McKees Rocks, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating McKees Rocks Neighborhoods Since 2000




McKees Rocks, 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

McKees Rocks Housing Market Information

With 6,010 people, 2,737 houses or apartments, and a median cost of homes of $45,570, house prices in McKees Rocks 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 McKees Rocks, accounting for 49.21% of the borough's housing units. Other types of housing that are prevalent in McKees Rocks include duplexes, homes converted to apartments or other small apartment buildings ( 20.10%), large apartment complexes or high rise apartments ( 17.91%), and a few row houses and other attached homes ( 12.79%).

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

The housing in McKees Rocks was primarily built before 1939 ( 57.29%), making the housing stock in McKees Rocks some of the oldest overall in America, although there is a range of ages of homes in McKees Rocks. The next most important housing age is between 1940-1969 ( 28.12%), followed by between 1970-1999 ( 12.64%). There's also some housing in McKees Rocks built between 2000 and later ( 1.95%).

Vacant housing appears to be an issue in McKees Rocks. Fully 18.03% of the housing stock is classified as vacant. Left unchecked, vacant McKees Rocks homes and apartments can be a drag on the real estate market, holding McKees Rocks 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.

McKees Rocks Home Appreciation Rates

Real estate appreciation rates in McKees Rocks's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.39% during the period.

Over the last year, McKees Rocks appreciation rates have trailed the rest of the nation. In the last twelve months, McKees Rocks's appreciation rate has been -2.27%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in McKees Rocks were at -0.41%, which equates to an annual appreciation rate of -1.65%.

Relative to Pennsylvania, our data show that McKees Rocks'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 borough. Individual neighborhoods within McKees Rocks differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in McKees Rocks - 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 McKees Rocks real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$45,570

McKees Rocks, PA HOME PRICES

Value Range
> $1,054,000 0.0
$790,001 - $1,054,000 0.0
$527,001 - $790,000 0.0
$422,001 - $527,000 0.0
$316,001 - $422,000 0.8
$211,001 - $316,000 0.0
$105,001 - $211,000 4.0
$53,001 - $105,000 38.9
$0 - $53,000 56.4

Very Low for PA
Very Low for Nation

Value Relative to Nation Value Relative to State
99.6425641626626 98.8405797101449

Number Of Homes And Apartments:
2,737

McKees Rocks 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
13.37% 0.73% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$676 / per month

Homeownership Rate

Homeownership
Owners 38.46
Renters 61.54
Vacant 18.03

Housing Market Details

 

Age of Homes

AGE OF McKees Rocks HOMES
2000 or Newer 1.9
1970 - 1999 12.6
1940 - 1969 28.1
1939 or Older 57.3

Types of Homes

TYPE OF McKees Rocks HOMES
Single-Family 49.2
Townhomes 12.8
Small Apt. Buildings 20.1
Apt. Complexes 17.9
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF McKees Rocks HOMES
No Bedroom 3.11
1 Bedroom 18.93
2 Bedrooms 43.28
3 Bedrooms 27.73
4 Bedrooms 4.97
5 or more bedrooms 1.98