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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 20,409, 7,727 total housing units (homes and apartments), and a median house value of $124,795, house prices in Pittsburg are solidly below the national average.
Single-family detached homes are the single most common housing type in Pittsburg, accounting for 68.92% of the city's housing units. Other types of housing that are prevalent in Pittsburg include large apartment complexes or high rise apartments ( 16.61%), duplexes, homes converted to apartments or other small apartment buildings ( 10.30%), and a few row houses and other attached homes ( 2.20%).
People in Pittsburg primarily live in small (one, two or no bedroom) single-family detached homes. Pittsburg has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Pittsburg 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 Pittsburg built between 1940-1969 ( 25.56%). A lesser amount of the housing stock also hails from before 1939 ( 25.52%). There's also some housing in Pittsburg built between 2000 and later ( 15.78%).
Vacant housing appears to be an issue in Pittsburg. Fully 15.87% of the housing stock is classified as vacant. Left unchecked, vacant Pittsburg homes and apartments can be a drag on the real estate market, holding Pittsburg 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.
Appreciation rates for homes in Pittsburg have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 12.16%, which ranks in the top 30% nationwide. This equates to an annual average Pittsburg house appreciation rate of 1.15%.
Appreciation rates are so strong in Pittsburg that despite a nationwide downturn in the housing market, Pittsburg real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Pittsburg appreciation rates continue to be some of the highest in America, at 5.99%, which is higher than appreciation rates in 73.94% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Pittsburg. Pittsburg appreciation rates in the latest quarter were at 1.04%, which equates to an annual appreciation rate of 4.23%.
Relative to Kansas, our data show that Pittsburg's latest annual appreciation rate is higher than 80% of the other cities and towns in Kansas.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Pittsburg differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Pittsburg - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Pittsburg real estate investment or home purchase decisions.
|$832,001 - $1,109,000||0.1|
|$555,001 - $832,000||0.7|
|$443,001 - $555,000||1.6|
|$333,001 - $443,000||2.0|
|$222,001 - $333,000||10.3|
|$111,001 - $222,000||33.3|
|$55,001 - $111,000||31.5|
|$0 - $55,000||20.2|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Pittsburg HOMES|
|2000 or Newer||15.8|
|1970 - 1999||33.1|
|1940 - 1969||25.6|
|1939 or Older||25.5|
|TYPE OF Pittsburg HOMES|
|Small Apt. Buildings||10.3|
|SIZE OF Pittsburg HOMES|
|5 or more bedrooms||2.33|