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 7,434 people, 3,692 houses or apartments, and a median cost of homes of $165,131, house prices in White Oak are solidly below the national average.
Single-family detached homes are the single most common housing type in White Oak, accounting for 72.42% of the borough's housing units. Other types of housing that are prevalent in White Oak include large apartment complexes or high rise apartments ( 19.88%), duplexes, homes converted to apartments or other small apartment buildings ( 4.52%), and a few row houses and other attached homes ( 3.17%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in White Oak. Owner-occupied housing accounts for 67.02% of White Oak's homes, and 52.01% 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. White Oak's housing was primarily built during this period, from the '40s through the '60s. A full 56.19% of the borough's housing hails from this era. Other housing ages represented in White Oak include homes built between 1970-1999 ( 21.68%) and housing constructed before 1939 ( 16.00%). There's also some housing in White Oak built between 2000 and later ( 6.13%).
Appreciation rates for homes in White Oak have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 90.19%, which ranks in the top 50% nationwide. This equates to an annual average White Oak house appreciation rate of 6.64%.
Appreciation rates are so strong in White Oak that despite a nationwide downturn in the housing market, White Oak real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, White Oak appreciation rates continue to be some of the highest in America, at 8.09%, which is higher than appreciation rates in 71.18% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in White Oak. White Oak appreciation rates in the latest quarter were at 1.11%, which equates to an annual appreciation rate of 4.51%.
Relative to Pennsylvania, our data show that White Oak's latest annual appreciation rate is higher than 70% of the other cities and towns in Pennsylvania.
$165,131
for Pennsylvania
for nation
3,692
$1,470 / per month