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 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Coraopolis Housing Market Information

With 5,530 people, 2,808 houses or apartments, and a median cost of homes of $107,535, 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 62.99% of the borough's housing units. Other types of housing that are prevalent in Coraopolis include large apartment complexes or high rise apartments ( 23.68%), duplexes, homes converted to apartments or other small apartment buildings ( 8.55%), and a few row houses and other attached homes ( 4.79%).

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 ( 52.05%), 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 ( 29.58%), followed by between 1970-1999 ( 17.84%).

Vacant housing appears to be an issue in Coraopolis. Fully 12.74% 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

Real estate appreciation rates in Coraopolis's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 0.92% during the period.

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 2.48%, 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 0.18%, which equates to an annual appreciation rate of 0.71%.

Relative to Pennsylvania, our data show that Coraopolis's latest annual appreciation rate is lower than 70% 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:
$107,535

Coraopolis, PA HOME PRICES

Value Range
> $1,102,000 0.6
$827,001 - $1,102,000 0.0
$551,001 - $827,000 0.0
$441,001 - $551,000 0.0
$330,001 - $441,000 0.7
$221,001 - $330,000 3.4
$110,001 - $221,000 30.4
$55,001 - $110,000 49.5
$0 - $55,000 15.4

Low for PA
Low for Nation

Value Relative to Nation Value Relative to State
78.621897810219 75.5791505791506

Number Of Homes And Apartments:
2,808

Coraopolis Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2018 Q4 - 2019 Q1
Last 12 Months:
2018 Q1 - 2019 Q1
Last 2 Years:
2017 Q1 - 2019 Q1
Last 5 Years:
2014 Q1 - 2019 Q1
Last 10 Years:
2009 Q1 - 2019 Q1
Since 2000:
2000 Q1 - 2019 Q1
38.39% 1.70%
2
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$914 / per month

Homeownership Rate

Homeownership
Owners 49.21
Renters 50.79
Vacant 12.74

Housing Market Details

 

Age of Homes

AGE OF Coraopolis HOMES
2000 or Newer 0.5
1970 - 1999 17.8
1940 - 1969 29.6
1939 or Older 52.1

Types of Homes

TYPE OF Coraopolis HOMES
Single-Family 63.0
Townhomes 4.8
Small Apt. Buildings 8.5
Apt. Complexes 23.7
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Coraopolis HOMES
No Bedroom 3.57
1 Bedroom 25.82
2 Bedrooms 25.17
3 Bedrooms 37.51
4 Bedrooms 6.87
5 or more bedrooms 1.06