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 794, 311 total housing units (homes and apartments), and a median house value of $231,670, house prices in Halifax are solidly below the national average.
Single-family detached homes are the single most common housing type in Halifax, accounting for 54.97% of the borough's housing units. Other types of housing that are prevalent in Halifax include row houses and other attached homes ( 22.10%), large apartment complexes or high rise apartments ( 17.40%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.52%).
The most prevalent building size and type in Halifax are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 51.77% owning and 48.23% renting.
The housing in Halifax was primarily built before 1939 ( 52.76%), making the housing stock in Halifax some of the oldest overall in America, although there is a range of ages of homes in Halifax. The next most important housing age is between 1940-1969 ( 27.35%), followed by between 1970-1999 ( 14.92%). There's also some housing in Halifax built between 2000 and later ( 4.97%).
Vacant housing appears to be an issue in Halifax. Fully 14.09% of the housing stock is classified as vacant. Left unchecked, vacant Halifax homes and apartments can be a drag on the real estate market, holding Halifax 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.
Halifax's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Halifax during the period has been just 4.94%, which is lower than 80% of US communities.
Over the last year, Halifax appreciation rates have trailed the rest of the nation. In the last twelve months, Halifax's appreciation rate has been 4.44%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Halifax were at 4.20%, which equates to an annual appreciation rate of 17.87%.
Importantly, this makes Halifax one of the highest appreciating communities in the nation for the latest quarter, and may signal the borough's near-future real estate investment strength.
Relative to Pennsylvania, our data show that Halifax's latest annual appreciation rate is lower than 70% of the other cities and towns in Pennsylvania.
$231,670
for Pennsylvania
for nation
311
$1,248 / per month