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 3,236 people, 29 houses or apartments, and a median cost of homes of $194,843, house prices in Trafford are solidly below the national average.
Duplexes, homes converted to apartments or other small apartment buildings are the single most common housing type in Trafford, accounting for 65.22% of the borough's housing units. Other types of housing that are prevalent in Trafford include row houses and other attached homes ( 23.48%), single-family detached homes ( 11.30%). Boroughs with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact boroughs that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.
People in Trafford primarily live in small (one, two or no bedroom) units, chiefly found in duplexes, homes converted to apartments or other small apartment buildings. Trafford has a mixture of owner-occupied and renter-occupied housing.
The housing in Trafford was primarily built before 1939 ( 65.22%), making the housing stock in Trafford some of the oldest overall in America, although there is a range of ages of homes in Trafford. The next most important housing age is between 1970-1999 ( 23.48%), followed by between 1940-1969 ( 11.30%).
Vacant housing appears to be an issue in Trafford. Fully 74.78% of the housing stock is classified as vacant. Left unchecked, vacant Trafford homes and apartments can be a drag on the real estate market, holding Trafford 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.
Some of the lowest real estate appreciation rates in America over the last ten years have been in Trafford, where house values have increased just 58.80%, which is annualized rate of 4.73%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
NeighborhoodScout's data show that during the latest twelve months, Trafford's appreciation rate, at 3.71%, has been at or slightly above the national average. In the latest quarter, Trafford's appreciation rate has been -0.86%, which annualizes to a rate of -3.39%.
Relative to Pennsylvania, our data show that Trafford's latest annual appreciation rate is lower than 70% of the other cities and towns in Pennsylvania.
$194,843
for Pennsylvania
for nation
29
$1,523 / per month