Burgettstown, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Burgettstown Neighborhoods Since 2000




Burgettstown, PA Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Burgettstown Housing Market Information

With 1,352 people, 582 houses or apartments, and a median cost of homes of $101,412, house prices in Burgettstown are solidly below the national average.

Single-family detached homes are the single most common housing type in Burgettstown, accounting for 73.29% of the borough's housing units. Other types of housing that are prevalent in Burgettstown include duplexes, homes converted to apartments or other small apartment buildings ( 16.39%), large apartment complexes or high rise apartments ( 7.59%), and a few row houses and other attached homes ( 2.73%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Burgettstown. Owner-occupied housing accounts for 67.35% of Burgettstown's homes, and 48.10% have either three or four bedrooms, which is average sized relative to America.

The housing in Burgettstown was primarily built before 1939 ( 57.21%), making the housing stock in Burgettstown some of the oldest overall in America, although there is a range of ages of homes in Burgettstown. The next most important housing age is between 1940-1969 ( 35.36%), followed by between 1970-1999 ( 5.92%). There's also some housing in Burgettstown built between 2000 and later ( 1.52%).

Vacant housing appears to be an issue in Burgettstown. Fully 11.68% of the housing stock is classified as vacant. Left unchecked, vacant Burgettstown homes and apartments can be a drag on the real estate market, holding Burgettstown 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.

Burgettstown Home Appreciation Rates

Real estate appreciation rates in Burgettstown's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.02% during the period.

Over the last year, Burgettstown appreciation rates have trailed the rest of the nation. In the last twelve months, Burgettstown's appreciation rate has been -1.15%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Burgettstown were at -0.41%, which equates to an annual appreciation rate of -1.65%.

Relative to Pennsylvania, our data show that Burgettstown's latest annual appreciation rate is lower than 80% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$101,412

Burgettstown, PA HOME PRICES

Value Range
> $1,056,000 0.0
$793,001 - $1,056,000 0.0
$528,001 - $793,000 0.0
$423,001 - $528,000 0.0
$317,001 - $423,000 0.0
$211,001 - $317,000 6.1
$105,001 - $211,000 39.6
$53,001 - $105,000 44.4
$0 - $53,000 9.9

Low for PA
Low for Nation

Value Relative to Nation Value Relative to State
76.7022149302707 75.5555555555556

Number Of Homes And Apartments:
582

Burgettstown Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2017 Q1
33.16% 1.67% 3 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$833 / per month

Homeownership Rate

Homeownership
Owners 67.35
Renters 32.65
Vacant 11.68

Housing Market Details

 

Age of Homes

AGE OF Burgettstown HOMES
2000 or Newer 1.5
1970 - 1999 5.9
1940 - 1969 35.4
1939 or Older 57.2

Types of Homes

TYPE OF Burgettstown HOMES
Single-Family 73.3
Townhomes 2.7
Small Apt. Buildings 16.4
Apt. Complexes 7.6
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Burgettstown HOMES
No Bedroom 1.67
1 Bedroom 11.23
2 Bedrooms 33.38
3 Bedrooms 34.75
4 Bedrooms 13.35
5 or more bedrooms 5.61