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 6,210 people, 2,264 houses or apartments, and a median cost of homes of $515,467, Oreland real estate is some of the most expensive in Pennsylvania, although Oreland home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Oreland, accounting for 84.92% of the town's housing units. Other types of housing that are prevalent in Oreland include duplexes, homes converted to apartments or other small apartment buildings ( 10.28%), row houses and other attached homes ( 4.79%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Oreland. Owner-occupied housing accounts for 86.33% of Oreland's homes, and 83.01% have either three or four bedrooms, which is average sized relative to America.
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. Oreland's housing was primarily built during this period, from the '40s through the '60s. A full 67.19% of the town's housing hails from this era. Other housing ages represented in Oreland include homes built between 1970-1999 ( 16.56%) and housing constructed before 1939 ( 11.29%). There's also some housing in Oreland built between 2000 and later ( 4.97%).
Oreland's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Oreland during the period has been just 5.36%, which is lower than 70% of US communities.
Over the last year, Oreland appreciation rates have trailed the rest of the nation. In the last twelve months, Oreland's appreciation rate has been 6.69%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Oreland were at 2.46%, which equates to an annual appreciation rate of 10.20%.
Relative to Pennsylvania, our data show that Oreland's latest annual appreciation rate is lower than 70% of the other cities and towns in Pennsylvania.
$515,467
for Pennsylvania
for nation
2,264
$2,101 / per month