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 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'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.
|$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|
|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 Carbondale HOMES|
|2000 or Newer||1.6|
|1970 - 1999||18.6|
|1940 - 1969||21.8|
|1939 or Older||57.9|
|TYPE OF Carbondale HOMES|
|Small Apt. Buildings||23.2|
|SIZE OF Carbondale HOMES|
|5 or more bedrooms||2.88|