Gettysburg, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Gettysburg, 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

Gettysburg Housing Market Information

With a population of 7,608, 2,314 total housing units (homes and apartments), and a median house value of $214,170, Gettysburg real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Gettysburg, accounting for 38.32% of the borough's housing units. Other types of housing that are prevalent in Gettysburg include duplexes, homes converted to apartments or other small apartment buildings ( 27.41%), row houses and other attached homes ( 16.88%), and a few large apartment complexes or high rise apartments ( 16.49%).

Gettysburg is dominated by renter-occupied one, two, or no bedrooms apartments. 75.79% of Gettysburg's dwellings are rentals.

The housing in Gettysburg was primarily built before 1939 ( 54.81%), making the housing stock in Gettysburg some of the oldest overall in America, although there is a range of ages of homes in Gettysburg. The next most important housing age is between 1940-1969 ( 26.59%), followed by between 1970-1999 ( 16.06%). There's also some housing in Gettysburg built between 2000 and later ( 2.53%).

Gettysburg Home Appreciation Rates

Gettysburg's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Gettysburg during the period has been just -1.35%, which is lower than 80% of US communities.

Over the last year, Gettysburg appreciation rates have trailed the rest of the nation. In the last twelve months, Gettysburg's appreciation rate has been 0.27%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Gettysburg were at -1.77%, which equates to an annual appreciation rate of -6.88%.

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

Relative to Pennsylvania, our data show that Gettysburg's latest annual appreciation rate is lower than 80% of the other cities and towns in Pennsylvania.

One very important thing to keep in mind is that these are average appreciation rates for the borough. Individual neighborhoods within Gettysburg differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Gettysburg - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Gettysburg real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$214,170

Gettysburg, PA HOME PRICES

Value Range
> $1,045,000 0.0
$784,001 - $1,045,000 0.0
$523,001 - $784,000 2.1
$418,001 - $523,000 4.9
$314,001 - $418,000 15.3
$209,001 - $314,000 32.5
$105,001 - $209,000 38.2
$52,001 - $105,000 4.9
$0 - $52,000 2.0

Very High for PA
High for Nation

Value Relative to Nation Value Relative to State
28.9347240126567 17.7777777777778

Number Of Homes And Apartments:
2,314

Gettysburg 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
46.45% 2.24% 6 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$870 / per month

Homeownership Rate

Homeownership
Owners 24.21
Renters 75.79
Vacant 9.79

Housing Market Details

 

Age of Homes

AGE OF Gettysburg HOMES
2000 or Newer 2.5
1970 - 1999 16.1
1940 - 1969 26.6
1939 or Older 54.8

Types of Homes

TYPE OF Gettysburg HOMES
Single-Family 38.3
Townhomes 16.9
Small Apt. Buildings 27.4
Apt. Complexes 16.5
Mobile Homes 0.9
Other 0.0

Home Size

SIZE OF Gettysburg HOMES
No Bedroom 3.20
1 Bedroom 21.79
2 Bedrooms 27.25
3 Bedrooms 30.21
4 Bedrooms 12.67
5 or more bedrooms 4.87