Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Northampton County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Median Home Price | $201,444 | $154,283 | $242,182 |
| Price Trend (Annual %) | 4.5% | 4.4% | 8.2% |
| Median Gross Rent | $1,335 | $1,161 | $1,342 |
| Rent Trend (Annual %) | 4.7% | 4.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Northampton County is about 31% higher than in Pennsylvania. Rent is about 15% higher than the Pennsylvania average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Northampton County, up about 4.5% and 4.7% a year respectively. Rent is changing faster.
Median rent in Northampton County rose about 39.6% between 2015 and 2023, from $956 to $1,335. Over the same span, rent in Pennsylvania rose about 38.3%.
Affordability
On average, housing unit costs 2.3 yearly household incomes in Northampton County.
Buying the median-priced home in Northampton County costs roughly 12.6 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Northampton County. The price-to-rent ratio in Pennsylvania is about 11.1.
| Metric | Northampton County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Median Home Price | $201,444 | $154,283 | $242,182 |
| Median Household Income | $87,990 | $76,231 | $78,145 |
| Price-to-Income Ratio | 2.3 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Northampton County rose about 39.8%, while median household income rose about 49.2% between 2009 and 2023 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Northampton County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 67.2% | 62.8% | 58.2% |
| Rental Rate | 27.3% | 27.8% | 31.3% |
| Vacancy Rate | 5.5% | 9.4% | 10.6% |
| Median Tenure (years) | 17.0 | 17.0 | 15.0 |
| Median Year Moved In | 2009 | 2009 | 2011 |
Northampton County has a homeownership rate of 67.2%, higher than the Pennsylvania average of 62.8%. Its housing vacancy rate is 5.5%, compared with 9.4% in Pennsylvania.
Housing Stock
| Metric | Northampton County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.49 people | 2.40 people | 2.54 people |
| Median Structure Built Year | 1968 | 1965 | 1978 |
| Median Number of Rooms | 6.2 | 6.0 | 5.5 |
The typical housing unit in Northampton County was built around 1968. On average, 2.5 people live in a home with about 6.2 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Northampton County, Pennsylvania.
What is the median home price in Northampton County, Pennsylvania?
The median home price in Northampton County, Pennsylvania is $201,444, higher than the Pennsylvania average of $154,283.
What is the average home price in Northampton County, Pennsylvania?
The typical home price in %s, reported as the median sale price, is %s. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Northampton County, Pennsylvania?
The median gross rent in Northampton County, Pennsylvania is $1,335 per month, higher than the Pennsylvania average of $1,161.
What was the median gross rent in Northampton County in 2020?
In 2020, the median gross rent in Northampton County, Pennsylvania was $1,106 per month.
What is the price-to-rent ratio in Northampton County, Pennsylvania?
The price-to-rent ratio in Northampton County, Pennsylvania is about 12.6, meaning it would take roughly 12.6 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Northampton County.
Are home prices or rent rising faster in Northampton County, Pennsylvania?
Both home prices and rent are rising in Northampton County, up about 4.5% and 4.7% a year respectively. Rent is changing faster.
What is the homeownership rate in Northampton County, Pennsylvania?
67.2% of households in Northampton County, Pennsylvania own their home, higher than the Pennsylvania average of 62.8%.
What is the vacancy rate in Northampton County, Pennsylvania?
The housing vacancy rate in Northampton County, Pennsylvania is 5.5%, lower than the Pennsylvania average of 9.4%.