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 2,073 people, 862 houses or apartments, and a median cost of homes of $284,903, Temple 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 Temple, accounting for 36.41% of the town's housing units. Other types of housing that are prevalent in Temple include large apartment complexes or high rise apartments ( 26.50%), duplexes, homes converted to apartments or other small apartment buildings ( 19.04%), and a few row houses and other attached homes ( 18.04%).
The most prevalent building size and type in Temple are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 57.34% owning and 42.66% renting.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Temple's housing was primarily built during this period, from the '40s through the '60s. A full 52.12% of the town's housing hails from this era. Other housing ages represented in Temple include homes built before 1939 ( 29.96%) and housing constructed between 1970-1999 ( 14.25%). There's also some housing in Temple built between 2000 and later ( 3.67%).
Appreciation rates for homes in Temple have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 104.77%, which ranks in the top 40% nationwide. This equates to an annual average Temple house appreciation rate of 7.43%.
Appreciation rates are so strong in Temple that despite a nationwide downturn in the housing market, Temple real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Temple appreciation rates continue to be some of the highest in America, at 7.56%, which is higher than appreciation rates in 87.28% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Temple. Temple appreciation rates in the latest quarter were at 2.56%, which equates to an annual appreciation rate of 10.65%.
Importantly, this makes Temple one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Pennsylvania, our data show that Temple's latest annual appreciation rate is higher than 80% of the other cities and towns in Pennsylvania.
$284,903
for Pennsylvania
for nation
862
$2,445 / per month