Finleyville, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Finleyville, PA Real Estate Data


Finleyville Housing Market Information

With a population of 448, 266 total housing units (homes and apartments), and a median house value of $129,598, house prices in Finleyville are solidly below the national average.

Duplexes, homes converted to apartments or other small apartment buildings are the single most common housing type in Finleyville, accounting for 31.77% of the borough's housing units. Other types of housing that are prevalent in Finleyville include single-family detached homes ( 30.10%), large apartment complexes or high rise apartments ( 22.07%), and a few row houses and other attached homes ( 14.05%). Boroughs that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of boroughs are often walkable and compact, and often have a lively downtown.

People in Finleyville primarily live in small (one, two or no bedroom) units, chiefly found in duplexes, homes converted to apartments or other small apartment buildings. Finleyville has a mixture of owner-occupied and renter-occupied housing.

The housing in Finleyville was primarily built before 1939 ( 36.79%), making the housing stock in Finleyville some of the oldest overall in America, although there is a range of ages of homes in Finleyville. The next most important housing age is between 1940-1969 ( 26.76%), followed by between 1970-1999 ( 20.74%). There's also some housing in Finleyville built between 2000 and later ( 15.72%).

Vacant housing appears to be an issue in Finleyville. Fully 11.04% of the housing stock is classified as vacant. Left unchecked, vacant Finleyville homes and apartments can be a drag on the real estate market, holding Finleyville 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.

Finleyville Home Appreciation Rates

Appreciation rates for homes in Finleyville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 16.82%, which ranks in the top 30% nationwide. This equates to an annual average Finleyville house appreciation rate of 1.57%.

Over the last year, Finleyville appreciation rates have trailed the rest of the nation. In the last twelve months, Finleyville's appreciation rate has been 1.59%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Finleyville were at 2.53%, which equates to an annual appreciation rate of 10.50%.

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

Average Home Values

 

Median Home Value:
$129,598

Finleyville, PA HOME PRICES

Value Range
> $1,106,000 0.2
$829,001 - $1,106,000 0.0
$553,001 - $829,000 0.0
$443,001 - $553,000 0.0
$332,001 - $443,000 1.5
$221,001 - $332,000 20.4
$110,001 - $221,000 38.7
$55,001 - $110,000 15.6
$0 - $55,000 23.7

Average for PA
Low for Nation

Value Relative to Nation Value Relative to State
60.9533290390584 57.9710144927536

Number Of Homes And Apartments:
266

Rent & Ownership

 

Average Market Rent:
$762 / per month

Homeownership Rate

Homeownership
Owners 37.97
Renters 62.03
Vacant 11.04

Housing Market Details

 

Age of Homes

AGE OF Finleyville HOMES
2000 or Newer 15.7
1970 - 1999 20.7
1940 - 1969 26.8
1939 or Older 36.8

Types of Homes

TYPE OF Finleyville HOMES
Single-Family 30.1
Townhomes 14.0
Small Apt. Buildings 31.8
Apt. Complexes 22.1
Mobile Homes 2.0
Other 0.0

Home Size

SIZE OF Finleyville HOMES
No Bedroom 5.69
1 Bedroom 35.45
2 Bedrooms 30.10
3 Bedrooms 20.40
4 Bedrooms 7.02
5 or more bedrooms 1.34

Finleyville 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
36.51% 1.85% 3 4
* 10 is highest