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 7,922 people, 3,996 houses or apartments, and a median cost of homes of $270,148, Dormont 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 Dormont, accounting for 57.40% of the borough's housing units. Other types of housing that are prevalent in Dormont include duplexes, homes converted to apartments or other small apartment buildings ( 21.13%), large apartment complexes or high rise apartments ( 13.74%), and a few row houses and other attached homes ( 7.73%).
The most prevalent building size and type in Dormont are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 57.68% owning and 42.32% renting.
The housing in Dormont was primarily built before 1939 ( 65.82%), making the housing stock in Dormont some of the oldest overall in America, although there is a range of ages of homes in Dormont. The next most important housing age is between 1940-1969 ( 26.70%), followed by between 1970-1999 ( 6.14%). There's also some housing in Dormont built between 2000 and later ( 1.34%).
Appreciation rates for homes in Dormont have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 100.61%, which ranks in the top 40% nationwide. This equates to an annual average Dormont house appreciation rate of 7.21%.
Appreciation rates are so strong in Dormont that despite a nationwide downturn in the housing market, Dormont real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Dormont appreciation rates continue to be some of the highest in America, at 5.66%, which is higher than appreciation rates in 74.73% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Dormont. Dormont appreciation rates in the latest quarter were at 2.42%, which equates to an annual appreciation rate of 10.02%.
Relative to Pennsylvania, our data show that Dormont's latest annual appreciation rate is higher than 50% of the other cities and towns in Pennsylvania.
$270,148
for Pennsylvania
for nation
3,996
$1,731 / per month