Glenshaw, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Glenshaw, 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

Glenshaw Housing Market Information

With a population of 8,946, 3,666 total housing units (homes and apartments), and a median house value of $180,353, Glenshaw real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Glenshaw, accounting for 93.88% of the town's housing units. Other types of housing that are prevalent in Glenshaw include large apartment complexes or high rise apartments ( 3.34%), row houses and other attached homes ( 2.26%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Glenshaw. Owner-occupied housing accounts for 93.27% of Glenshaw's homes, and 77.11% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Glenshaw's housing was primarily built during this period, from the '40s through the '60s. A full 60.29% of the town's housing hails from this era. Other housing ages represented in Glenshaw include homes built between 1970-1999 ( 21.05%) and housing constructed before 1939 ( 17.03%). There's also some housing in Glenshaw built between 2000 and later ( 1.63%).

Glenshaw Home Appreciation Rates

In the last 10 years, Glenshaw has experienced some of the highest home appreciation rates of any community in the nation. Glenshaw real estate appreciated 18.95% over the last ten years, which is an average annual home appreciation rate of 1.75%, putting Glenshaw in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Glenshaw definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Glenshaw's appreciation rate, at 3.88%, has been at or slightly above the national average. In the latest quarter, Glenshaw's appreciation rate has been -0.41%, which annualizes to a rate of -1.65%.

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

Average Home Values

 

Median Home Value:
$180,353

Glenshaw, PA HOME PRICES

Value Range
> $1,096,000 0.5
$822,001 - $1,096,000 0.0
$549,001 - $822,000 0.1
$439,001 - $549,000 0.4
$329,001 - $439,000 2.5
$219,001 - $329,000 19.5
$110,001 - $219,000 63.5
$55,001 - $110,000 10.3
$0 - $55,000 3.3

High for PA
High for Nation

Value Relative to Nation Value Relative to State
38.0083206375249 27.1497584541063

Number Of Homes And Apartments:
3,666

Glenshaw 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
48.34% 2.31% 6 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,588 / per month

Homeownership Rate

Homeownership
Owners 93.27
Renters 6.73
Vacant 4.98

Housing Market Details

 

Age of Homes

AGE OF Glenshaw HOMES
2000 or Newer 1.6
1970 - 1999 21.0
1940 - 1969 60.3
1939 or Older 17.0

Types of Homes

TYPE OF Glenshaw HOMES
Single-Family 93.9
Townhomes 2.3
Small Apt. Buildings 0.5
Apt. Complexes 3.3
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Glenshaw HOMES
No Bedroom 0.00
1 Bedroom 4.22
2 Bedrooms 16.69
3 Bedrooms 60.91
4 Bedrooms 16.20
5 or more bedrooms 1.97