Carnegie, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Carnegie, 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

Carnegie Housing Market Information

With 7,931 people, 3,733 houses or apartments, and a median cost of homes of $105,708, house prices in Carnegie are solidly below the national average.

Single-family detached homes are the single most common housing type in Carnegie, accounting for 54.97% of the borough's housing units. Other types of housing that are prevalent in Carnegie include large apartment complexes or high rise apartments ( 25.78%), duplexes, homes converted to apartments or other small apartment buildings ( 13.47%), and a few row houses and other attached homes ( 5.79%).

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

The housing in Carnegie was primarily built before 1939 ( 37.65%), making the housing stock in Carnegie some of the oldest overall in America, although there is a range of ages of homes in Carnegie. The next most important housing age is between 1940-1969 ( 37.21%), followed by between 1970-1999 ( 21.95%). There's also some housing in Carnegie built between 2000 and later ( 3.19%).

Carnegie Home Appreciation Rates

Appreciation rates for homes in Carnegie have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 1.42%, which ranks in the top 50% nationwide. This equates to an annual average Carnegie house appreciation rate of 0.14%.

Over the last year, Carnegie appreciation rates have trailed the rest of the nation. In the last twelve months, Carnegie's appreciation rate has been 0.85%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Carnegie were at -0.41%, which equates to an annual appreciation rate of -1.65%.

Relative to Pennsylvania, our data show that Carnegie's latest annual appreciation rate is lower than 70% 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 Carnegie differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Carnegie - 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 Carnegie real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$105,708

Carnegie, PA HOME PRICES

Value Range
> $1,078,000 0.2
$809,001 - $1,078,000 0.0
$539,001 - $809,000 0.0
$431,001 - $539,000 0.0
$323,001 - $431,000 1.0
$215,001 - $323,000 3.8
$108,001 - $215,000 39.9
$54,001 - $108,000 43.7
$0 - $54,000 11.3

Low for PA
Low for Nation

Value Relative to Nation Value Relative to State
73.8544474393531 71.7874396135266

Number Of Homes And Apartments:
3,733

Carnegie 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
28.45% 1.46% 2 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$869 / per month

Homeownership Rate

Homeownership
Owners 46.68
Renters 53.32
Vacant 8.44

Housing Market Details

 

Age of Homes

AGE OF Carnegie HOMES
2000 or Newer 3.2
1970 - 1999 22.0
1940 - 1969 37.2
1939 or Older 37.7

Types of Homes

TYPE OF Carnegie HOMES
Single-Family 55.0
Townhomes 5.8
Small Apt. Buildings 13.5
Apt. Complexes 25.8
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Carnegie HOMES
No Bedroom 2.06
1 Bedroom 19.11
2 Bedrooms 34.58
3 Bedrooms 35.10
4 Bedrooms 8.12
5 or more bedrooms 1.03