Edinboro, PA Real Estate Market

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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Edinboro, PA Housing Market Trends

With 5,515 people, 2,009 houses or apartments, and a median cost of homes of $199,306, Edinboro 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 Edinboro, accounting for 53.01% of the borough's housing units. Other types of housing that are prevalent in Edinboro include large apartment complexes or high rise apartments ( 28.21%), duplexes, homes converted to apartments or other small apartment buildings ( 14.27%), and a few row houses and other attached homes ( 2.13%).

Edinboro is dominated by renter-occupied one, two, or no bedrooms apartments. 66.71% of Edinboro's dwellings are rentals.

There is a lot of housing in Edinboro built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Edinboro built between 1940-1969 ( 24.75%). A lesser amount of the housing stock also hails from before 1939 ( 20.41%). There's also some housing in Edinboro built between 2000 and later ( 8.06%).

Vacant housing appears to be an issue in Edinboro. Fully 16.15% of the housing stock is classified as vacant. Left unchecked, vacant Edinboro homes and apartments can be a drag on the real estate market, holding Edinboro 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.

Edinboro Home Appreciation Rates

Appreciation rates for homes in Edinboro have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 37.07%, which ranks in the top 40% nationwide. This equates to an annual average Edinboro house appreciation rate of 3.20%.

Appreciation rates are so strong in Edinboro that despite a nationwide downturn in the housing market, Edinboro real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Edinboro appreciation rates continue to be some of the highest in America, at 7.96%, which is higher than appreciation rates in 95.60% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Edinboro. Edinboro appreciation rates in the latest quarter were at 3.17%, which equates to an annual appreciation rate of 13.32%.

Importantly, this makes Edinboro 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 Edinboro's latest annual appreciation rate is higher than 90% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$199,306

Edinboro Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
60.32% 2.27%
4
4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,099 / per month

Homeownership Rate

Owners
33.3%
33.3%
Renters
66.7%
66.7%
Vacant
16.2%
16.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
8.1%
8.1%
1970 - 1999
46.8%
46.8%
1940 - 1969
24.7%
24.7%
1939 or Older
20.4%
20.4%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
53.0%
53.0%
Townhomes
2.1%
2.1%
Small Apt. Buildings
14.3%
14.3%
Apt. Complexes
28.2%
28.2%
Mobile Homes
1.8%
1.8%
Other
0.6%
0.6%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.4%
2.4%
1 Bedroom
15.7%
15.7%
2 Bedrooms
31.5%
31.5%
3 Bedrooms
29.1%
29.1%
4 Bedrooms
17.4%
17.4%
5 or more bedrooms
4.0%
4.0%
0.0% 100.0%
% OF HOMES