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 11,672 people, 4,797 houses or apartments, and a median cost of homes of $395,795, Emmaus real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Emmaus, accounting for 48.79% of the borough's housing units. Other types of housing that are prevalent in Emmaus include row houses and other attached homes ( 26.11%), large apartment complexes or high rise apartments ( 14.42%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 10.68%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Emmaus. Owner-occupied housing accounts for 65.86% of Emmaus's homes, and 62.69% have either three or four bedrooms, which is average sized relative to America.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Emmaus's housing was primarily built during this period, from the '40s through the '60s. A full 41.80% of the borough's housing hails from this era. Other housing ages represented in Emmaus include homes built between 1970-1999 ( 27.07%) and housing constructed before 1939 ( 25.04%). There's also some housing in Emmaus built between 2000 and later ( 6.10%).
Real estate appreciation rates in Emmaus's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.34% during the period.
Appreciation rates are so strong in Emmaus that despite a nationwide downturn in the housing market, Emmaus real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Emmaus appreciation rates continue to be some of the highest in America, at 9.89%, which is higher than appreciation rates in 86.83% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Emmaus. Emmaus appreciation rates in the latest quarter were at 4.93%, which equates to an annual appreciation rate of 21.23%.
Importantly, this makes Emmaus one of the highest appreciating communities in the nation for the latest quarter, and may signal the borough's near-future real estate investment strength.
Relative to Pennsylvania, our data show that Emmaus's latest annual appreciation rate is higher than 80% of the other cities and towns in Pennsylvania.
$395,795
for Pennsylvania
for nation
4,797
$2,322 / per month