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Economy Borough, PA Housing

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As of 2010-2014, median price of a house in Economy Borough is $162,300, which is about the same as the state average of $164,900 and is lower than the national average of $175,700. The Economy Borough median house value has grown by 44.14% since 2000. The growth rate for the price of a house in Economy Borough is lower than the state average rate of 70.00% and is lower than the national average rate of 46.91%. The median year that a house in Economy Borough was built is 1971, which is newer than the median year for a house built in the state which is 1961 and is older than the median year for a house built in the USA which is 1976.

Topics:House Value Housing Occupancy Year Structure Built Mortgage Status Mortgage Owner's Costs None-Mortgage Owner's Costs Units in Structure Rooms Bedrooms House Heating Fuel Gross Rent Vehicle Available

House Value

Median Value of a Total of 3,422 Owner Occupied Houses in Economy Borough, PA, #453

Economy Borough, PA	162,300 USD
Pennsylvania	164,900 USD
U.S.	175,700 USD

Median House Price Growth Since 2000, #777

Economy Borough, PA	44.14%
Pennsylvania	70.00%
U.S.	46.91%

Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

	Economy Borough, PA	Pennsylvania	U.S.
Total Housing Units	3,722, see rank, 100%	5,578,393	132,741,033
Occupied Housing Units	3,581, 96.21%, see rank	88.87%	87.55%
Owner Occupied	3,422, 91.94%, see rank	61.78%	56.34%
Renter Occupied	159, 4.27%, see rank	27.10%	31.21%
Vacant Housing Units	141, 3.79%, see rank	11.13%	12.45%
For Rent	0, 0.00%, see rank	1.77%	2.34%
For Sale Only	97, 2.61%, see rank	1.08%	1.20%
Rented or Sold, Not Occupied	0, 0.00%, see rank	0.87%	0.92%
For Seasonal, Recreational, or Occasional Use	10, 0.27%, see rank	3.08%	3.97%
For Migrant Workers	0, 0.00%, see rank	0.01%	0.03%
Other Vacant	34, 0.91%, see rank	4.31%	4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #302

Economy Borough, PA	Pennsylvania	U.S.
1971	1961	1976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

	Economy Borough, PA	%	Pennsylvania	U.S.
Owner-Occupied Units	3,422	100%	3,446,230	74,787,460
With a Mortgage	2,183	63.79%, see rank	61.86%	65.58%
Without a Mortgage	1,239	36.21%, see rank	38.14%	34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage

Median Owner Costs, see rank

Economy Borough, PA	1,538 USD
Pennsylvania	1,443 USD
U.S.	1,522 USD

Owner Costs Distribution

Monthly Owner Costs	Economy Borough, PA	%	Pennsylvania	U.S.
$299 or Less	0	0.00%, see rank	0.14%	0.20%
$300 to $499	9	0.41%, see rank	1.71%	1.59%
$500 to $699	76	3.48%, see rank	5.59%	5.01%
$700 to $999	237	10.86%, see rank	15.72%	14.32%
$1,000 to $1,499	709	32.48%, see rank	30.12%	27.90%
$1,500 to $1,999	636	29.13%, see rank	21.20%	20.35%
$2,000 to $2,999	417	19.10%, see rank	18.03%	19.52%
$3,000 or More	99	4.54%, see rank	7.50%	11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Economy Borough, PA	22.00% of the Total Income
Pennsylvania	22.70% of the Total Income
U.S.	23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Economy Borough, PA	%	Pennsylvania	U.S.
10% or Less	115	5.27%, see rank	6.45%	5.86%
10% to 20%	772	35.36%, see rank	34.37%	31.95%
20% to 30%	836	38.30%, see rank	28.10%	27.64%
30% to 40%	241	11.04%, see rank	12.95%	13.74%
40% or More	219	10.03%, see rank	17.70%	20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage

Median Owner Costs, see rank

Economy Borough, PA	560 USD
Pennsylvania	495 USD
U.S.	457 USD

Owner Costs Distribution

Monthly Owner Costs	Economy Borough, PA	%	Pennsylvania	U.S.
$199 or Less	17	1.37%, see rank	3.93%	7.76%
$200 to $299	70	5.65%, see rank	10.62%	14.70%
$300 to $499	348	28.09%, see rank	36.51%	34.63%
$500 to $699	484	39.06%, see rank	26.66%	21.16%
$700 or More	320	25.83%, see rank	22.28%	21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Economy Borough, PA	11.60% of the Total Income
Pennsylvania	13.50% of the Total Income
U.S.	12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Economy Borough, PA	%	Pennsylvania	U.S.
10% or Less	530	42.78%, see rank	35.42%	40.19%
10% to 20%	434	35.03%, see rank	33.18%	31.47%
20% to 30%	139	11.22%, see rank	14.06%	12.24%
30% to 40%	63	5.08%, see rank	6.58%	5.64%
40% or More	73	5.89%, see rank	9.77%	9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

