Charleroi, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Charleroi Neighborhoods Since 2000




Charleroi, 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

Charleroi Housing Market Information

With 4,015 people, 1,710 houses or apartments, and a median cost of homes of $45,162, 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 67.06% 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 ( 20.14%), large apartment complexes or high rise apartments ( 9.27%), and a few row houses and other attached homes ( 3.53%).

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 ( 54.54%), 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 ( 37.61%), followed by between 1970-1999 ( 6.83%). There's also some housing in Charleroi built between 2000 and later ( 1.01%).

Vacant housing appears to be an issue in Charleroi. Fully 21.56% 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

Real estate appreciation rates in Charleroi's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.49% during the period.

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 -8.74%, 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 -0.41%, which equates to an annual appreciation rate of -1.65%.

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

Average Home Values

 

Median Home Value:
$45,162

Charleroi, PA HOME PRICES

Value Range
> $983,000 0.0
$737,001 - $983,000 0.0
$491,001 - $737,000 0.0
$393,001 - $491,000 0.0
$295,001 - $393,000 0.9
$196,001 - $295,000 0.5
$99,001 - $196,000 6.8
$49,001 - $99,000 44.4
$0 - $49,000 47.4

Very Low for PA
Very Low for Nation

Value Relative to Nation Value Relative to State
99.6601429743349 98.9371980676328

Number Of Homes And Apartments:
1,710

Charleroi 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
8.78% 0.49% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$707 / per month

Homeownership Rate

Homeownership
Owners 49.34
Renters 50.66
Vacant 21.56

Housing Market Details

 

Age of Homes

AGE OF Charleroi HOMES
2000 or Newer 1.0
1970 - 1999 6.8
1940 - 1969 37.6
1939 or Older 54.5

Types of Homes

TYPE OF Charleroi HOMES
Single-Family 67.1
Townhomes 3.5
Small Apt. Buildings 20.1
Apt. Complexes 9.3
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Charleroi HOMES
No Bedroom 0.28
1 Bedroom 17.34
2 Bedrooms 37.39
3 Bedrooms 33.85
4 Bedrooms 10.28
5 or more bedrooms 0.87