Punxsutawney, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Punxsutawney Neighborhoods Since 2000




Punxsutawney, 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

Punxsutawney Housing Market Information

With a population of 5,861, 2,502 total housing units (homes and apartments), and a median house value of $69,675, house prices in Punxsutawney 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 Punxsutawney, accounting for 65.63% of the borough's housing units. Other types of housing that are prevalent in Punxsutawney include large apartment complexes or high rise apartments ( 14.13%), duplexes, homes converted to apartments or other small apartment buildings ( 13.72%), and a few mobile homes or trailers ( 3.99%).

The most prevalent building size and type in Punxsutawney are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 54.68% owning and 45.32% renting.

The housing in Punxsutawney was primarily built before 1939 ( 50.59%), making the housing stock in Punxsutawney some of the oldest overall in America, although there is a range of ages of homes in Punxsutawney. The next most important housing age is between 1940-1969 ( 23.93%), followed by between 1970-1999 ( 20.72%). There's also some housing in Punxsutawney built between 2000 and later ( 4.77%).

Vacant housing appears to be an issue in Punxsutawney. Fully 15.44% of the housing stock is classified as vacant. Left unchecked, vacant Punxsutawney homes and apartments can be a drag on the real estate market, holding Punxsutawney 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.

Punxsutawney Home Appreciation Rates

Appreciation rates for homes in Punxsutawney have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 6.37%, which ranks in the top 40% nationwide. This equates to an annual average Punxsutawney house appreciation rate of 0.62%.

Over the last year, Punxsutawney appreciation rates have trailed the rest of the nation. In the last twelve months, Punxsutawney's appreciation rate has been 1.66%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Punxsutawney were at -1.59%, which equates to an annual appreciation rate of -6.20%.

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

Relative to Pennsylvania, our data show that Punxsutawney's latest annual appreciation rate is lower than 60% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$69,675

Punxsutawney, PA HOME PRICES

Value Range
> $1,025,000 0.0
$769,001 - $1,025,000 0.0
$513,001 - $769,000 0.4
$410,001 - $513,000 0.4
$308,001 - $410,000 0.0
$205,001 - $308,000 2.6
$103,001 - $205,000 22.1
$51,001 - $103,000 41.7
$0 - $51,000 32.8

Very Low for PA
Very Low for Nation

Value Relative to Nation Value Relative to State
95.3943513418493 94.2995169082126

Number Of Homes And Apartments:
2,502

Punxsutawney 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
44.79% 2.17% 5 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$935 / per month

Homeownership Rate

Homeownership
Owners 54.68
Renters 45.32
Vacant 15.44

Housing Market Details

 

Age of Homes

AGE OF Punxsutawney HOMES
2000 or Newer 4.8
1970 - 1999 20.7
1940 - 1969 23.9
1939 or Older 50.6

Types of Homes

TYPE OF Punxsutawney HOMES
Single-Family 65.6
Townhomes 2.5
Small Apt. Buildings 13.7
Apt. Complexes 14.1
Mobile Homes 4.0
Other 0.0

Home Size

SIZE OF Punxsutawney HOMES
No Bedroom 3.58
1 Bedroom 13.18
2 Bedrooms 24.10
3 Bedrooms 38.86
4 Bedrooms 16.53
5 or more bedrooms 3.75