Johnstown, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Johnstown Neighborhoods Since 2000




Johnstown, 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

Johnstown Housing Market Information

With 19,966 people, 9,641 houses or apartments, and a median cost of homes of $39,386, house prices in Johnstown are some of the most affordable in Pennsylvania as well as the nation.

Single-family detached homes are the single most common housing type in Johnstown, accounting for 50.21% of the city's housing units. Other types of housing that are prevalent in Johnstown include row houses and other attached homes ( 18.63%), large apartment complexes or high rise apartments ( 17.61%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 12.97%).

People in Johnstown primarily live in small (one, two or no bedroom) single-family detached homes. Johnstown has a mixture of owner-occupied and renter-occupied housing.

The housing in Johnstown was primarily built before 1939 ( 49.55%), making the housing stock in Johnstown some of the oldest overall in America, although there is a range of ages of homes in Johnstown. The next most important housing age is between 1940-1969 ( 37.18%), followed by between 1970-1999 ( 12.27%).

Vacant housing appears to be an issue in Johnstown. Fully 19.00% of the housing stock is classified as vacant. Left unchecked, vacant Johnstown homes and apartments can be a drag on the real estate market, holding Johnstown 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.

Johnstown Home Appreciation Rates

Johnstown's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Johnstown during the period has been just -1.39%, which is lower than 80% of US communities.

Over the last year, Johnstown appreciation rates have trailed the rest of the nation. In the last twelve months, Johnstown's appreciation rate has been -11.60%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Johnstown were at 4.18%, which equates to an annual appreciation rate of 17.80%.

Importantly, this makes Johnstown one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Pennsylvania, our data show that Johnstown's latest annual appreciation rate is lower than 90% of the other cities and towns in Pennsylvania.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Johnstown differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Johnstown - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Johnstown real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$39,386

Johnstown, PA HOME PRICES

Value Range
> $988,000 0.3
$741,001 - $988,000 0.1
$494,001 - $741,000 0.0
$395,001 - $494,000 0.1
$296,001 - $395,000 0.6
$198,001 - $296,000 0.7
$99,001 - $198,000 4.6
$50,001 - $99,000 27.2
$0 - $50,000 66.4

Very Low for PA
Very Low for Nation

Value Relative to Nation Value Relative to State
99.8535099027306 99.5169082125604

Number Of Homes And Apartments:
9,641

Johnstown 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
21.39% 1.13% 1 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$655 / per month

Homeownership Rate

Homeownership
Owners 48.36
Renters 51.64
Vacant 19.00

Housing Market Details

 

Age of Homes

AGE OF Johnstown HOMES
2000 or Newer 1.0
1970 - 1999 12.3
1940 - 1969 37.2
1939 or Older 49.6

Types of Homes

TYPE OF Johnstown HOMES
Single-Family 50.2
Townhomes 18.6
Small Apt. Buildings 13.0
Apt. Complexes 17.6
Mobile Homes 0.3
Other 0.2

Home Size

SIZE OF Johnstown HOMES
No Bedroom 2.09
1 Bedroom 15.53
2 Bedrooms 32.99
3 Bedrooms 36.23
4 Bedrooms 9.91
5 or more bedrooms 3.25