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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.



Towanda, 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

Towanda, PA Housing Market Trends

With 2,785 people, 1,202 houses or apartments, and a median cost of homes of $211,234, house prices in Towanda are solidly below the national average.

Single-family detached homes are the single most common housing type in Towanda, accounting for 66.62% of the borough's housing units. Other types of housing that are prevalent in Towanda include duplexes, homes converted to apartments or other small apartment buildings ( 14.42%), large apartment complexes or high rise apartments ( 14.09%), and a few mobile homes or trailers ( 4.01%).

The most prevalent building size and type in Towanda are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 55.44% owning and 44.56% renting.

The housing in Towanda was primarily built before 1939 ( 62.62%), making the housing stock in Towanda some of the oldest overall in America, although there is a range of ages of homes in Towanda. The next most important housing age is between 1970-1999 ( 17.69%), followed by between 1940-1969 ( 15.75%). There's also some housing in Towanda built between 2000 and later ( 3.94%).

Vacant housing appears to be an issue in Towanda. Fully 19.76% of the housing stock is classified as vacant. Left unchecked, vacant Towanda homes and apartments can be a drag on the real estate market, holding Towanda 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.

Towanda Home Appreciation Rates

Real estate appreciation rates in Towanda's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.12% during the period.

NeighborhoodScout's data show that during the latest twelve months, Towanda's appreciation rate, at 7.13%, has been at or slightly above the national average. In the latest quarter, Towanda's appreciation rate has been 2.01%, which annualizes to a rate of 8.30%.

Relative to Pennsylvania, our data show that Towanda's latest annual appreciation rate is higher than 50% of the other cities and towns in Pennsylvania.

Average Home Values

Median Home Value

$211,234

Towanda, PA Home Prices
> $1,415,000
$1,060,001 - $1,415,000
$707,001 - $1,060,000
$566,001 - $707,000
$424,001 - $566,000
$283,001 - $424,000
$141,001 - $283,000
$71,001 - $141,000
$0 - $71,000
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
1.8%
1.8%
18.0%
18.0%
64.7%
64.7%
9.8%
9.8%
5.7%
5.7%
0% 100.0%
% of Homes
Low

for Pennsylvania

Low

for nation

Number of Homes And Apartments:

1,202

Towanda Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,415 / per month

Homeownership Rate

Owners
Renters
55.4%
55.4%
44.6%
44.6%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
19.8%
19.8%
80.2%
80.2%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
3.9%
3.9%
17.7%
17.7%
15.8%
15.8%
62.6%
62.6%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
66.6%
66.6%
0.9%
0.9%
14.4%
14.4%
14.1%
14.1%
4.0%
4.0%
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
4.3%
4.3%
9.0%
9.0%
27.8%
27.8%
29.8%
29.8%
16.4%
16.4%
12.6%
12.6%
0% 100.0%
% of Homes

Popular Neighborhoods in Towanda

Zip Codes in Towanda, PA