Parkesburg, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Parkesburg, 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

Parkesburg Housing Market Information

With a population of 3,687, 1,416 total housing units (homes and apartments), and a median house value of $200,606, Parkesburg real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Parkesburg, accounting for 47.77% of the borough's housing units. Other types of housing that are prevalent in Parkesburg include row houses and other attached homes ( 25.03%), large apartment complexes or high rise apartments ( 18.22%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.97%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Parkesburg. Owner-occupied housing accounts for 65.47% of Parkesburg's homes, and 58.37% have either three or four bedrooms, which is average sized relative to America.

The housing in Parkesburg was primarily built before 1939 ( 37.52%), making the housing stock in Parkesburg some of the oldest overall in America, although there is a range of ages of homes in Parkesburg. The next most important housing age is between 1970-1999 ( 28.27%), followed by between 1940-1969 ( 19.03%). There's also some housing in Parkesburg built between 2000 and later ( 15.18%).

Parkesburg Home Appreciation Rates

Parkesburg's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Parkesburg during the period has been just -1.52%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Parkesburg's appreciation rate, at 4.72%, has been at or slightly above the national average. In the latest quarter, Parkesburg's appreciation rate has been 0.08%, which annualizes to a rate of 0.32%.

Relative to Pennsylvania, our data show that Parkesburg's latest annual appreciation rate is higher than 80% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$200,606

Parkesburg, PA HOME PRICES

Value Range
> $1,060,000 0.0
$795,001 - $1,060,000 2.7
$530,001 - $795,000 0.0
$424,001 - $530,000 1.4
$318,001 - $424,000 3.3
$212,001 - $318,000 36.0
$106,001 - $212,000 45.7
$53,001 - $106,000 9.9
$0 - $53,000 1.0

High for PA
High for Nation

Value Relative to Nation Value Relative to State
32.0871909058948 20.6763285024155

Number Of Homes And Apartments:
1,416

Parkesburg 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
36.83% 1.83% 3 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,125 / per month

Homeownership Rate

Homeownership
Owners 65.47
Renters 34.53
Vacant 4.45

Housing Market Details

 

Age of Homes

AGE OF Parkesburg HOMES
2000 or Newer 15.2
1970 - 1999 28.3
1940 - 1969 19.0
1939 or Older 37.5

Types of Homes

TYPE OF Parkesburg HOMES
Single-Family 47.8
Townhomes 25.0
Small Apt. Buildings 9.0
Apt. Complexes 18.2
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Parkesburg HOMES
No Bedroom 5.33
1 Bedroom 14.44
2 Bedrooms 19.16
3 Bedrooms 44.87
4 Bedrooms 13.50
5 or more bedrooms 2.70