menu
Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Pen Argyl, PA Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Pen Argyl, PA Housing Market Trends

With 1,155 people, 1,321 houses or apartments, and a median cost of homes of $281,303, Pen Argyl 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 Pen Argyl, accounting for 48.20% of the borough's housing units. Other types of housing that are prevalent in Pen Argyl include row houses and other attached homes ( 35.88%), duplexes, homes converted to apartments or other small apartment buildings ( 9.84%), and a few large apartment complexes or high rise apartments ( 6.09%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Pen Argyl. Owner-occupied housing accounts for 68.86% of Pen Argyl's homes, and 68.86% have either three or four bedrooms, which is average sized relative to America.

The housing in Pen Argyl was primarily built before 1939 ( 65.96%), making the housing stock in Pen Argyl some of the oldest overall in America, although there is a range of ages of homes in Pen Argyl. The next most important housing age is between 1940-1969 ( 20.52%), followed by between 1970-1999 ( 8.92%). There's also some housing in Pen Argyl built between 2000 and later ( 4.60%).

Pen Argyl Home Appreciation Rates

Real estate appreciation rates in Pen Argyl's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.34% during the period.

NeighborhoodScout's data show that during the latest twelve months, Pen Argyl's appreciation rate, at 6.82%, has been at or slightly above the national average. In the latest quarter, Pen Argyl's appreciation rate has been 4.93%, which annualizes to a rate of 21.23%.

Importantly, this makes Pen Argyl 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 Pen Argyl's latest annual appreciation rate is lower than 50% of the other cities and towns in Pennsylvania.

Average Home Values

Median Home Value

$281,303

Pen Argyl, PA Home Prices
> $1,432,000
$1,074,001 - $1,432,000
$716,001 - $1,074,000
$573,001 - $716,000
$429,001 - $573,000
$287,001 - $429,000
$143,001 - $287,000
$72,001 - $143,000
$0 - $72,000
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
8.5%
8.5%
6.7%
6.7%
27.3%
27.3%
41.5%
41.5%
9.5%
9.5%
6.5%
6.5%
0% 100.0%
% of Homes
High

for Pennsylvania

Average

for nation

Number of Homes And Apartments:

1,321

Pen Argyl Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,835 / per month

Homeownership Rate

Owners
Renters
68.9%
68.9%
31.1%
31.1%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
6.5%
6.5%
93.5%
93.5%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
4.6%
4.6%
8.9%
8.9%
20.5%
20.5%
66.0%
66.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
48.2%
48.2%
35.9%
35.9%
9.8%
9.8%
6.1%
6.1%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.4%
1.4%
2.8%
2.8%
24.9%
24.9%
54.1%
54.1%
14.8%
14.8%
2.1%
2.1%
0% 100.0%
% of Homes