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 8,025, 4,157 total housing units (homes and apartments), and a median house value of $257,883, 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 57.00% 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 ( 20.25%), large apartment complexes or high rise apartments ( 14.57%), and a few row houses and other attached homes ( 8.18%).
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 57.56% owning and 42.44% renting.
The housing in Dormont was primarily built before 1939 ( 62.74%), 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 ( 28.40%), followed by between 1970-1999 ( 7.61%). There's also some housing in Dormont built between 2000 and later ( 1.24%).
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 97.28%, which ranks in the top 40% nationwide. This equates to an annual average Dormont house appreciation rate of 7.03%.
Over the last year, Dormont appreciation rates have trailed the rest of the nation. In the last twelve months, Dormont's appreciation rate has been 3.00%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Dormont were at 1.11%, which equates to an annual appreciation rate of 4.51%.
Relative to Pennsylvania, our data show that Dormont's latest annual appreciation rate is lower than 80% of the other cities and towns in Pennsylvania.
$257,883
for Pennsylvania
for nation
4,157
$1,536 / per month