Saltsburg, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Saltsburg Neighborhoods Since 2000




Saltsburg, 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

Saltsburg Housing Market Information

With 837 people, 363 houses or apartments, and a median cost of homes of $111,415, house prices in Saltsburg are solidly below the national average.

Single-family detached homes are the single most common housing type in Saltsburg, accounting for 59.72% of the borough's housing units. Other types of housing that are prevalent in Saltsburg include large apartment complexes or high rise apartments ( 19.67%), duplexes, homes converted to apartments or other small apartment buildings ( 11.48%), and a few row houses and other attached homes ( 5.62%).

The most prevalent building size and type in Saltsburg are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 52.89% owning and 47.11% renting.

The housing in Saltsburg was primarily built before 1939 ( 53.86%), making the housing stock in Saltsburg some of the oldest overall in America, although there is a range of ages of homes in Saltsburg. The next most important housing age is between 1970-1999 ( 22.48%), followed by between 1940-1969 ( 20.84%). There's also some housing in Saltsburg built between 2000 and later ( 2.81%).

Vacant housing appears to be an issue in Saltsburg. Fully 14.99% of the housing stock is classified as vacant. Left unchecked, vacant Saltsburg homes and apartments can be a drag on the real estate market, holding Saltsburg 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.

Saltsburg Home Appreciation Rates

Appreciation rates for homes in Saltsburg have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 12.89%, which ranks in the top 30% nationwide. This equates to an annual average Saltsburg house appreciation rate of 1.22%.

Over the last year, Saltsburg appreciation rates have trailed the rest of the nation. In the last twelve months, Saltsburg's appreciation rate has been 1.82%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Saltsburg were at -1.59%, which equates to an annual appreciation rate of -6.20%.

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

Relative to Pennsylvania, our data show that Saltsburg's latest annual appreciation rate is lower than 50% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$111,415

Saltsburg, PA HOME PRICES

Value Range
> $1,040,000 0.4
$780,001 - $1,040,000 0.3
$520,001 - $780,000 2.3
$416,001 - $520,000 1.9
$312,001 - $416,000 2.5
$208,001 - $312,000 9.4
$104,001 - $208,000 34.8
$52,001 - $104,000 32.9
$0 - $52,000 15.4

Low for PA
Low for Nation

Value Relative to Nation Value Relative to State
70.5437712410641 68.3091787439614

Number Of Homes And Apartments:
363

Saltsburg 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
53.90% 2.53% 7 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$698 / per month

Homeownership Rate

Homeownership
Owners 52.89
Renters 47.11
Vacant 14.99

Housing Market Details

 

Age of Homes

AGE OF Saltsburg HOMES
2000 or Newer 2.8
1970 - 1999 22.5
1940 - 1969 20.8
1939 or Older 53.9

Types of Homes

TYPE OF Saltsburg HOMES
Single-Family 59.7
Townhomes 5.6
Small Apt. Buildings 11.5
Apt. Complexes 19.7
Mobile Homes 3.5
Other 0.0

Home Size

SIZE OF Saltsburg HOMES
No Bedroom 0.00
1 Bedroom 16.63
2 Bedrooms 29.74
3 Bedrooms 39.34
4 Bedrooms 11.94
5 or more bedrooms 2.34