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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 4,233 people, 1,922 houses or apartments, and a median cost of homes of $132,184, house prices in Honesdale are solidly below the national average.
Single-family detached homes are the single most common housing type in Honesdale, accounting for 51.77% of the borough's housing units. Other types of housing that are prevalent in Honesdale include duplexes, homes converted to apartments or other small apartment buildings ( 31.56%), large apartment complexes or high rise apartments ( 8.12%), and a few mobile homes or trailers ( 4.36%).
People in Honesdale primarily live in small (one, two or no bedroom) single-family detached homes. Honesdale has a mixture of owner-occupied and renter-occupied housing.
The housing in Honesdale was primarily built before 1939 ( 57.94%), making the housing stock in Honesdale some of the oldest overall in America, although there is a range of ages of homes in Honesdale. The next most important housing age is between 1940-1969 ( 24.05%), followed by between 1970-1999 ( 17.88%).
Vacant housing appears to be an issue in Honesdale. Fully 17.01% of the housing stock is classified as vacant. Left unchecked, vacant Honesdale homes and apartments can be a drag on the real estate market, holding Honesdale 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.
Honesdale's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Honesdale during the period has been just -1.66%, which is lower than 80% of US communities.
Over the last year, Honesdale appreciation rates have trailed the rest of the nation. In the last twelve months, Honesdale's appreciation rate has been -1.44%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Honesdale were at -1.59%, which equates to an annual appreciation rate of -6.20%.
Notably, Honesdale's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Pennsylvania, our data show that Honesdale's latest annual appreciation rate is lower than 80% of the other cities and towns in Pennsylvania.
|$722,001 - $962,000||0.0|
|$481,001 - $722,000||0.0|
|$385,001 - $481,000||0.0|
|$289,001 - $385,000||2.0|
|$193,001 - $289,000||12.3|
|$96,001 - $193,000||49.4|
|$48,001 - $96,000||24.6|
|$0 - $48,000||11.7|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Honesdale HOMES|
|2000 or Newer||0.1|
|1970 - 1999||17.9|
|1940 - 1969||24.1|
|1939 or Older||57.9|
|TYPE OF Honesdale HOMES|
|Small Apt. Buildings||31.6|
|SIZE OF Honesdale HOMES|
|5 or more bedrooms||1.12|