Carbondale, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Carbondale Neighborhoods Since 2000




Carbondale, 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

Carbondale Housing Market Information

With a population of 8,566, 3,813 total housing units (homes and apartments), and a median house value of $83,833, house prices in Carbondale are some of the most affordable in Pennsylvania as well as the nation.

Single-family detached homes are the single most common housing type in Carbondale, accounting for 57.98% of the city's housing units. Other types of housing that are prevalent in Carbondale include duplexes, homes converted to apartments or other small apartment buildings ( 23.21%), large apartment complexes or high rise apartments ( 13.19%), and a few row houses and other attached homes ( 4.52%).

The most prevalent building size and type in Carbondale are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 56.45% owning and 43.55% renting.

The housing in Carbondale was primarily built before 1939 ( 57.91%), making the housing stock in Carbondale some of the oldest overall in America, although there is a range of ages of homes in Carbondale. The next most important housing age is between 1940-1969 ( 21.84%), followed by between 1970-1999 ( 18.60%). There's also some housing in Carbondale built between 2000 and later ( 1.64%).

Vacant housing appears to be an issue in Carbondale. Fully 12.97% of the housing stock is classified as vacant. Left unchecked, vacant Carbondale homes and apartments can be a drag on the real estate market, holding Carbondale 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.

Carbondale Home Appreciation Rates

Carbondale's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Carbondale during the period has been just -1.25%, which is lower than 70% of US communities.

Over the last year, Carbondale appreciation rates have trailed the rest of the nation. In the last twelve months, Carbondale's appreciation rate has been -2.60%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Carbondale were at 2.13%, which equates to an annual appreciation rate of 8.80%.

Importantly, this makes Carbondale one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Pennsylvania, our data show that Carbondale's latest annual appreciation rate is lower than 90% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$83,833

Carbondale, PA HOME PRICES

Value Range
> $953,000 0.8
$715,001 - $953,000 0.0
$476,001 - $715,000 1.5
$381,001 - $476,000 0.0
$286,001 - $381,000 0.3
$191,001 - $286,000 5.3
$95,001 - $191,000 30.5
$48,001 - $95,000 50.3
$0 - $48,000 11.4

Very Low for PA
Very Low for Nation

Value Relative to Nation Value Relative to State
88.0405484589242 87.0531400966184

Number Of Homes And Apartments:
3,813

Carbondale 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
18.87% 1.01% 1 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$752 / per month

Homeownership Rate

Homeownership
Owners 56.45
Renters 43.55
Vacant 12.97

Housing Market Details

 

Age of Homes

AGE OF Carbondale HOMES
2000 or Newer 1.6
1970 - 1999 18.6
1940 - 1969 21.8
1939 or Older 57.9

Types of Homes

TYPE OF Carbondale HOMES
Single-Family 58.0
Townhomes 4.5
Small Apt. Buildings 23.2
Apt. Complexes 13.2
Mobile Homes 1.1
Other 0.0

Home Size

SIZE OF Carbondale HOMES
No Bedroom 1.76
1 Bedroom 16.91
2 Bedrooms 22.89
3 Bedrooms 43.67
4 Bedrooms 11.89
5 or more bedrooms 2.88