15% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Annville. Annville appreciation rates in the latest quarter were at -0.57%, which equates to an annual appreciation rate of -2.28%.
Notably, Annville's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Pennsylvania, our data show that Annville's latest annual appreciation rate is higher than 80% 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 town. Individual neighborhoods within Annville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Annville - 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 Annville real estate investment or home purchase decisions.
$238,656
for Pennsylvania
for nation
1,478
$1,577 / per month