Coraopolis, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Coraopolis, 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

Coraopolis Housing Market Information

With a population of 5,590, 2,682 total housing units (homes and apartments), and a median house value of $99,068, house prices in Coraopolis are solidly below the national average.

Single-family detached homes are the single most common housing type in Coraopolis, accounting for 60.18% of the borough's housing units. Other types of housing that are prevalent in Coraopolis include large apartment complexes or high rise apartments ( 23.91%), duplexes, homes converted to apartments or other small apartment buildings ( 10.92%), and a few row houses and other attached homes ( 5.00%).

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

The housing in Coraopolis was primarily built before 1939 ( 48.87%), making the housing stock in Coraopolis some of the oldest overall in America, although there is a range of ages of homes in Coraopolis. The next most important housing age is between 1940-1969 ( 31.90%), followed by between 1970-1999 ( 17.43%). There's also some housing in Coraopolis built between 2000 and later ( 1.81%).

Vacant housing appears to be an issue in Coraopolis. Fully 11.81% of the housing stock is classified as vacant. Left unchecked, vacant Coraopolis homes and apartments can be a drag on the real estate market, holding Coraopolis 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.

Coraopolis Home Appreciation Rates

Appreciation rates for homes in Coraopolis have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 7.14%, which ranks in the top 40% nationwide. This equates to an annual average Coraopolis house appreciation rate of 0.69%.

Over the last year, Coraopolis appreciation rates have trailed the rest of the nation. In the last twelve months, Coraopolis's appreciation rate has been -0.55%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Coraopolis were at -0.41%, which equates to an annual appreciation rate of -1.65%.

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

One very important thing to keep in mind is that these are average appreciation rates for the borough. Individual neighborhoods within Coraopolis differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Coraopolis - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Coraopolis real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$99,068

Coraopolis, PA HOME PRICES

Value Range
> $1,080,000 0.5
$810,001 - $1,080,000 0.0
$540,001 - $810,000 0.0
$432,001 - $540,000 0.7
$324,001 - $432,000 0.0
$216,001 - $324,000 3.1
$108,001 - $216,000 24.3
$54,001 - $108,000 54.5
$0 - $54,000 16.9

Low for PA
Low for Nation

Value Relative to Nation Value Relative to State
78.1729755068557 77.2946859903382

Number Of Homes And Apartments:
2,682

Coraopolis 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
30.05% 1.53% 2 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$807 / per month

Homeownership Rate

Homeownership
Owners 49.62
Renters 50.38
Vacant 11.81

Housing Market Details

 

Age of Homes

AGE OF Coraopolis HOMES
2000 or Newer 1.8
1970 - 1999 17.4
1940 - 1969 31.9
1939 or Older 48.9

Types of Homes

TYPE OF Coraopolis HOMES
Single-Family 60.2
Townhomes 5.0
Small Apt. Buildings 10.9
Apt. Complexes 23.9
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Coraopolis HOMES
No Bedroom 2.07
1 Bedroom 29.00
2 Bedrooms 26.27
3 Bedrooms 35.12
4 Bedrooms 7.14
5 or more bedrooms 0.39