Honesdale, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Honesdale, 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

Honesdale Housing Market Information

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 Home Appreciation Rates

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.

Average Home Values

 

Median Home Value:
$132,184

Honesdale, PA HOME PRICES

Value Range
> $962,000 0.0
$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

Average for PA
Average for Nation

Value Relative to Nation Value Relative to State
58.7132309855854 54.6859903381642

Number Of Homes And Apartments:
1,922

Honesdale 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
17.26% 0.93% 1 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$923 / per month

Homeownership Rate

Homeownership
Owners 53.01
Renters 46.99
Vacant 17.01

Housing Market Details

 

Age of Homes

AGE OF Honesdale HOMES
2000 or Newer 0.1
1970 - 1999 17.9
1940 - 1969 24.1
1939 or Older 57.9

Types of Homes

TYPE OF Honesdale HOMES
Single-Family 51.8
Townhomes 4.2
Small Apt. Buildings 31.6
Apt. Complexes 8.1
Mobile Homes 4.4
Other 0.0

Home Size

SIZE OF Honesdale HOMES
No Bedroom 0.86
1 Bedroom 15.28
2 Bedrooms 38.21
3 Bedrooms 29.66
4 Bedrooms 14.85
5 or more bedrooms 1.12

Popular Neighborhoods in Honesdale

Zip Codes in Honesdale, PA