McClure, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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McClure, 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

McClure Housing Market Information

With a population of 942, 417 total housing units (homes and apartments), and a median house value of $126,205, house prices in McClure are solidly below the national average.

Single-family detached homes are the single most common housing type in McClure, accounting for 73.12% of the borough's housing units. Other types of housing that are prevalent in McClure include duplexes, homes converted to apartments or other small apartment buildings ( 11.40%), row houses and other attached homes ( 9.25%), and a few mobile homes or trailers ( 5.81%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in McClure. Owner-occupied housing accounts for 71.22% of McClure's homes, and 69.25% have either three or four bedrooms, which is average sized relative to America.

The housing in McClure was primarily built before 1939 ( 40.00%), making the housing stock in McClure some of the oldest overall in America, although there is a range of ages of homes in McClure. The next most important housing age is between 1940-1969 ( 33.55%), followed by between 1970-1999 ( 24.73%). There's also some housing in McClure built between 2000 and later ( 1.72%).

Vacant housing appears to be an issue in McClure. Fully 10.32% of the housing stock is classified as vacant. Left unchecked, vacant McClure homes and apartments can be a drag on the real estate market, holding McClure 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.

McClure Home Appreciation Rates

In the last 10 years, McClure has experienced some of the highest home appreciation rates of any community in the nation. McClure real estate appreciated 15.09% over the last ten years, which is an average annual home appreciation rate of 1.42%, putting McClure in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, McClure definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, McClure appreciation rates have trailed the rest of the nation. In the last twelve months, McClure's appreciation rate has been 1.96%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in McClure were at -1.59%, which equates to an annual appreciation rate of -6.20%.

Notably, McClure's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Pennsylvania, our data show that McClure's latest annual appreciation rate is lower than 50% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$126,205

McClure, PA HOME PRICES

Value Range
> $1,043,000 0.5
$782,001 - $1,043,000 1.2
$521,001 - $782,000 1.1
$417,001 - $521,000 0.9
$313,001 - $417,000 3.0
$209,001 - $313,000 12.6
$104,001 - $209,000 45.1
$52,001 - $104,000 29.0
$0 - $52,000 6.4

Average for PA
Low for Nation

Value Relative to Nation Value Relative to State
61.8949958982773 58.2608695652174

Number Of Homes And Apartments:
417

McClure 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
52.70% 2.48% 7 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$851 / per month

Homeownership Rate

Homeownership
Owners 71.22
Renters 28.78
Vacant 10.32

Housing Market Details

 

Age of Homes

AGE OF McClure HOMES
2000 or Newer 1.7
1970 - 1999 24.7
1940 - 1969 33.5
1939 or Older 40.0

Types of Homes

TYPE OF McClure HOMES
Single-Family 73.1
Townhomes 9.2
Small Apt. Buildings 11.4
Apt. Complexes 0.4
Mobile Homes 5.8
Other 0.0

Home Size

SIZE OF McClure HOMES
No Bedroom 0.43
1 Bedroom 1.72
2 Bedrooms 25.81
3 Bedrooms 53.33
4 Bedrooms 15.91
5 or more bedrooms 2.80

Popular Neighborhoods in McClure

Zip Codes in McClure, PA