Frackville, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Frackville, 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

Frackville Housing Market Information

With a population of 3,729, 1,552 total housing units (homes and apartments), and a median house value of $68,946, house prices in Frackville are some of the most affordable in Pennsylvania as well as the nation.

Row houses and other attached homes are the single most common housing type in Frackville, accounting for 46.77% of the borough's housing units. Other types of housing that are prevalent in Frackville include single-family detached homes ( 33.51%), duplexes, homes converted to apartments or other small apartment buildings ( 13.63%), and a few large apartment complexes or high rise apartments ( 5.40%). This particular housing mix is relatively uncommon and characteristic of boroughs that are compact and walkable, and which often have a lively downtown.

Owner-occupied, three and four bedroom dwellings, primarily in row houses and other attached homes are the most prevalent type of housing you will see in Frackville. Owner-occupied housing accounts for 66.15% of Frackville's homes, and 70.55% have either three or four bedrooms, which is average sized relative to America.

The housing in Frackville was primarily built before 1939 ( 54.94%), making the housing stock in Frackville some of the oldest overall in America, although there is a range of ages of homes in Frackville. The next most important housing age is between 1940-1969 ( 30.41%), followed by between 1970-1999 ( 13.74%).

Vacant housing appears to be an issue in Frackville. Fully 17.05% of the housing stock is classified as vacant. Left unchecked, vacant Frackville homes and apartments can be a drag on the real estate market, holding Frackville 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.

Frackville Home Appreciation Rates

Real estate appreciation rates in Frackville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.06% during the period.

Over the last year, Frackville appreciation rates have trailed the rest of the nation. In the last twelve months, Frackville's appreciation rate has been 1.12%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Frackville were at -1.59%, which equates to an annual appreciation rate of -6.20%.

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

Relative to Pennsylvania, our data show that Frackville's latest annual appreciation rate is lower than 70% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$68,946

Frackville, PA HOME PRICES

Value Range
> $1,008,000 0.0
$756,001 - $1,008,000 0.0
$504,001 - $756,000 0.8
$403,001 - $504,000 0.0
$302,001 - $403,000 1.7
$202,001 - $302,000 1.3
$101,001 - $202,000 18.6
$51,001 - $101,000 50.4
$0 - $51,000 27.1

Very Low for PA
Very Low for Nation

Value Relative to Nation Value Relative to State
95.6990507441697 94.7826086956522

Number Of Homes And Apartments:
1,552

Frackville 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
30.62% 1.56% 2 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$892 / per month

Homeownership Rate

Homeownership
Owners 66.15
Renters 33.85
Vacant 17.05

Housing Market Details

 

Age of Homes

AGE OF Frackville HOMES
2000 or Newer 0.9
1970 - 1999 13.7
1940 - 1969 30.4
1939 or Older 54.9

Types of Homes

TYPE OF Frackville HOMES
Single-Family 33.5
Townhomes 46.8
Small Apt. Buildings 13.6
Apt. Complexes 5.4
Mobile Homes 0.7
Other 0.0

Home Size

SIZE OF Frackville HOMES
No Bedroom 2.73
1 Bedroom 6.63
2 Bedrooms 18.97
3 Bedrooms 53.87
4 Bedrooms 16.68
5 or more bedrooms 1.12

Popular Neighborhoods in Frackville

Zip Codes in Frackville, PA