Roaring Spring, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Roaring Spring Neighborhoods Since 2000




Roaring Spring, 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

Roaring Spring Housing Market Information

With 2,537 people, 1,029 houses or apartments, and a median cost of homes of $117,150, house prices in Roaring Spring are solidly below the national average.

Single-family detached homes are the single most common housing type in Roaring Spring, accounting for 72.30% of the borough's housing units. Other types of housing that are prevalent in Roaring Spring include duplexes, homes converted to apartments or other small apartment buildings ( 15.81%), large apartment complexes or high rise apartments ( 6.22%), and a few row houses and other attached homes ( 4.84%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Roaring Spring. Owner-occupied housing accounts for 72.55% of Roaring Spring's homes, and 62.71% have either three or four bedrooms, which is average sized relative to America.

The housing in Roaring Spring was primarily built before 1939 ( 49.82%), making the housing stock in Roaring Spring some of the oldest overall in America, although there is a range of ages of homes in Roaring Spring. The next most important housing age is between 1940-1969 ( 34.00%), followed by between 1970-1999 ( 15.72%).

Roaring Spring Home Appreciation Rates

In the last 10 years, Roaring Spring has experienced some of the highest home appreciation rates of any community in the nation. Roaring Spring real estate appreciated 21.93% over the last ten years, which is an average annual home appreciation rate of 2.00%, putting Roaring Spring in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Roaring Spring definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Roaring Spring's appreciation rate, at 3.28%, has been at or slightly above the national average. In the latest quarter, Roaring Spring's appreciation rate has been 1.07%, which annualizes to a rate of 4.36%.

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

Average Home Values

 

Median Home Value:
$117,150

Roaring Spring, PA HOME PRICES

Value Range
> $1,074,000 1.5
$805,001 - $1,074,000 0.0
$537,001 - $805,000 0.0
$429,001 - $537,000 0.0
$322,001 - $429,000 0.3
$215,001 - $322,000 7.0
$107,001 - $215,000 49.0
$54,001 - $107,000 36.5
$0 - $54,000 5.7

Low for PA
Low for Nation

Value Relative to Nation Value Relative to State
67.1100433610688 64.0579710144928

Number Of Homes And Apartments:
1,029

Roaring Spring 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
58.35% 2.70% 8 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$702 / per month

Homeownership Rate

Homeownership
Owners 72.55
Renters 27.45
Vacant 5.94

Housing Market Details

 

Age of Homes

AGE OF Roaring Spring HOMES
2000 or Newer 0.5
1970 - 1999 15.7
1940 - 1969 34.0
1939 or Older 49.8

Types of Homes

TYPE OF Roaring Spring HOMES
Single-Family 72.3
Townhomes 4.8
Small Apt. Buildings 15.8
Apt. Complexes 6.2
Mobile Homes 0.8
Other 0.0

Home Size

SIZE OF Roaring Spring HOMES
No Bedroom 2.93
1 Bedroom 11.06
2 Bedrooms 20.48
3 Bedrooms 45.06
4 Bedrooms 17.64
5 or more bedrooms 2.83

Popular Neighborhoods in Roaring Spring

Zip Codes in Roaring Spring, PA