Glassport, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Glassport Neighborhoods Since 2000




Glassport, 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

Glassport Housing Market Information

With a population of 4,420, 1,989 total housing units (homes and apartments), and a median house value of $50,693, house prices in Glassport are some of the most affordable in Pennsylvania as well as the nation.

Single-family detached homes are the single most common housing type in Glassport, accounting for 71.05% of the borough's housing units. Other types of housing that are prevalent in Glassport include duplexes, homes converted to apartments or other small apartment buildings ( 15.75%), row houses and other attached homes ( 7.38%), and a few large apartment complexes or high rise apartments ( 5.57%).

People in Glassport primarily live in small (one, two or no bedroom) single-family detached homes. Glassport has a mixture of owner-occupied and renter-occupied housing.

The housing in Glassport was primarily built before 1939 ( 50.86%), making the housing stock in Glassport some of the oldest overall in America, although there is a range of ages of homes in Glassport. The next most important housing age is between 1940-1969 ( 42.97%), followed by between 1970-1999 ( 4.14%). There's also some housing in Glassport built between 2000 and later ( 2.03%).

Vacant housing appears to be an issue in Glassport. Fully 14.19% of the housing stock is classified as vacant. Left unchecked, vacant Glassport homes and apartments can be a drag on the real estate market, holding Glassport 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.

Glassport Home Appreciation Rates

Appreciation rates for homes in Glassport have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 6.57%, which ranks in the top 40% nationwide. This equates to an annual average Glassport house appreciation rate of 0.64%.

Over the last year, Glassport appreciation rates have trailed the rest of the nation. In the last twelve months, Glassport's appreciation rate has been 0.92%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Glassport were at -0.41%, which equates to an annual appreciation rate of -1.65%.

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

Average Home Values

 

Median Home Value:
$50,693

Glassport, PA HOME PRICES

Value Range
> $1,062,000 0.3
$797,001 - $1,062,000 0.0
$531,001 - $797,000 0.0
$425,001 - $531,000 0.0
$319,001 - $425,000 1.3
$212,001 - $319,000 0.8
$106,001 - $212,000 5.6
$53,001 - $106,000 44.0
$0 - $53,000 47.9

Very Low for PA
Very Low for Nation

Value Relative to Nation Value Relative to State
99.2792687214344 98.0676328502416

Number Of Homes And Apartments:
1,989

Glassport 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
39.72% 1.96% 4 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$711 / per month

Homeownership Rate

Homeownership
Owners 60.45
Renters 39.55
Vacant 14.19

Housing Market Details

 

Age of Homes

AGE OF Glassport HOMES
2000 or Newer 2.0
1970 - 1999 4.1
1940 - 1969 43.0
1939 or Older 50.9

Types of Homes

TYPE OF Glassport HOMES
Single-Family 71.1
Townhomes 7.4
Small Apt. Buildings 15.7
Apt. Complexes 5.6
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Glassport HOMES
No Bedroom 2.63
1 Bedroom 15.14
2 Bedrooms 33.39
3 Bedrooms 35.33
4 Bedrooms 11.69
5 or more bedrooms 1.81