Edinboro, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Edinboro, PA Real Estate Data


Edinboro Housing Market Information

With a population of 6,335, 2,349 total housing units (homes and apartments), and a median house value of $157,010, 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 46.57% of the borough's housing units. Other types of housing that are prevalent in Edinboro include large apartment complexes or high rise apartments ( 32.68%), duplexes, homes converted to apartments or other small apartment buildings ( 14.39%), and a few row houses and other attached homes ( 5.65%).

Edinboro is dominated by renter-occupied one, two, or no bedrooms apartments. 69.47% 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 ( 29.77%). A lesser amount of the housing stock also hails from before 1939 ( 16.16%). There's also some housing in Edinboro built between 2000 and later ( 6.07%).

Vacant housing appears to be an issue in Edinboro. Fully 16.55% 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 6.11%, which ranks in the top 50% nationwide. This equates to an annual average Edinboro house appreciation rate of 0.59%.

Over the last year, Edinboro appreciation rates have trailed the rest of the nation. In the last twelve months, Edinboro's appreciation rate has been 0.32%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Edinboro were at 0.60%, which equates to an annual appreciation rate of 2.41%.

Notably, Edinboro's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Pennsylvania, our data show that Edinboro's latest annual appreciation rate is lower than 90% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$157,010

Edinboro, PA HOME PRICES

Value Range
> $1,082,000 1.4
$812,001 - $1,082,000 0.0
$541,001 - $812,000 0.0
$433,001 - $541,000 0.0
$324,001 - $433,000 2.3
$216,001 - $324,000 18.7
$108,001 - $216,000 56.0
$54,001 - $108,000 12.5
$0 - $54,000 9.0

Average for PA
Average for Nation

Value Relative to Nation Value Relative to State
47.8187035193535 42.2222222222222

Number Of Homes And Apartments:
2,349

Rent & Ownership

 

Average Market Rent:
$875 / per month

Homeownership Rate

Homeownership
Owners 30.53
Renters 69.47
Vacant 16.55

Housing Market Details

 

Age of Homes

AGE OF Edinboro HOMES
2000 or Newer 6.1
1970 - 1999 48.0
1940 - 1969 29.8
1939 or Older 16.2

Types of Homes

TYPE OF Edinboro HOMES
Single-Family 46.6
Townhomes 5.6
Small Apt. Buildings 14.4
Apt. Complexes 32.7
Mobile Homes 0.7
Other 0.0

Home Size

SIZE OF Edinboro HOMES
No Bedroom 7.21
1 Bedroom 19.36
2 Bedrooms 24.44
3 Bedrooms 34.10
4 Bedrooms 13.57
5 or more bedrooms 1.31

Edinboro Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
24.18% 1.28% 1 2
* 10 is highest