Catawissa, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Catawissa Neighborhoods Since 2000




Catawissa, 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

Catawissa Housing Market Information

With a population of 1,514, 684 total housing units (homes and apartments), and a median house value of $141,380, Catawissa 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 Catawissa, accounting for 62.16% of the borough's housing units. Other types of housing that are prevalent in Catawissa include large apartment complexes or high rise apartments ( 14.32%), duplexes, homes converted to apartments or other small apartment buildings ( 11.96%), and a few row houses and other attached homes ( 9.20%).

The most prevalent building size and type in Catawissa are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 62.69% owning and 37.31% renting.

The housing in Catawissa was primarily built before 1939 ( 56.50%), making the housing stock in Catawissa some of the oldest overall in America, although there is a range of ages of homes in Catawissa. The next most important housing age is between 1940-1969 ( 27.33%), followed by between 1970-1999 ( 14.45%). There's also some housing in Catawissa built between 2000 and later ( 1.71%).

Vacant housing appears to be an issue in Catawissa. Fully 10.12% of the housing stock is classified as vacant. Left unchecked, vacant Catawissa homes and apartments can be a drag on the real estate market, holding Catawissa 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.

Catawissa Home Appreciation Rates

Appreciation rates for homes in Catawissa have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 11.09%, which ranks in the top 30% nationwide. This equates to an annual average Catawissa house appreciation rate of 1.06%.

Appreciation rates are so strong in Catawissa that despite a nationwide downturn in the housing market, Catawissa real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Catawissa appreciation rates continue to be some of the highest in America, at 6.76%, which is higher than appreciation rates in 79.70% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Catawissa. Catawissa appreciation rates in the latest quarter were at 1.70%, which equates to an annual appreciation rate of 6.98%.

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

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

Average Home Values

 

Median Home Value:
$141,380

Catawissa, PA HOME PRICES

Value Range
> $1,075,000 0.0
$807,001 - $1,075,000 0.6
$538,001 - $807,000 1.7
$430,001 - $538,000 0.8
$323,001 - $430,000 4.4
$215,001 - $323,000 10.9
$108,001 - $215,000 45.2
$54,001 - $108,000 26.9
$0 - $54,000 9.5

Average for PA
Average for Nation

Value Relative to Nation Value Relative to State
54.1485995546701 49.8550724637681

Number Of Homes And Apartments:
684

Catawissa 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
54.00% 2.53% 7 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$791 / per month

Homeownership Rate

Homeownership
Owners 62.69
Renters 37.31
Vacant 10.12

Housing Market Details

 

Age of Homes

AGE OF Catawissa HOMES
2000 or Newer 1.7
1970 - 1999 14.5
1940 - 1969 27.3
1939 or Older 56.5

Types of Homes

TYPE OF Catawissa HOMES
Single-Family 62.2
Townhomes 9.2
Small Apt. Buildings 12.0
Apt. Complexes 14.3
Mobile Homes 2.4
Other 0.0

Home Size

SIZE OF Catawissa HOMES
No Bedroom 3.81
1 Bedroom 13.80
2 Bedrooms 16.95
3 Bedrooms 53.48
4 Bedrooms 8.80
5 or more bedrooms 3.15