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 4,644 people, 2,632 houses or apartments, and a median cost of homes of $199,011, house prices in Avalon are solidly below the national average.
Large apartment complexes or high rise apartments are the single most common housing type in Avalon, accounting for 41.78% of the borough's housing units. Other types of housing that are prevalent in Avalon include single-family detached homes ( 36.95%), duplexes, homes converted to apartments or other small apartment buildings ( 16.85%), and a few row houses and other attached homes ( 4.42%). 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.
People in Avalon primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Avalon has a mixture of owner-occupied and renter-occupied housing.
The housing in Avalon was primarily built before 1939 ( 38.84%), making the housing stock in Avalon some of the oldest overall in America, although there is a range of ages of homes in Avalon. The next most important housing age is between 1940-1969 ( 38.03%), followed by between 1970-1999 ( 22.39%).
Vacant housing appears to be an issue in Avalon. Fully 11.11% of the housing stock is classified as vacant. Left unchecked, vacant Avalon homes and apartments can be a drag on the real estate market, holding Avalon 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.
Appreciation rates for homes in Avalon have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 101.50%, which ranks in the top 40% nationwide. This equates to an annual average Avalon house appreciation rate of 7.26%.
NeighborhoodScout's data show that during the latest twelve months, Avalon's appreciation rate, at 7.67%, has been at or slightly above the national average. In the latest quarter, Avalon's appreciation rate has been 0.61%, which annualizes to a rate of 2.46%.
Relative to Pennsylvania, our data show that Avalon's latest annual appreciation rate is lower than 60% of the other cities and towns in Pennsylvania.
$199,011
for Pennsylvania
for nation
2,632
$1,391 / per month