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 4,545 people, 1,951 houses or apartments, and a median cost of homes of $279,898, Jim Thorpe 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 Jim Thorpe, accounting for 65.20% of the borough's housing units. Other types of housing that are prevalent in Jim Thorpe include row houses and other attached homes ( 26.47%), duplexes, homes converted to apartments or other small apartment buildings ( 4.65%), and a few mobile homes or trailers ( 1.86%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Jim Thorpe. Owner-occupied housing accounts for 82.30% of Jim Thorpe's homes, and 62.03% have either three or four bedrooms, which is average sized relative to America.
The housing in Jim Thorpe was primarily built before 1939 ( 64.95%), making the housing stock in Jim Thorpe some of the oldest overall in America, although there is a range of ages of homes in Jim Thorpe. The next most important housing age is between 1970-1999 ( 18.48%), followed by between 1940-1969 ( 10.66%). There's also some housing in Jim Thorpe built between 2000 and later ( 5.92%).
Vacant housing appears to be an issue in Jim Thorpe. Fully 17.51% of the housing stock is classified as vacant. Left unchecked, vacant Jim Thorpe homes and apartments can be a drag on the real estate market, holding Jim Thorpe 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.
Appreciation rates for homes in Jim Thorpe have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 104.44%, which ranks in the top 30% nationwide. This equates to an annual average Jim Thorpe house appreciation rate of 7.41%.
Appreciation rates are so strong in Jim Thorpe that despite a nationwide downturn in the housing market, Jim Thorpe real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Jim Thorpe appreciation rates continue to be some of the highest in America, at 8.36%, which is higher than appreciation rates in 73.92% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Jim Thorpe. Jim Thorpe appreciation rates in the latest quarter were at 4.93%, which equates to an annual appreciation rate of 21.23%.
Importantly, this makes Jim Thorpe 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 Jim Thorpe's latest annual appreciation rate is higher than 70% of the other cities and towns in Pennsylvania.
$279,898
for Pennsylvania
for nation
1,951
$1,316 / per month