Dickson City, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Dickson City, 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

Dickson City Housing Market Information

With 5,877 people, 2,642 houses or apartments, and a median cost of homes of $155,590, Dickson City 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 Dickson City, accounting for 61.81% of the borough's housing units. Other types of housing that are prevalent in Dickson City include duplexes, homes converted to apartments or other small apartment buildings ( 26.57%), large apartment complexes or high rise apartments ( 6.01%), and a few row houses and other attached homes ( 5.61%).

The most prevalent building size and type in Dickson City are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 63.04% owning and 36.96% renting.

The housing in Dickson City was primarily built before 1939 ( 36.93%), making the housing stock in Dickson City some of the oldest overall in America, although there is a range of ages of homes in Dickson City. The next most important housing age is between 1940-1969 ( 32.85%), followed by between 1970-1999 ( 24.44%). There's also some housing in Dickson City built between 2000 and later ( 5.78%).

Vacant housing appears to be an issue in Dickson City. Fully 12.26% of the housing stock is classified as vacant. Left unchecked, vacant Dickson City homes and apartments can be a drag on the real estate market, holding Dickson City 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.

Dickson City Home Appreciation Rates

Real estate appreciation rates in Dickson City's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.01% during the period.

NeighborhoodScout's data show that during the latest twelve months, Dickson City's appreciation rate, at 5.53%, has been at or slightly above the national average. In the latest quarter, Dickson City's appreciation rate has been 2.13%, which annualizes to a rate of 8.80%.

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

Average Home Values

 

Median Home Value:
$155,590

Dickson City, PA HOME PRICES

Value Range
> $1,028,000 0.6
$771,001 - $1,028,000 0.0
$514,001 - $771,000 0.0
$411,001 - $514,000 0.5
$308,001 - $411,000 6.8
$205,001 - $308,000 14.5
$103,001 - $205,000 47.9
$52,001 - $103,000 26.5
$0 - $52,000 3.0

Average for PA
Average for Nation

Value Relative to Nation Value Relative to State
47.6268604242353 41.9323671497585

Number Of Homes And Apartments:
2,642

Dickson City 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
28.98% 1.49% 2 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$802 / per month

Homeownership Rate

Homeownership
Owners 63.04
Renters 36.96
Vacant 12.26

Housing Market Details

 

Age of Homes

AGE OF Dickson City HOMES
2000 or Newer 5.8
1970 - 1999 24.4
1940 - 1969 32.8
1939 or Older 36.9

Types of Homes

TYPE OF Dickson City HOMES
Single-Family 61.8
Townhomes 5.6
Small Apt. Buildings 26.6
Apt. Complexes 6.0
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Dickson City HOMES
No Bedroom 1.86
1 Bedroom 16.51
2 Bedrooms 29.13
3 Bedrooms 41.18
4 Bedrooms 8.67
5 or more bedrooms 2.66

Popular Neighborhoods in Dickson City

Zip Codes in Dickson City, PA