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 9,848 people, 3,443 houses or apartments, and a median cost of homes of $303,656, Drums 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 Drums, accounting for 84.85% of the town's housing units. Other types of housing that are prevalent in Drums include row houses and other attached homes ( 7.49%), large apartment complexes or high rise apartments ( 3.79%), and a few mobile homes or trailers ( 2.16%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Drums. Owner-occupied housing accounts for 82.68% of Drums's homes, and 73.51% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Drums built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Drums built between 2000 and later ( 30.61%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.71%). There's also some housing in Drums built before 1939 ( 6.54%).
Drums's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Drums during the period has been just 5.26%, which is lower than 70% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Drums's appreciation rate, at 6.86%, has been at or slightly above the national average. In the latest quarter, Drums's appreciation rate has been 6.05%, which annualizes to a rate of 26.51%.
Importantly, this makes Drums one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Pennsylvania, our data show that Drums's latest annual appreciation rate is lower than 50% of the other cities and towns in Pennsylvania.
$303,656
for Pennsylvania
for nation
3,443
$2,285 / per month