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 1,155 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%).
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.
$281,303
for Pennsylvania
for nation
1,321
$1,835 / per month