Schnecksville, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Schnecksville, PA Real Estate Data


Schnecksville Housing Market Information

With a population of 3,002, 1,059 total housing units (homes and apartments), and a median house value of $253,380, Schnecksville real estate is some of the most expensive in Pennsylvania, although Schnecksville home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Schnecksville, accounting for 59.75% of the town's housing units. Other types of housing that are prevalent in Schnecksville include large apartment complexes or high rise apartments ( 15.77%), row houses and other attached homes ( 14.19%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 9.63%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Schnecksville. Owner-occupied housing accounts for 75.26% of Schnecksville's homes, and 60.25% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Schnecksville built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Schnecksville built between 1940-1969 ( 23.24%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.38%). There's also some housing in Schnecksville built before 1939 ( 9.13%).

Vacant housing appears to be an issue in Schnecksville. Fully 12.12% of the housing stock is classified as vacant. Left unchecked, vacant Schnecksville homes and apartments can be a drag on the real estate market, holding Schnecksville 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.

Schnecksville Home Appreciation Rates

Schnecksville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Schnecksville during the period has been just -1.01%, which is lower than 70% of US communities.

Over the last year, Schnecksville appreciation rates have trailed the rest of the nation. In the last twelve months, Schnecksville's appreciation rate has been 3.84%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Schnecksville were at 1.92%, which equates to an annual appreciation rate of 7.90%.

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

Average Home Values

 

Median Home Value:
$253,380

Schnecksville, PA HOME PRICES

Value Range
> $1,073,000 0.8
$804,001 - $1,073,000 0.4
$536,001 - $804,000 3.8
$429,001 - $536,000 5.3
$322,001 - $429,000 20.9
$215,001 - $322,000 33.5
$108,001 - $215,000 24.5
$54,001 - $108,000 3.7
$0 - $54,000 7.2

Very High for PA
High for Nation

Value Relative to Nation Value Relative to State
22.603501786028 11.4009661835749

Number Of Homes And Apartments:
1,059

Rent & Ownership

 

Average Market Rent:
$1,134 / per month

Homeownership Rate

Homeownership
Owners 75.26
Renters 24.74
Vacant 12.12

Housing Market Details

 

Age of Homes

AGE OF Schnecksville HOMES
2000 or Newer 9.4
1970 - 1999 58.3
1940 - 1969 23.2
1939 or Older 9.1

Types of Homes

TYPE OF Schnecksville HOMES
Single-Family 59.8
Townhomes 14.2
Small Apt. Buildings 9.6
Apt. Complexes 15.8
Mobile Homes 0.7
Other 0.0

Home Size

SIZE OF Schnecksville HOMES
No Bedroom 0.00
1 Bedroom 11.29
2 Bedrooms 24.73
3 Bedrooms 32.12
4 Bedrooms 28.13
5 or more bedrooms 3.73

Schnecksville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
35.87% 1.82% 3 4
* 10 is highest

Popular Neighborhoods in Schnecksville

Zip Codes in Schnecksville, PA