Glenshaw, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Glenshaw, PA Real Estate Data


Glenshaw Housing Market Information

With a population of 8,946, 3,638 total housing units (homes and apartments), and a median house value of $174,085, Glenshaw real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Glenshaw, accounting for 94.71% of the town's housing units. Other types of housing that are prevalent in Glenshaw include large apartment complexes or high rise apartments ( 3.30%), row houses and other attached homes ( 1.49%).

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 95.13% of Glenshaw's homes, and 81.54% 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 62.85% of the town's housing hails from this era. Other housing ages represented in Glenshaw include homes built between 1970-1999 ( 19.49%) and housing constructed before 1939 ( 15.19%). There's also some housing in Glenshaw built between 2000 and later ( 2.47%).

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 19.28% over the last ten years, which is an average annual home appreciation rate of 1.78%, 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.

Over the last year, Glenshaw appreciation rates have trailed the rest of the nation. In the last twelve months, Glenshaw's appreciation rate has been 2.72%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Glenshaw were at 2.53%, which equates to an annual appreciation rate of 10.50%.

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

Average Home Values

 

Median Home Value:
$174,085

Glenshaw, PA HOME PRICES

Value Range
> $1,125,000 0.4
$844,001 - $1,125,000 0.0
$562,001 - $844,000 0.1
$450,001 - $562,000 0.3
$337,001 - $450,000 2.3
$225,001 - $337,000 17.8
$112,001 - $225,000 63.7
$56,001 - $112,000 11.7
$0 - $56,000 3.7

High for PA
Average for Nation

Value Relative to Nation Value Relative to State
41.3070211395444 32.8502415458937

Number Of Homes And Apartments:
3,638

Rent & Ownership

 

Average Market Rent:
$947 / per month

Homeownership Rate

Homeownership
Owners 95.13
Renters 4.87
Vacant 3.24

Housing Market Details

 

Age of Homes

AGE OF Glenshaw HOMES
2000 or Newer 2.5
1970 - 1999 19.5
1940 - 1969 62.8
1939 or Older 15.2

Types of Homes

TYPE OF Glenshaw HOMES
Single-Family 94.7
Townhomes 1.5
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 3.27
2 Bedrooms 13.70
3 Bedrooms 63.86
4 Bedrooms 17.69
5 or more bedrooms 1.49

Glenshaw 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
47.45% 2.31% 6 6
* 10 is highest