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 1,903 people, 702 houses or apartments, and a median cost of homes of $318,300, Honey Brook real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Honey Brook, accounting for 57.03% of the borough's housing units. Other types of housing that are prevalent in Honey Brook include row houses and other attached homes ( 21.08%), duplexes, homes converted to apartments or other small apartment buildings ( 9.73%), and a few mobile homes or trailers ( 8.65%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Honey Brook. Owner-occupied housing accounts for 76.78% of Honey Brook's homes, and 69.73% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Honey Brook built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Honey Brook built before 1939 ( 27.97%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.54%). There's also some housing in Honey Brook built between 2000 and later ( 13.11%).
Honey Brook's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Honey Brook during the period has been just 5.25%, which is lower than 70% of US communities.
Appreciation rates are so strong in Honey Brook that despite a nationwide downturn in the housing market, Honey Brook real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Honey Brook appreciation rates continue to be some of the highest in America, at 8.33%, which is higher than appreciation rates in 73.62% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Honey Brook. Honey Brook appreciation rates in the latest quarter were at 1.44%, which equates to an annual appreciation rate of 5.90%.
Relative to Pennsylvania, our data show that Honey Brook's latest annual appreciation rate is higher than 70% of the other cities and towns in Pennsylvania.
$318,300
for Pennsylvania
for nation
702
$1,916 / per month