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 2,806 people, 1,063 houses or apartments, and a median cost of homes of $278,798, Bath 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 Bath, accounting for 45.74% of the borough's housing units. Other types of housing that are prevalent in Bath include large apartment complexes or high rise apartments ( 20.55%), row houses and other attached homes ( 18.31%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 14.62%).
The most prevalent building size and type in Bath are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 56.10% owning and 43.90% renting.
The housing in Bath was primarily built before 1939 ( 39.81%), making the housing stock in Bath some of the oldest overall in America, although there is a range of ages of homes in Bath. The next most important housing age is between 1970-1999 ( 27.77%), followed by between 1940-1969 ( 16.85%). There's also some housing in Bath built between 2000 and later ( 15.56%).
Bath's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Bath during the period has been just 5.26%, which is lower than 70% of US communities.
Appreciation rates are so strong in Bath that despite a nationwide downturn in the housing market, Bath real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Bath 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 Bath. Bath appreciation rates in the latest quarter were at 2.24%, which equates to an annual appreciation rate of 9.28%.
Importantly, this makes Bath 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 Bath's latest annual appreciation rate is higher than 90% of the other cities and towns in Pennsylvania.
$278,798
for Pennsylvania
for nation
1,063
$1,905 / per month