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 8,799, 3,484 total housing units (homes and apartments), and a median house value of $97,820, house prices in Beaver Falls are some of the most affordable in Pennsylvania as well as the nation.
Single-family detached homes are the single most common housing type in Beaver Falls, accounting for 57.98% of the city's housing units. Other types of housing that are prevalent in Beaver Falls include large apartment complexes or high rise apartments ( 20.81%), duplexes, homes converted to apartments or other small apartment buildings ( 15.40%), and a few row houses and other attached homes ( 5.73%).
People in Beaver Falls primarily live in small (one, two or no bedroom) single-family detached homes. Beaver Falls has a mixture of owner-occupied and renter-occupied housing.
The housing in Beaver Falls was primarily built before 1939 ( 48.42%), making the housing stock in Beaver Falls some of the oldest overall in America, although there is a range of ages of homes in Beaver Falls. The next most important housing age is between 1940-1969 ( 29.91%), followed by between 1970-1999 ( 19.65%). There's also some housing in Beaver Falls built between 2000 and later ( 2.03%).
Vacant housing appears to be an issue in Beaver Falls. Fully 13.89% of the housing stock is classified as vacant. Left unchecked, vacant Beaver Falls homes and apartments can be a drag on the real estate market, holding Beaver Falls 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.
Some of the lowest real estate appreciation rates in America over the last ten years have been in Beaver Falls, where house values have increased just 44.21%, which is annualized rate of 3.73%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Over the last year, Beaver Falls appreciation rates have trailed the rest of the nation. In the last twelve months, Beaver Falls's appreciation rate has been 0.42%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Beaver Falls were at 1.11%, which equates to an annual appreciation rate of 4.51%.
Relative to Pennsylvania, our data show that Beaver Falls's latest annual appreciation rate is lower than 90% 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 city. Individual neighborhoods within Beaver Falls differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Beaver Falls - 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 Beaver Falls real estate investment or home purchase decisions.
$97,820
for Pennsylvania
for nation
3,484
$1,198 / per month