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 5,985 people, 2,884 houses or apartments, and a median cost of homes of $350,694, Bellefonte real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Bellefonte, accounting for 49.10% of the borough's housing units. Other types of housing that are prevalent in Bellefonte include duplexes, homes converted to apartments or other small apartment buildings ( 24.55%), large apartment complexes or high rise apartments ( 20.25%), and a few row houses and other attached homes ( 5.13%).
People in Bellefonte primarily live in small (one, two or no bedroom) single-family detached homes. Bellefonte has a mixture of owner-occupied and renter-occupied housing.
The housing in Bellefonte was primarily built before 1939 ( 44.70%), making the housing stock in Bellefonte some of the oldest overall in America, although there is a range of ages of homes in Bellefonte. The next most important housing age is between 1940-1969 ( 24.98%), followed by between 1970-1999 ( 21.12%). There's also some housing in Bellefonte built between 2000 and later ( 9.19%).
Bellefonte's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Bellefonte during the period has been just 4.83%, which is lower than 80% of US communities.
Over the last year, Bellefonte appreciation rates have trailed the rest of the nation. In the last twelve months, Bellefonte's appreciation rate has been 1.16%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Bellefonte were at 1.97%, which equates to an annual appreciation rate of 8.11%.
Relative to Pennsylvania, our data show that Bellefonte'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 borough. Individual neighborhoods within Bellefonte differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Bellefonte - 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 Bellefonte real estate investment or home purchase decisions.
$350,694
for Pennsylvania
for nation
2,884
$1,425 / per month