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 2,073 people, 802 houses or apartments, and a median cost of homes of $277,869, Temple 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 Temple, accounting for 42.37% of the town's housing units. Other types of housing that are prevalent in Temple include row houses and other attached homes ( 21.35%), duplexes, homes converted to apartments or other small apartment buildings ( 21.24%), and a few large apartment complexes or high rise apartments ( 15.04%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Temple. Owner-occupied housing accounts for 69.17% of Temple's homes, and 66.48% have either three or four bedrooms, which is average sized relative to America.
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. Temple's housing was primarily built during this period, from the '40s through the '60s. A full 36.97% of the town's housing hails from this era. Other housing ages represented in Temple include homes built before 1939 ( 36.39%) and housing constructed between 1970-1999 ( 26.64%).
Appreciation rates for homes in Temple have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 95.18%, which ranks in the top 50% nationwide. This equates to an annual average Temple house appreciation rate of 6.92%.
Appreciation rates are so strong in Temple that despite a nationwide downturn in the housing market, Temple real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Temple appreciation rates continue to be some of the highest in America, at 9.02%, which is higher than appreciation rates in 80.89% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Temple. Temple 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 Temple's latest annual appreciation rate is higher than 70% of the other cities and towns in Pennsylvania.
$277,869
for Pennsylvania
for nation
802
$2,295 / per month