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 6,911, 2,704 total housing units (homes and apartments), and a median house value of $113,655, house prices in Tamaqua are some of the most affordable in Pennsylvania as well as the nation.
Row houses and other attached homes are the single most common housing type in Tamaqua, accounting for 44.46% of the borough's housing units. Other types of housing that are prevalent in Tamaqua include single-family detached homes ( 29.04%), large apartment complexes or high rise apartments ( 14.91%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 11.19%). 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 Tamaqua 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 62.06% owning and 37.94% renting.
The housing in Tamaqua was primarily built before 1939 ( 67.69%), making the housing stock in Tamaqua some of the oldest overall in America, although there is a range of ages of homes in Tamaqua. The next most important housing age is between 1940-1969 ( 18.03%), followed by between 1970-1999 ( 12.18%). There's also some housing in Tamaqua built between 2000 and later ( 2.10%).
Vacant housing appears to be an issue in Tamaqua. Fully 18.87% of the housing stock is classified as vacant. Left unchecked, vacant Tamaqua homes and apartments can be a drag on the real estate market, holding Tamaqua 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.
Real estate appreciation rates in Tamaqua's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.76% during the period.
Over the last year, Tamaqua appreciation rates have trailed the rest of the nation. In the last twelve months, Tamaqua's appreciation rate has been 4.67%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Tamaqua were at 2.01%, which equates to an annual appreciation rate of 8.30%.
Relative to Pennsylvania, our data show that Tamaqua's latest annual appreciation rate is lower than 70% of the other cities and towns in Pennsylvania.
$113,655
for Pennsylvania
for nation
2,704
$1,406 / per month