Nanticoke, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Nanticoke Neighborhoods Since 2000




Nanticoke, 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

Nanticoke Housing Market Information

With a population of 10,258, 4,349 total housing units (homes and apartments), and a median house value of $87,954, house prices in Nanticoke 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 Nanticoke, accounting for 55.32% of the city's housing units. Other types of housing that are prevalent in Nanticoke include duplexes, homes converted to apartments or other small apartment buildings ( 18.74%), row houses and other attached homes ( 14.43%), and a few large apartment complexes or high rise apartments ( 11.51%).

The most prevalent building size and type in Nanticoke are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 51.71% owning and 48.29% renting.

The housing in Nanticoke was primarily built before 1939 ( 51.63%), making the housing stock in Nanticoke some of the oldest overall in America, although there is a range of ages of homes in Nanticoke. The next most important housing age is between 1940-1969 ( 27.15%), followed by between 1970-1999 ( 19.77%). There's also some housing in Nanticoke built between 2000 and later ( 1.45%).

Vacant housing appears to be an issue in Nanticoke. Fully 13.68% of the housing stock is classified as vacant. Left unchecked, vacant Nanticoke homes and apartments can be a drag on the real estate market, holding Nanticoke 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.

Nanticoke Home Appreciation Rates

Real estate appreciation rates in Nanticoke's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.64% during the period.

Over the last year, Nanticoke appreciation rates have trailed the rest of the nation. In the last twelve months, Nanticoke's appreciation rate has been -1.93%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Nanticoke were at 2.13%, which equates to an annual appreciation rate of 8.80%.

Importantly, this makes Nanticoke 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 Nanticoke'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 Nanticoke differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Nanticoke - 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 Nanticoke real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$87,954

Nanticoke, PA HOME PRICES

Value Range
> $1,017,000 0.0
$763,001 - $1,017,000 0.1
$509,001 - $763,000 0.0
$407,001 - $509,000 0.0
$305,001 - $407,000 1.6
$203,001 - $305,000 3.8
$102,001 - $203,000 28.1
$51,001 - $102,000 52.3
$0 - $51,000 14.2

Very Low for PA
Very Low for Nation

Value Relative to Nation Value Relative to State
85.5150591819993 84.3478260869565

Number Of Homes And Apartments:
4,349

Nanticoke 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
21.35% 1.13% 1 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$879 / per month

Homeownership Rate

Homeownership
Owners 51.71
Renters 48.29
Vacant 13.68

Housing Market Details

 

Age of Homes

AGE OF Nanticoke HOMES
2000 or Newer 1.4
1970 - 1999 19.8
1940 - 1969 27.2
1939 or Older 51.6

Types of Homes

TYPE OF Nanticoke HOMES
Single-Family 55.3
Townhomes 14.4
Small Apt. Buildings 18.7
Apt. Complexes 11.5
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Nanticoke HOMES
No Bedroom 2.42
1 Bedroom 10.18
2 Bedrooms 23.46
3 Bedrooms 52.44
4 Bedrooms 9.55
5 or more bedrooms 1.95