	Economy Borough, PA	Pennsylvania	U.S.
Total Housing Units	3,722, 100%	5,578,393	132,741,033
1-unit, Detached	3,519, 94.55%, see rank	57.06%	61.65%
1-unit, Attached	83, 2.23%, see rank	18.34%	5.82%
2 Units	24, 0.64%, see rank	4.68%	3.75%
3 or 4 Units	21, 0.56%, see rank	4.14%	4.43%
5 to 9 Units	0, 0.00%, see rank	3.34%	4.78%
10 or More Units	0, 0.00%, see rank	8.30%	13.08%
Mobile Home, Boat, RV, Van, etc.	75, 2.02%, see rank	4.13%	6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

	Economy Borough, PA	Pennsylvania	U.S.
Total Housing Units	3,722, 100%	5,578,393	132,741,033
1 Room	0, 0.00%, see rank	1.73%	1.95%
2 Rooms	0, 0.00%, see rank	1.73%	2.48%
3 Rooms	77, 2.07%, see rank	7.21%	9.13%
4 Rooms	162, 4.35%, see rank	12.40%	16.60%
5 Rooms	521, 14.00%, see rank	16.40%	20.41%
6 Rooms	836, 22.46%, see rank	21.82%	18.06%
7 Rooms	766, 20.58%, see rank	14.82%	12.27%
8 Rooms	687, 18.46%, see rank	10.70%	8.48%
9 Rooms or More	673, 18.08%, see rank	13.18%	10.60%
Median Rooms	6.80, see rank	6.00	5.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

	Economy Borough, PA	Pennsylvania	U.S.
Total Housing Units	3,722, 100%	5,578,393	132,741,033
No Bedroom	0, 0.00%, see rank	1.91%	2.17%
1 Bedroom	37, 0.99%, see rank	10.50%	11.16%
2 Bedrooms	665, 17.87%, see rank	23.23%	26.69%
3 Bedrooms	2,062, 55.40%, see rank	43.09%	39.70%
4 Bedrooms	793, 21.31%, see rank	17.04%	16.05%
5 or More Bedrooms	165, 4.43%, see rank	4.22%	4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

	Economy Borough, PA	Pennsylvania	U.S.
Total Housing Units	3,581, 100%	4,957,736	116,211,092
Utility Gas	2,586, 72.21%, see rank	51.01%	48.85%
Bottled, Tank, or LP Gas	48, 1.34%, see rank	3.81%	4.86%
Electricity	590, 16.48%, see rank	21.18%	36.68%
Fuel Oil, Kerosene, etc.	279, 7.79%, see rank	18.77%	5.86%
Coal or Coke	0, 0.00%, see rank	1.37%	0.12%
Wood	60, 1.68%, see rank	2.87%	2.12%
Solar Energy	0, 0.00%, see rank	0.03%	0.05%
Other Fuel	18, 0.50%, see rank	0.65%	0.47%
No Fuel Used	0, 0.00%, see rank	0.30%	1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly Rental	Economy Borough, PA	Pennsylvania	U.S.
Occupied Units Paying Rent	142, 100%	1,418,302	39,201,928
$199 or Less	0, 0.00%, see rank	1.98%	1.50%
$200 to $299	0, 0.00%, see rank	4.36%	3.18%
$300 to $499	0, 0.00%, see rank	9.44%	7.37%
$500 to $699	6, 4.23%, see rank	19.30%	16.01%
$700 to $999	136, 95.77%, see rank	32.15%	29.17%
$1,000 to $1,499	0, 0.00%, see rank	23.68%	26.88%
$1,500 to $1,999	0, 0.00%, see rank	5.77%	9.79%
$2,000 or More	0, 0.00%, see rank	3.33%	6.10%
Median	$829, see rank	$832	$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

	Economy Borough, PA	Pennsylvania	U.S.
Occupied Housing Units	3,581, 100%	4,957,736	116,211,092
No Vehicles Available	60, 1.68%, see rank	11.52%	9.12%
1 Vehicles Available	768, 21.45%, see rank	34.19%	33.80%
2 Vehicles Available	1,783, 49.79%, see rank	36.47%	37.48%
3 or More Vehicles Available	970, 27.09%, see rank	17.82%	19.61%

*Based on 2010-2014 data. View historical vehicle available data.