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 a population of 6,886, 3,138 total housing units (homes and apartments), and a median house value of $121,891, house prices in Ambridge are some of the most affordable in Pennsylvania as well as the nation.
Single-family detached homes are the single most common housing type in Ambridge, accounting for 64.78% of the borough's housing units. Other types of housing that are prevalent in Ambridge include duplexes, homes converted to apartments or other small apartment buildings ( 16.19%), large apartment complexes or high rise apartments ( 14.69%), and a few row houses and other attached homes ( 3.39%).
The most prevalent building size and type in Ambridge are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 46.56% owning and 53.44% renting.
The housing in Ambridge was primarily built before 1939 ( 62.55%), making the housing stock in Ambridge some of the oldest overall in America, although there is a range of ages of homes in Ambridge. The next most important housing age is between 1940-1969 ( 31.41%), followed by between 1970-1999 ( 4.39%). There's also some housing in Ambridge built between 2000 and later ( 1.66%).
Vacant housing appears to be an issue in Ambridge. Fully 17.53% of the housing stock is classified as vacant. Left unchecked, vacant Ambridge homes and apartments can be a drag on the real estate market, holding Ambridge 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.
In the last 10 years, Ambridge has experienced some of the highest home appreciation rates of any community in the nation. Ambridge real estate appreciated 117.43% over the last ten years, which is an average annual home appreciation rate of 8.08%, putting Ambridge in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Ambridge definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Ambridge's appreciation rate, at 3.71%, has been at or slightly above the national average. In the latest quarter, Ambridge's appreciation rate has been -0.86%, which annualizes to a rate of -3.39%.
Notably, Ambridge's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Pennsylvania, our data show that Ambridge's latest annual appreciation rate is lower than 80% of the other cities and towns in Pennsylvania.
$121,891
for Pennsylvania
for nation
3,138
$1,536 / per month