Coal Township, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Coal Township, PA Real Estate Data


Coal Township Housing Market Information

With a population of 10,460, 1,220 total housing units (homes and apartments), and a median house value of $68,386, house prices in Coal Township 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 Coal Township, accounting for 53.56% of the town's housing units. Other types of housing that are prevalent in Coal Township include row houses and other attached homes ( 36.76%), large apartment complexes or high rise apartments ( 4.30%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.03%).

The most prevalent building size and type in Coal Township are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 52.72% owning and 47.28% renting.

The housing in Coal Township was primarily built before 1939 ( 58.96%), making the housing stock in Coal Township some of the oldest overall in America, although there is a range of ages of homes in Coal Township. The next most important housing age is between 1940-1969 ( 24.75%), followed by between 1970-1999 ( 13.79%). There's also some housing in Coal Township built between 2000 and later ( 2.50%).

Vacant housing appears to be an issue in Coal Township. Fully 19.72% of the housing stock is classified as vacant. Left unchecked, vacant Coal Township homes and apartments can be a drag on the real estate market, holding Coal Township 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.

Coal Township Home Appreciation Rates

In the last 10 years, Coal Township has experienced some of the highest home appreciation rates of any community in the nation. Coal Township real estate appreciated 18.67% over the last ten years, which is an average annual home appreciation rate of 1.73%, putting Coal Township in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Coal Township 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, Coal Township appreciation rates have trailed the rest of the nation. In the last twelve months, Coal Township's appreciation rate has been 3.96%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Coal Township were at 2.15%, which equates to an annual appreciation rate of 8.89%.

Relative to Pennsylvania, our data show that Coal Township's latest annual appreciation rate is lower than 50% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$68,386

Coal Township, PA HOME PRICES

Value Range
> $1,085,000 0.3
$813,001 - $1,085,000 0.0
$542,001 - $813,000 0.4
$434,001 - $542,000 0.0
$326,001 - $434,000 0.6
$217,001 - $326,000 3.5
$108,001 - $217,000 15.9
$54,001 - $108,000 37.9
$0 - $54,000 41.4

Very Low for PA
Very Low for Nation

Value Relative to Nation Value Relative to State
96.1585758622709 95.4589371980676

Number Of Homes And Apartments:
1,220

Rent & Ownership

 

Average Market Rent:
$757 / per month

Homeownership Rate

Homeownership
Owners 52.72
Renters 47.28
Vacant 19.72

Housing Market Details

 

Age of Homes

AGE OF Coal Township HOMES
2000 or Newer 2.5
1970 - 1999 13.8
1940 - 1969 24.7
1939 or Older 59.0

Types of Homes

TYPE OF Coal Township HOMES
Single-Family 53.6
Townhomes 36.8
Small Apt. Buildings 4.0
Apt. Complexes 4.3
Mobile Homes 1.3
Other 0.0

Home Size

SIZE OF Coal Township HOMES
No Bedroom 0.93
1 Bedroom 8.16
2 Bedrooms 26.60
3 Bedrooms 44.53
4 Bedrooms 15.30
5 or more bedrooms 4.49

Coal Township 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
56.91% 2.69% 7 7
* 10 is highest

Popular Neighborhoods in Coal Township

Zip Codes in Coal Township, PA