Nanticoke, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Nanticoke, PA Real Estate Data


Nanticoke Housing Market Information

With 10,258 people, 4,551 houses or apartments, and a median cost of homes of $94,190, 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 54.28% 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 ( 19.04%), row houses and other attached homes ( 15.35%), and a few large apartment complexes or high rise apartments ( 11.34%).

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 52.99% owning and 47.01% renting.

The housing in Nanticoke was primarily built before 1939 ( 52.91%), 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 ( 28.66%), followed by between 1970-1999 ( 16.55%). There's also some housing in Nanticoke built between 2000 and later ( 1.88%).

Vacant housing appears to be an issue in Nanticoke. Fully 13.45% 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 0.06% 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 4.34%, 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 1.23%, which equates to an annual appreciation rate of 5.02%.

Relative to Pennsylvania, our data show that Nanticoke's latest annual appreciation rate is higher than 60% 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:
$94,190

Nanticoke, PA HOME PRICES

Value Range
> $1,106,000 0.0
$830,001 - $1,106,000 0.2
$553,001 - $830,000 0.0
$443,001 - $553,000 0.0
$332,001 - $443,000 1.8
$221,001 - $332,000 3.4
$111,001 - $221,000 25.6
$55,001 - $111,000 54.1
$0 - $55,000 14.9

Very Low for PA
Very Low for Nation

Value Relative to Nation Value Relative to State
82.7311588686538 82.8019323671498

Number Of Homes And Apartments:
4,551

Rent & Ownership

 

Average Market Rent:
$753 / per month

Homeownership Rate

Homeownership
Owners 52.99
Renters 47.01
Vacant 13.45

Housing Market Details

 

Age of Homes

AGE OF Nanticoke HOMES
2000 or Newer 1.9
1970 - 1999 16.5
1940 - 1969 28.7
1939 or Older 52.9

Types of Homes

TYPE OF Nanticoke HOMES
Single-Family 54.3
Townhomes 15.3
Small Apt. Buildings 19.0
Apt. Complexes 11.3
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Nanticoke HOMES
No Bedroom 2.89
1 Bedroom 11.37
2 Bedrooms 24.44
3 Bedrooms 51.29
4 Bedrooms 8.14
5 or more bedrooms 1.86

Nanticoke 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
29.40% 1.53% 2 3
* 10 is highest