Chicora, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Chicora, PA Real Estate Data


Chicora Housing Market Information

With 1,006 people, 410 houses or apartments, and a median cost of homes of $151,975, Chicora 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 Chicora, accounting for 75.47% of the borough's housing units. Other types of housing that are prevalent in Chicora include duplexes, homes converted to apartments or other small apartment buildings ( 12.38%), mobile homes or trailers ( 8.64%), and a few large apartment complexes or high rise apartments ( 3.50%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Chicora. Owner-occupied housing accounts for 70.73% of Chicora's homes, and 60.75% have either three or four bedrooms, which is average sized relative to America.

The housing in Chicora was primarily built before 1939 ( 40.19%), making the housing stock in Chicora some of the oldest overall in America, although there is a range of ages of homes in Chicora. The next most important housing age is between 1970-1999 ( 26.17%), followed by between 1940-1969 ( 24.77%). There's also some housing in Chicora built between 2000 and later ( 8.88%).

Chicora Home Appreciation Rates

In the last 10 years, Chicora has experienced some of the highest home appreciation rates of any community in the nation. Chicora real estate appreciated 23.25% over the last ten years, which is an average annual home appreciation rate of 2.11%, putting Chicora in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Chicora definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Chicora appreciation rates have trailed the rest of the nation. In the last twelve months, Chicora's appreciation rate has been 3.33%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Chicora were at 2.53%, which equates to an annual appreciation rate of 10.50%.

Relative to Pennsylvania, our data show that Chicora's latest annual appreciation rate is lower than 70% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$151,975

Chicora, PA HOME PRICES

Value Range
> $1,165,000 0.8
$873,001 - $1,165,000 0.2
$582,001 - $873,000 0.2
$466,001 - $582,000 1.7
$349,001 - $466,000 5.0
$233,001 - $349,000 16.3
$116,001 - $233,000 37.5
$58,001 - $116,000 23.8
$0 - $58,000 14.6

Average for PA
Average for Nation

Value Relative to Nation Value Relative to State
49.9268021315219 44.9275362318841

Number Of Homes And Apartments:
410

Rent & Ownership

 

Average Market Rent:
$664 / per month

Homeownership Rate

Homeownership
Owners 70.73
Renters 29.27
Vacant 4.21

Housing Market Details

 

Age of Homes

AGE OF Chicora HOMES
2000 or Newer 8.9
1970 - 1999 26.2
1940 - 1969 24.8
1939 or Older 40.2

Types of Homes

TYPE OF Chicora HOMES
Single-Family 75.5
Townhomes 0.0
Small Apt. Buildings 12.4
Apt. Complexes 3.5
Mobile Homes 8.6
Other 0.0

Home Size

SIZE OF Chicora HOMES
No Bedroom 0.00
1 Bedroom 9.58
2 Bedrooms 26.87
3 Bedrooms 50.00
4 Bedrooms 10.75
5 or more bedrooms 2.80

Chicora 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
64.99% 2.99% 9 8
* 10 is highest