Philipsburg, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Philipsburg Neighborhoods Since 2000




Philipsburg, 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

Philipsburg Housing Market Information

With 2,715 people, 1,346 houses or apartments, and a median cost of homes of $95,650, house prices in Philipsburg are solidly below the national average.

Single-family detached homes are the single most common housing type in Philipsburg, accounting for 58.50% of the borough's housing units. Other types of housing that are prevalent in Philipsburg include large apartment complexes or high rise apartments ( 15.24%), duplexes, homes converted to apartments or other small apartment buildings ( 12.70%), and a few row houses and other attached homes ( 9.84%).

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

The housing in Philipsburg was primarily built before 1939 ( 55.24%), making the housing stock in Philipsburg some of the oldest overall in America, although there is a range of ages of homes in Philipsburg. The next most important housing age is between 1940-1969 ( 31.60%), followed by between 1970-1999 ( 11.99%). There's also some housing in Philipsburg built between 2000 and later ( 1.17%).

Vacant housing appears to be an issue in Philipsburg. Fully 12.31% of the housing stock is classified as vacant. Left unchecked, vacant Philipsburg homes and apartments can be a drag on the real estate market, holding Philipsburg 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.

Philipsburg Home Appreciation Rates

Real estate appreciation rates in Philipsburg's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.33% during the period.

Over the last year, Philipsburg appreciation rates have trailed the rest of the nation. In the last twelve months, Philipsburg's appreciation rate has been -6.79%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Philipsburg were at -0.90%, which equates to an annual appreciation rate of -3.57%.

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

Relative to Pennsylvania, our data show that Philipsburg's latest annual appreciation rate is lower than 90% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$95,650

Philipsburg, PA HOME PRICES

Value Range
> $953,000 0.0
$715,001 - $953,000 0.0
$477,001 - $715,000 0.0
$381,001 - $477,000 0.0
$286,001 - $381,000 2.1
$191,001 - $286,000 3.9
$95,001 - $191,000 42.9
$48,001 - $95,000 39.7
$0 - $48,000 11.4

Low for PA
Very Low for Nation

Value Relative to Nation Value Relative to State
80.4465018164772 78.743961352657

Number Of Homes And Apartments:
1,346

Philipsburg 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
18.68% 1.00% 1 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$570 / per month

Homeownership Rate

Homeownership
Owners 58.81
Renters 41.19
Vacant 12.31

Housing Market Details

 

Age of Homes

AGE OF Philipsburg HOMES
2000 or Newer 1.2
1970 - 1999 12.0
1940 - 1969 31.6
1939 or Older 55.2

Types of Homes

TYPE OF Philipsburg HOMES
Single-Family 58.5
Townhomes 9.8
Small Apt. Buildings 12.7
Apt. Complexes 15.2
Mobile Homes 3.7
Other 0.0

Home Size

SIZE OF Philipsburg HOMES
No Bedroom 0.39
1 Bedroom 20.26
2 Bedrooms 26.06
3 Bedrooms 38.89
4 Bedrooms 6.91
5 or more bedrooms 7.49