menu
Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Slippery Rock, PA Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Slippery Rock, PA Housing Market Trends

With 3,591 people, 1,195 houses or apartments, and a median cost of homes of $271,565, Slippery Rock real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Slippery Rock, accounting for 36.05% of the borough's housing units. Other types of housing that are prevalent in Slippery Rock include large apartment complexes or high rise apartments ( 34.16%), duplexes, homes converted to apartments or other small apartment buildings ( 15.09%), and a few row houses and other attached homes ( 13.75%).

Renters dominate Slippery Rock's housing market, and most live in three of four bedroom dwellings, chiefly found in single-family detached homes.

There is a lot of housing in Slippery Rock built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Slippery Rock built between 2000 and later ( 28.50%). A lesser amount of the housing stock also hails from before 1939 ( 19.00%). There's also some housing in Slippery Rock built between 1940-1969 ( 14.08%).

Vacant housing appears to be an issue in Slippery Rock. Fully 19.47% of the housing stock is classified as vacant. Left unchecked, vacant Slippery Rock homes and apartments can be a drag on the real estate market, holding Slippery Rock 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.

Slippery Rock Home Appreciation Rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Slippery Rock, where house values have increased just 49.05%, which is annualized rate of 4.07%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

NeighborhoodScout's data show that during the latest twelve months, Slippery Rock's appreciation rate, at 5.71%, has been at or slightly above the national average. In the latest quarter, Slippery Rock's appreciation rate has been 0.00%, which annualizes to a rate of 0.00%.

Relative to Pennsylvania, our data show that Slippery Rock's latest annual appreciation rate is lower than 60% of the other cities and towns in Pennsylvania.

Average Home Values

Median Home Value

$271,565

Slippery Rock Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,337 / per month

Homeownership Rate

Owners
Renters
28.0%
28.0%
72.0%
72.0%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
19.5%
19.5%
80.5%
80.5%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
28.5%
28.5%
38.4%
38.4%
14.1%
14.1%
19.0%
19.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
36.1%
36.1%
13.7%
13.7%
15.1%
15.1%
34.2%
34.2%
0.9%
0.9%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
4.4%
4.4%
11.7%
11.7%
28.8%
28.8%
32.3%
32.3%
15.5%
15.5%
7.2%
7.2%
0% 100.0%
% of Homes