Clarks Green, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Clarks Green Neighborhoods Since 2000




Clarks Green, 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

Clarks Green Housing Market Information

With 1,428 people, 607 houses or apartments, and a median cost of homes of $233,758, Clarks Green real estate is some of the most expensive in Pennsylvania, although Clarks Green home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Clarks Green, accounting for 94.59% of the borough's housing units. Other types of housing that are prevalent in Clarks Green include duplexes, homes converted to apartments or other small apartment buildings ( 4.33%), row houses and other attached homes ( 1.08%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Clarks Green. Owner-occupied housing accounts for 89.46% of Clarks Green's homes, and 81.14% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Clarks Green's housing was primarily built during this period, from the '40s through the '60s. A full 45.29% of the borough's housing hails from this era. Other housing ages represented in Clarks Green include homes built before 1939 ( 28.44%) and housing constructed between 1970-1999 ( 23.49%). There's also some housing in Clarks Green built between 2000 and later ( 2.78%).

Clarks Green Home Appreciation Rates

Appreciation rates for homes in Clarks Green have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 0.90%, which ranks in the top 50% nationwide. This equates to an annual average Clarks Green house appreciation rate of 0.09%.

NeighborhoodScout's data show that during the latest twelve months, Clarks Green's appreciation rate, at 4.60%, has been at or slightly above the national average. In the latest quarter, Clarks Green's appreciation rate has been 2.13%, which annualizes to a rate of 8.80%.

Importantly, this makes Clarks Green 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 Clarks Green's latest annual appreciation rate is higher than 80% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$233,758

Clarks Green, PA HOME PRICES

Value Range
> $1,045,000 0.4
$783,001 - $1,045,000 1.4
$522,001 - $783,000 2.9
$418,001 - $522,000 7.1
$314,001 - $418,000 16.5
$209,001 - $314,000 31.5
$105,001 - $209,000 34.8
$52,001 - $105,000 2.6
$0 - $52,000 2.8

Very High for PA
High for Nation

Value Relative to Nation Value Relative to State
25.1377006914333 14.5893719806763

Number Of Homes And Apartments:
607

Clarks Green 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
33.42% 1.69% 3 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,219 / per month

Homeownership Rate

Homeownership
Owners 89.46
Renters 10.54
Vacant 6.18

Housing Market Details

 

Age of Homes

AGE OF Clarks Green HOMES
2000 or Newer 2.8
1970 - 1999 23.5
1940 - 1969 45.3
1939 or Older 28.4

Types of Homes

TYPE OF Clarks Green HOMES
Single-Family 94.6
Townhomes 1.1
Small Apt. Buildings 4.3
Apt. Complexes 0.0
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Clarks Green HOMES
No Bedroom 0.00
1 Bedroom 2.16
2 Bedrooms 10.51
3 Bedrooms 43.43
4 Bedrooms 37.71
5 or more bedrooms 6.18