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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 1,487, 688 total housing units (homes and apartments), and a median house value of $163,474, Duncannon 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 Duncannon, accounting for 55.14% of the borough's housing units. Other types of housing that are prevalent in Duncannon include large apartment complexes or high rise apartments ( 16.97%), duplexes, homes converted to apartments or other small apartment buildings ( 13.88%), and a few row houses and other attached homes ( 13.62%).
The most prevalent building size and type in Duncannon are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 58.72% owning and 41.28% renting.
The housing in Duncannon was primarily built before 1939 ( 65.55%), making the housing stock in Duncannon some of the oldest overall in America, although there is a range of ages of homes in Duncannon. The next most important housing age is between 1940-1969 ( 17.61%), followed by between 1970-1999 ( 12.21%). There's also some housing in Duncannon built between 2000 and later ( 4.63%).
Vacant housing appears to be an issue in Duncannon. Fully 11.57% of the housing stock is classified as vacant. Left unchecked, vacant Duncannon homes and apartments can be a drag on the real estate market, holding Duncannon 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.
Appreciation rates for homes in Duncannon have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 5.95%, which ranks in the top 40% nationwide. This equates to an annual average Duncannon house appreciation rate of 0.58%.
Appreciation rates are so strong in Duncannon that despite a nationwide downturn in the housing market, Duncannon real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Duncannon appreciation rates continue to be some of the highest in America, at 6.42%, which is higher than appreciation rates in 77.34% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Duncannon. Duncannon appreciation rates in the latest quarter were at -0.92%, which equates to an annual appreciation rate of -3.65%.
Notably, Duncannon's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Pennsylvania, our data show that Duncannon's latest annual appreciation rate is higher than 90% of the other cities and towns in Pennsylvania.
|$822,001 - $1,096,000||0.0|
|$548,001 - $822,000||1.3|
|$438,001 - $548,000||0.0|
|$329,001 - $438,000||3.4|
|$219,001 - $329,000||17.9|
|$110,001 - $219,000||52.1|
|$55,001 - $110,000||20.7|
|$0 - $55,000||4.0|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Duncannon HOMES|
|2000 or Newer||4.6|
|1970 - 1999||12.2|
|1940 - 1969||17.6|
|1939 or Older||65.6|
|TYPE OF Duncannon HOMES|
|Small Apt. Buildings||13.9|
|SIZE OF Duncannon HOMES|
|5 or more bedrooms||3.08|