Charleroi, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Charleroi, PA Real Estate Data


Charleroi Housing Market Information

With a population of 4,015, 1,769 total housing units (homes and apartments), and a median house value of $68,008, house prices in Charleroi 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 Charleroi, accounting for 68.09% of the borough's housing units. Other types of housing that are prevalent in Charleroi include duplexes, homes converted to apartments or other small apartment buildings ( 21.05%), large apartment complexes or high rise apartments ( 8.21%), and a few row houses and other attached homes ( 2.65%).

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

The housing in Charleroi was primarily built before 1939 ( 57.18%), making the housing stock in Charleroi some of the oldest overall in America, although there is a range of ages of homes in Charleroi. The next most important housing age is between 1940-1969 ( 35.95%), followed by between 1970-1999 ( 5.70%). There's also some housing in Charleroi built between 2000 and later ( 1.17%).

Vacant housing appears to be an issue in Charleroi. Fully 20.60% of the housing stock is classified as vacant. Left unchecked, vacant Charleroi homes and apartments can be a drag on the real estate market, holding Charleroi 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.

Charleroi Home Appreciation Rates

Appreciation rates for homes in Charleroi have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 13.70%, which ranks in the top 30% nationwide. This equates to an annual average Charleroi house appreciation rate of 1.29%.

Over the last year, Charleroi appreciation rates have trailed the rest of the nation. In the last twelve months, Charleroi's appreciation rate has been 2.79%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Charleroi were at 2.53%, which equates to an annual appreciation rate of 10.50%.

Relative to Pennsylvania, our data show that Charleroi's latest annual appreciation rate is lower than 80% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$68,008

Charleroi, PA HOME PRICES

Value Range
> $1,187,000 0.0
$890,001 - $1,187,000 0.0
$593,001 - $890,000 0.0
$475,001 - $593,000 0.0
$356,001 - $475,000 0.7
$237,001 - $356,000 0.5
$118,001 - $237,000 7.5
$59,001 - $118,000 46.4
$0 - $59,000 44.9

Very Low for PA
Very Low for Nation

Value Relative to Nation Value Relative to State
96.32839491714 95.9420289855072

Number Of Homes And Apartments:
1,769

Rent & Ownership

 

Average Market Rent:
$607 / per month

Homeownership Rate

Homeownership
Owners 52.03
Renters 47.97
Vacant 20.60

Housing Market Details

 

Age of Homes

AGE OF Charleroi HOMES
2000 or Newer 1.2
1970 - 1999 5.7
1940 - 1969 36.0
1939 or Older 57.2

Types of Homes

TYPE OF Charleroi HOMES
Single-Family 68.1
Townhomes 2.6
Small Apt. Buildings 21.1
Apt. Complexes 8.2
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Charleroi HOMES
No Bedroom 0.22
1 Bedroom 16.07
2 Bedrooms 36.40
3 Bedrooms 36.40
4 Bedrooms 9.43
5 or more bedrooms 1.48

Charleroi 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
23.03% 1.23% 1 2
* 10 is highest