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 4,164 people, 1,927 houses or apartments, and a median cost of homes of $324,480, Kutztown real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Kutztown, accounting for 32.53% of the borough's housing units. Other types of housing that are prevalent in Kutztown include large apartment complexes or high rise apartments ( 27.36%), row houses and other attached homes ( 21.00%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 19.12%).
The most prevalent building size and type in Kutztown are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 45.72% owning and 54.28% renting.
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. Kutztown's housing was primarily built during this period, from the '40s through the '60s. A full 36.69% of the borough's housing hails from this era. Other housing ages represented in Kutztown include homes built before 1939 ( 30.56%) and housing constructed between 1970-1999 ( 24.43%). There's also some housing in Kutztown built between 2000 and later ( 8.33%).
Vacant housing appears to be an issue in Kutztown. Fully 11.85% of the housing stock is classified as vacant. Left unchecked, vacant Kutztown homes and apartments can be a drag on the real estate market, holding Kutztown 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 Kutztown have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 89.79%, which ranks in the top 50% nationwide. This equates to an annual average Kutztown house appreciation rate of 6.62%.
Appreciation rates are so strong in Kutztown that despite a nationwide downturn in the housing market, Kutztown real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Kutztown appreciation rates continue to be some of the highest in America, at 12.19%, which is higher than appreciation rates in 94.02% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Kutztown. Kutztown appreciation rates in the latest quarter were at 2.89%, which equates to an annual appreciation rate of 12.07%.
Relative to Pennsylvania, our data show that Kutztown's latest annual appreciation rate is higher than 90% of the other cities and towns in Pennsylvania.
$324,480
$1,801 / per month