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 1,232 people, 532 houses or apartments, and a median cost of homes of $281,006, Hawley 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 Hawley, accounting for 49.92% of the borough's housing units. Other types of housing that are prevalent in Hawley include duplexes, homes converted to apartments or other small apartment buildings ( 30.70%), large apartment complexes or high rise apartments ( 12.40%), and a few mobile homes or trailers ( 3.57%).
The most prevalent building size and type in Hawley are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 47.97% owning and 52.03% renting.
The housing in Hawley was primarily built before 1939 ( 52.25%), making the housing stock in Hawley some of the oldest overall in America, although there is a range of ages of homes in Hawley. The next most important housing age is between 1970-1999 ( 27.91%), followed by between 1940-1969 ( 15.19%). There's also some housing in Hawley built between 2000 and later ( 4.65%).
Vacant housing appears to be an issue in Hawley. Fully 17.52% of the housing stock is classified as vacant. Left unchecked, vacant Hawley homes and apartments can be a drag on the real estate market, holding Hawley real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Hawley's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Hawley during the period has been just 5.35%, which is lower than 70% of US communities.
Appreciation rates are so strong in Hawley that despite a nationwide downturn in the housing market, Hawley real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Hawley appreciation rates continue to be some of the highest in America, at 8.81%, which is higher than appreciation rates in 79.27% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Hawley. Hawley appreciation rates in the latest quarter were at 2.01%, which equates to an annual appreciation rate of 8.30%.
Relative to Pennsylvania, our data show that Hawley's latest annual appreciation rate is higher than 70% 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 Hawley differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Hawley - 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 Hawley real estate investment or home purchase decisions.
$281,006
for Pennsylvania
for nation
532
$1,378 / per month