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 6,126, 2,544 total housing units (homes and apartments), and a median house value of $328,794, Hellertown real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Hellertown, accounting for 56.84% of the borough's housing units. Other types of housing that are prevalent in Hellertown include row houses and other attached homes ( 20.33%), large apartment complexes or high rise apartments ( 12.61%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 10.22%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Hellertown. Owner-occupied housing accounts for 66.72% of Hellertown's homes, and 65.46% 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. Hellertown's housing was primarily built during this period, from the '40s through the '60s. A full 44.54% of the borough's housing hails from this era. Other housing ages represented in Hellertown include homes built before 1939 ( 33.91%) and housing constructed between 1970-1999 ( 19.51%). There's also some housing in Hellertown built between 2000 and later ( 2.05%).
Appreciation rates for homes in Hellertown have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 89.37%, which ranks in the top 50% nationwide. This equates to an annual average Hellertown house appreciation rate of 6.59%.
Appreciation rates are so strong in Hellertown that despite a nationwide downturn in the housing market, Hellertown real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Hellertown appreciation rates continue to be some of the highest in America, at 12.05%, which is higher than appreciation rates in 93.74% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Hellertown. Hellertown appreciation rates in the latest quarter were at 4.93%, which equates to an annual appreciation rate of 21.23%.
Importantly, this makes Hellertown 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 Hellertown's latest annual appreciation rate is higher than 90% of the other cities and towns in Pennsylvania.
$328,794
for Pennsylvania
for nation
2,544
$1,816 / per month