Carlisle, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Carlisle, 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

Carlisle Housing Market Information

With 19,143 people, 7,467 houses or apartments, and a median cost of homes of $160,879, Carlisle real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Carlisle, accounting for 36.66% of the borough's housing units. Other types of housing that are prevalent in Carlisle include row houses and other attached homes ( 27.96%), large apartment complexes or high rise apartments ( 19.27%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 15.92%).

The most prevalent building size and type in Carlisle are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 40.83% owning and 59.17% renting.

The housing in Carlisle was primarily built before 1939 ( 40.96%), making the housing stock in Carlisle some of the oldest overall in America, although there is a range of ages of homes in Carlisle. The next most important housing age is between 1970-1999 ( 26.72%), followed by between 1940-1969 ( 25.74%). There's also some housing in Carlisle built between 2000 and later ( 6.58%).

Carlisle Home Appreciation Rates

Real estate appreciation rates in Carlisle's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.17% during the period.

Over the last year, Carlisle appreciation rates have trailed the rest of the nation. In the last twelve months, Carlisle's appreciation rate has been 1.81%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Carlisle were at -0.92%, which equates to an annual appreciation rate of -3.65%.

Notably, Carlisle's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Pennsylvania, our data show that Carlisle's latest annual appreciation rate is lower than 50% 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 borough. Individual neighborhoods within Carlisle differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Carlisle - 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 Carlisle real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$160,879

Carlisle, PA HOME PRICES

Value Range
> $1,015,000 0.0
$761,001 - $1,015,000 0.0
$507,001 - $761,000 1.8
$406,001 - $507,000 2.9
$305,001 - $406,000 4.7
$203,001 - $305,000 22.2
$102,001 - $203,000 53.0
$51,001 - $102,000 12.5
$0 - $51,000 2.9

High for PA
Average for Nation

Value Relative to Nation Value Relative to State
45.2830188679245 38.6473429951691

Number Of Homes And Apartments:
7,467

Carlisle 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
39.79% 1.96% 4 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,041 / per month

Homeownership Rate

Homeownership
Owners 40.83
Renters 59.17
Vacant 8.82

Housing Market Details

 

Age of Homes

AGE OF Carlisle HOMES
2000 or Newer 6.6
1970 - 1999 26.7
1940 - 1969 25.7
1939 or Older 41.0

Types of Homes

TYPE OF Carlisle HOMES
Single-Family 36.7
Townhomes 28.0
Small Apt. Buildings 15.9
Apt. Complexes 19.3
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Carlisle HOMES
No Bedroom 2.77
1 Bedroom 15.80
2 Bedrooms 29.94
3 Bedrooms 33.75
4 Bedrooms 15.44
5 or more bedrooms 2.30