Butler, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Butler, 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

Butler Housing Market Information

With 13,289 people, 6,060 houses or apartments, and a median cost of homes of $98,889, house prices in Butler are solidly below the national average.

Single-family detached homes are the single most common housing type in Butler, accounting for 56.86% of the city's housing units. Other types of housing that are prevalent in Butler include duplexes, homes converted to apartments or other small apartment buildings ( 20.49%), large apartment complexes or high rise apartments ( 18.54%), and a few row houses and other attached homes ( 3.79%).

People in Butler primarily live in small (one, two or no bedroom) single-family detached homes. Butler has a mixture of owner-occupied and renter-occupied housing.

The housing in Butler was primarily built before 1939 ( 51.51%), making the housing stock in Butler some of the oldest overall in America, although there is a range of ages of homes in Butler. The next most important housing age is between 1940-1969 ( 31.22%), followed by between 1970-1999 ( 15.77%). There's also some housing in Butler built between 2000 and later ( 1.51%).

Butler Home Appreciation Rates

Real estate appreciation rates in Butler's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 0.00% during the period.

Over the last year, Butler appreciation rates have trailed the rest of the nation. In the last twelve months, Butler's appreciation rate has been 1.31%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Butler were at -0.41%, which equates to an annual appreciation rate of -1.65%.

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

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Butler differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Butler - 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 Butler real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$98,889

Butler, PA HOME PRICES

Value Range
> $1,039,000 0.0
$779,001 - $1,039,000 0.2
$519,001 - $779,000 0.0
$415,001 - $519,000 0.3
$312,001 - $415,000 1.5
$208,001 - $312,000 3.5
$104,001 - $208,000 30.3
$52,001 - $104,000 51.5
$0 - $52,000 12.7

Low for PA
Low for Nation

Value Relative to Nation Value Relative to State
78.2960271885621 77.487922705314

Number Of Homes And Apartments:
6,060

Butler 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
21.85% 1.15% 1 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$807 / per month

Homeownership Rate

Homeownership
Owners 41.72
Renters 58.28
Vacant 9.69

Housing Market Details

 

Age of Homes

AGE OF Butler HOMES
2000 or Newer 1.5
1970 - 1999 15.8
1940 - 1969 31.2
1939 or Older 51.5

Types of Homes

TYPE OF Butler HOMES
Single-Family 56.9
Townhomes 3.8
Small Apt. Buildings 20.5
Apt. Complexes 18.5
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Butler HOMES
No Bedroom 4.17
1 Bedroom 18.52
2 Bedrooms 28.30
3 Bedrooms 33.46
4 Bedrooms 11.49
5 or more bedrooms 4.05