Greencastle, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Greencastle Neighborhoods Since 2000




Greencastle, 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

Greencastle Housing Market Information

With a population of 4,043, 1,717 total housing units (homes and apartments), and a median house value of $210,303, Greencastle real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Greencastle, accounting for 52.86% of the borough's housing units. Other types of housing that are prevalent in Greencastle include duplexes, homes converted to apartments or other small apartment buildings ( 22.36%), row houses and other attached homes ( 13.58%), and a few large apartment complexes or high rise apartments ( 8.84%).

The most prevalent building size and type in Greencastle are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 55.05% owning and 44.95% renting.

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. Greencastle's housing was primarily built during this period, from the '40s through the '60s. A full 32.44% of the borough's housing hails from this era. Other housing ages represented in Greencastle include homes built between 1970-1999 ( 30.66%) and housing constructed before 1939 ( 21.77%). There's also some housing in Greencastle built between 2000 and later ( 15.14%).

Greencastle Home Appreciation Rates

Homes have actually lost value in Greencastle over the last then years, as home values have seen a decline of 20.52% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Greencastle home appreciation rates at 0.52%, which equates to an annual appreciation rate of 2.09%.

Over the last year, Greencastle appreciation rates have trailed the rest of the nation. In the last twelve months, Greencastle's appreciation rate has been 1.92%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Greencastle were at 0.52%, which equates to an annual appreciation rate of 2.09%.

Relative to Pennsylvania, our data show that Greencastle's latest annual appreciation rate is lower than 50% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$210,303

Greencastle, PA HOME PRICES

Value Range
> $1,051,000 0.0
$789,001 - $1,051,000 0.0
$526,001 - $789,000 0.0
$421,001 - $526,000 6.6
$315,001 - $421,000 11.3
$210,001 - $315,000 32.4
$105,001 - $210,000 37.2
$53,001 - $105,000 6.5
$0 - $53,000 6.0

Very High for PA
High for Nation

Value Relative to Nation Value Relative to State
29.8136645962733 18.6473429951691

Number Of Homes And Apartments:
1,717

Greencastle 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
41.08% 2.02% 5 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$905 / per month

Homeownership Rate

Homeownership
Owners 55.05
Renters 44.95
Vacant 7.49

Housing Market Details

 

Age of Homes

AGE OF Greencastle HOMES
2000 or Newer 15.1
1970 - 1999 30.7
1940 - 1969 32.4
1939 or Older 21.8

Types of Homes

TYPE OF Greencastle HOMES
Single-Family 52.9
Townhomes 13.6
Small Apt. Buildings 22.4
Apt. Complexes 8.8
Mobile Homes 2.4
Other 0.0

Home Size

SIZE OF Greencastle HOMES
No Bedroom 5.17
1 Bedroom 9.54
2 Bedrooms 31.09
3 Bedrooms 36.15
4 Bedrooms 14.12
5 or more bedrooms 3.93

Popular Neighborhoods in Greencastle

Zip Codes in Greencastle, PA