South Park appreciation rates and housing market information

South Park housing market information

With 11,557 people, 5,616 houses or apartments, and a median cost of homes of $172,078, South Park real estate prices are well above average cost compared to national prices.

single-family detached homes are the single most common housing type in South Park, accounting for 74.55% of the town's housing units. Other types of housing that are prevalent in South Park include large apartment complexes or high rise apartments (14.12%), row houses and other attached homes (7.46%), and a few duplexes, homes converted to apartments, or other small apartment buildings (3.86%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in South Park. Owner-occupied housing accounts for 74.54% of South Park's homes, and 68.71% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in South Park built from 1970-1994, 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 South Park built from 1940-1969 (31.64%). A lesser amount of the housing stock also hails from 1939 and earlier (10.36%), and some were built from 1995 and later (10.36%).

South Park home appreciation rates

South Park's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in South Park during the period has been just 4.78%, which is lower than % of US communities.

NeighborhoodScout's data show that during the latest twelve months, South Park home appreciation rates, at 1.18%, have been at or slightly above the national average. In the latest quarter, South Park's appreciation rate has been 1.53%, which annualizes to a rate of 6.12%.

Relative to Pennsylvania, our data show that South Park's latest annual appreciation rate is higher than 47% of the other cities and towns in Pennsylvania.