Coal Center appreciation rates and housing market information

Coal Center housing market information

With a population of 2,152, 2,109 total housing units (homes and apartments), and a median house value of $115,463, house prices in Coal Center are solidly below the national average.

single-family detached homes are the single most common housing type in Coal Center, accounting for 65.05% of the town's housing units. Other types of housing that are prevalent in Coal Center include large apartment complexes or high rise apartments (13.13%), duplexes, homes converted to apartments, or other small apartment buildings (11.62%), mobile homes or trailers (5.78%), and a few row houses and other attached homes (4.46%).

Dwellings in Coal Center tend to be quite small (one, two, or no bedrooms) and owner-occupied. In fact, 53.16% of the homes in Coal Center have two or fewer bedrooms.

The housing in Coal Center was primarily built before 1939 (43.48%), making the housing stock in Coal Center some of the older overall in America, although there is a range of ages of homes in Coal Center. The next most important Coal Center housing age is 1940-1969 (30.58%), followed by 1970-1994 (23.71%). There's also some housing in Coal Center built between 1995 and later (2.23%).

Coal Center home appreciation rates

Real estate appreciation rates in Coal Center have tracked to near the national average over the last ten years, with the annual appreciation rate averaging 6.92% during the period.

Appreciation rates are so strong in Coal Center that despite a nationwide downturn in the housing market, Coal Center real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Coal Center appreciation rates continue to be some of the highest in America, at 3.32%, which is higher than appreciation rates in 78% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Coal Center. Coal Center appreciation rates in the latest quarter were at 2.07%, which equates to an annual appreciation rate of 8.28%.

Importantly, this makes Coal Center one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to Pennsylvania, our data show that Coal Center's latest annual appreciation rate is higher than 78% of the other cities and towns in Pennsylvania.