Greentown, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Greentown, 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

Greentown Housing Market Information

With 7,578 people, 1,406 houses or apartments, and a median cost of homes of $158,674, Greentown 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 Greentown, accounting for 87.10% of the town's housing units. Other types of housing that are prevalent in Greentown include mobile homes or trailers ( 8.40%), duplexes, homes converted to apartments or other small apartment buildings ( 1.93%), and a few large apartment complexes or high rise apartments ( 1.52%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Greentown. Owner-occupied housing accounts for 85.25% of Greentown's homes, and 54.57% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Greentown built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Greentown built between 1940-1969 ( 26.43%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.16%). There's also some housing in Greentown built before 1939 ( 8.41%).

A decent proportion of the Greentown housing stock is seasonally occupied. That is, homes and condos in Greentown are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Greentown housing market speaks to its popularity as a vacation location of choice.

Greentown Home Appreciation Rates

Greentown's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Greentown during the period has been just -1.86%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Greentown's appreciation rate, at 3.29%, has been at or slightly above the national average. In the latest quarter, Greentown's appreciation rate has been 0.66%, which annualizes to a rate of 2.68%.

Relative to Pennsylvania, our data show that Greentown's latest annual appreciation rate is higher than 60% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$158,674

Greentown, PA HOME PRICES

Value Range
> $1,064,000 0.9
$798,001 - $1,064,000 0.6
$532,001 - $798,000 3.3
$425,001 - $532,000 4.9
$319,001 - $425,000 12.0
$213,001 - $319,000 19.6
$106,001 - $213,000 39.7
$53,001 - $106,000 13.4
$0 - $53,000 5.6

Average for PA
Average for Nation

Value Relative to Nation Value Relative to State
46.2498535099027 40.3864734299517

Number Of Homes And Apartments:
1,406

Greentown 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
60.81% 2.79% 9 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,328 / per month

Homeownership Rate

Homeownership
Owners 85.25
Renters 14.75
Vacant 58.61

Housing Market Details

 

Age of Homes

AGE OF Greentown HOMES
2000 or Newer 16.2
1970 - 1999 49.0
1940 - 1969 26.4
1939 or Older 8.4

Types of Homes

TYPE OF Greentown HOMES
Single-Family 87.1
Townhomes 1.0
Small Apt. Buildings 1.9
Apt. Complexes 1.5
Mobile Homes 8.4
Other 0.1

Home Size

SIZE OF Greentown HOMES
No Bedroom 1.25
1 Bedroom 8.74
2 Bedrooms 32.34
3 Bedrooms 46.27
4 Bedrooms 8.31
5 or more bedrooms 3.10