Honesdale, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Honesdale, PA Real Estate Data


Honesdale Housing Market Information

With a population of 4,233, 2,033 total housing units (homes and apartments), and a median house value of $154,631, Honesdale 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 Honesdale, accounting for 48.35% 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 ( 34.94%), large apartment complexes or high rise apartments ( 8.86%), and a few mobile homes or trailers ( 5.26%).

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 ( 62.04%), 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 ( 19.72%), followed by between 1970-1999 ( 17.51%).

Vacant housing appears to be an issue in Honesdale. Fully 13.78% 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

Real estate appreciation rates in Honesdale's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.47% during the period.

NeighborhoodScout's data show that during the latest twelve months, Honesdale's appreciation rate, at 4.48%, has been at or slightly above the national average. In the latest quarter, Honesdale's appreciation rate has been 2.15%, which annualizes to a rate of 8.89%.

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

Average Home Values

 

Median Home Value:
$154,631

Honesdale, PA HOME PRICES

Value Range
> $1,038,000 0.0
$779,001 - $1,038,000 0.0
$519,001 - $779,000 0.0
$415,001 - $519,000 0.0
$311,001 - $415,000 2.0
$208,001 - $311,000 16.6
$104,001 - $208,000 47.9
$52,001 - $104,000 19.7
$0 - $52,000 13.7

Average for PA
Average for Nation

Value Relative to Nation Value Relative to State
48.7819874685249 43.768115942029

Number Of Homes And Apartments:
2,033

Rent & Ownership

 

Average Market Rent:
$770 / per month

Homeownership Rate

Homeownership
Owners 46.94
Renters 53.06
Vacant 13.78

Housing Market Details

 

Age of Homes

AGE OF Honesdale HOMES
2000 or Newer 0.7
1970 - 1999 17.5
1940 - 1969 19.7
1939 or Older 62.0

Types of Homes

TYPE OF Honesdale HOMES
Single-Family 48.3
Townhomes 2.6
Small Apt. Buildings 34.9
Apt. Complexes 8.9
Mobile Homes 5.3
Other 0.0

Home Size

SIZE OF Honesdale HOMES
No Bedroom 0.00
1 Bedroom 23.66
2 Bedrooms 32.57
3 Bedrooms 26.68
4 Bedrooms 16.03
5 or more bedrooms 1.06

Honesdale 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
31.05% 1.60% 2 3
* 10 is highest

Popular Neighborhoods in Honesdale

Zip Codes in Honesdale, PA