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 9,848, 3,443 total housing units (homes and apartments), and a median house value of $284,499, Drums real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Drums, accounting for 84.85% of the town's housing units. Other types of housing that are prevalent in Drums include row houses and other attached homes ( 7.49%), large apartment complexes or high rise apartments ( 3.79%), and a few mobile homes or trailers ( 2.16%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Drums. Owner-occupied housing accounts for 82.68% of Drums's homes, and 73.51% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Drums 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 Drums built between 2000 and later ( 30.61%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.71%). There's also some housing in Drums built before 1939 ( 6.54%).
Drums's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Drums during the period has been just 4.66%, which is lower than 80% of US communities.
Over the last year, Drums appreciation rates have trailed the rest of the nation. In the last twelve months, Drums's appreciation rate has been -1.63%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Drums were at -1.26%, which equates to an annual appreciation rate of -4.95%.
Notably, Drums's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Pennsylvania, our data show that Drums's latest annual appreciation rate is lower than 90% of the other cities and towns in Pennsylvania.
$284,499
for Pennsylvania
for nation
3,443
$2,240 / per month