Carbondale, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Carbondale, PA Real Estate Data


Carbondale Housing Market Information

With a population of 8,566, 3,757 total housing units (homes and apartments), and a median house value of $98,452, house prices in Carbondale are solidly below the national average.

Single-family detached homes are the single most common housing type in Carbondale, accounting for 60.15% 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 ( 22.75%), large apartment complexes or high rise apartments ( 11.90%), and a few row houses and other attached homes ( 4.22%).

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 55.66% owning and 44.34% renting.

The housing in Carbondale was primarily built before 1939 ( 61.51%), 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 ( 20.66%), followed by between 1970-1999 ( 16.94%).

Vacant housing appears to be an issue in Carbondale. Fully 14.34% 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

Real estate appreciation rates in Carbondale's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.59% during the period.

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 3.56%, 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 1.23%, which equates to an annual appreciation rate of 5.02%.

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

Average Home Values

 

Median Home Value:
$98,452

Carbondale, PA HOME PRICES

Value Range
> $1,028,000 0.8
$772,001 - $1,028,000 0.0
$514,001 - $772,000 1.1
$412,001 - $514,000 0.0
$308,001 - $412,000 0.2
$206,001 - $308,000 7.0
$103,001 - $206,000 34.1
$51,001 - $103,000 46.2
$0 - $51,000 10.6

Low for PA
Low for Nation

Value Relative to Nation Value Relative to State
79.8325232769222 79.2270531400966

Number Of Homes And Apartments:
3,757

Rent & Ownership

 

Average Market Rent:
$674 / per month

Homeownership Rate

Homeownership
Owners 55.66
Renters 44.34
Vacant 14.34

Housing Market Details

 

Age of Homes

AGE OF Carbondale HOMES
2000 or Newer 0.9
1970 - 1999 16.9
1940 - 1969 20.7
1939 or Older 61.5

Types of Homes

TYPE OF Carbondale HOMES
Single-Family 60.1
Townhomes 4.2
Small Apt. Buildings 22.8
Apt. Complexes 11.9
Mobile Homes 1.0
Other 0.0

Home Size

SIZE OF Carbondale HOMES
No Bedroom 0.52
1 Bedroom 16.55
2 Bedrooms 24.19
3 Bedrooms 43.16
4 Bedrooms 13.16
5 or more bedrooms 2.42

Carbondale Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
26.29% 1.38% 2 3
* 10 is highest