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 2,812, 1,359 total housing units (homes and apartments), and a median house value of $120,440, house prices in Ford City 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 Ford City, accounting for 60.56% of the borough's housing units. Other types of housing that are prevalent in Ford City include row houses and other attached homes ( 24.86%), duplexes, homes converted to apartments or other small apartment buildings ( 8.41%), and a few large apartment complexes or high rise apartments ( 6.17%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Ford City. Owner-occupied housing accounts for 67.75% of Ford City's homes, and 50.57% have either three or four bedrooms, which is average sized relative to America.
The housing in Ford City was primarily built before 1939 ( 59.53%), making the housing stock in Ford City some of the oldest overall in America, although there is a range of ages of homes in Ford City. The next most important housing age is between 1940-1969 ( 28.31%), followed by between 1970-1999 ( 11.43%).
Vacant housing appears to be an issue in Ford City. Fully 17.79% of the housing stock is classified as vacant. Left unchecked, vacant Ford City homes and apartments can be a drag on the real estate market, holding Ford City 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.
Ford City's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Ford City during the period has been just 5.28%, which is lower than 70% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Ford City's appreciation rate, at 7.99%, has been at or slightly above the national average. In the latest quarter, Ford City's appreciation rate has been -0.57%, which annualizes to a rate of -2.27%.
Notably, Ford City's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Pennsylvania, our data show that Ford City's latest annual appreciation rate is lower than 60% of the other cities and towns in Pennsylvania.
$120,440
for Pennsylvania
for nation
1,359
$1,204 / per month