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 9,271, 3,510 total housing units (homes and apartments), and a median house value of $320,123, Quakertown real estate prices are well above average cost compared to national prices.
Row houses and other attached homes are the single most common housing type in Quakertown, accounting for 37.18% of the borough's housing units. Other types of housing that are prevalent in Quakertown include single-family detached homes ( 33.05%), large apartment complexes or high rise apartments ( 20.87%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.90%). Boroughs that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of boroughs are often walkable and compact, and often have a lively downtown.
The most prevalent building size and type in Quakertown are three and four bedroom dwellings, chiefly found in row houses and other attached homes. The borough has a mixture of owners and renters, with 53.60% owning and 46.40% renting.
There is a lot of housing in Quakertown built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Quakertown built before 1939 ( 31.15%). A lesser amount of the housing stock also hails from between 1940-1969 ( 27.59%). There's also some housing in Quakertown built between 2000 and later ( 3.22%).
Quakertown's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Quakertown during the period has been just 5.47%, which is lower than 70% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Quakertown's appreciation rate, at 6.83%, has been at or slightly above the national average. In the latest quarter, Quakertown's appreciation rate has been 1.44%, which annualizes to a rate of 5.90%.
Relative to Pennsylvania, our data show that Quakertown's latest annual appreciation rate is lower than 50% of the other cities and towns in Pennsylvania.
One very important thing to keep in mind is that these are average appreciation rates for the borough. Individual neighborhoods within Quakertown differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Quakertown - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Quakertown real estate investment or home purchase decisions.
$320,123
for Pennsylvania
for nation
3,510
$2,075 / per month