Scottdale, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Scottdale Neighborhoods Since 2000




Scottdale, 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

Scottdale Housing Market Information

With a population of 4,251, 1,941 total housing units (homes and apartments), and a median house value of $112,342, house prices in Scottdale are solidly below the national average.

Single-family detached homes are the single most common housing type in Scottdale, accounting for 69.50% of the borough's housing units. Other types of housing that are prevalent in Scottdale include duplexes, homes converted to apartments or other small apartment buildings ( 12.73%), large apartment complexes or high rise apartments ( 10.62%), and a few row houses and other attached homes ( 6.61%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Scottdale. Owner-occupied housing accounts for 69.90% of Scottdale's homes, and 53.40% have either three or four bedrooms, which is average sized relative to America.

The housing in Scottdale was primarily built before 1939 ( 50.88%), making the housing stock in Scottdale some of the oldest overall in America, although there is a range of ages of homes in Scottdale. The next most important housing age is between 1940-1969 ( 31.49%), followed by between 1970-1999 ( 15.25%). There's also some housing in Scottdale built between 2000 and later ( 2.38%).

Vacant housing appears to be an issue in Scottdale. Fully 12.69% of the housing stock is classified as vacant. Left unchecked, vacant Scottdale homes and apartments can be a drag on the real estate market, holding Scottdale 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.

Scottdale Home Appreciation Rates

In the last 10 years, Scottdale has experienced some of the highest home appreciation rates of any community in the nation. Scottdale real estate appreciated 16.97% over the last ten years, which is an average annual home appreciation rate of 1.58%, putting Scottdale in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Scottdale definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Scottdale appreciation rates have trailed the rest of the nation. In the last twelve months, Scottdale's appreciation rate has been 2.06%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Scottdale were at -0.41%, which equates to an annual appreciation rate of -1.65%.

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

Average Home Values

 

Median Home Value:
$112,342

Scottdale, PA HOME PRICES

Value Range
> $1,099,000 0.0
$825,001 - $1,099,000 0.0
$550,001 - $825,000 0.0
$440,001 - $550,000 0.0
$330,001 - $440,000 0.4
$220,001 - $330,000 2.0
$110,001 - $220,000 45.1
$55,001 - $110,000 45.9
$0 - $55,000 6.5

Low for PA
Low for Nation

Value Relative to Nation Value Relative to State
69.954881050041 67.8260869565217

Number Of Homes And Apartments:
1,941

Scottdale 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
52.80% 2.49% 7 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$851 / per month

Homeownership Rate

Homeownership
Owners 69.90
Renters 30.10
Vacant 12.69

Housing Market Details

 

Age of Homes

AGE OF Scottdale HOMES
2000 or Newer 2.4
1970 - 1999 15.2
1940 - 1969 31.5
1939 or Older 50.9

Types of Homes

TYPE OF Scottdale HOMES
Single-Family 69.5
Townhomes 6.6
Small Apt. Buildings 12.7
Apt. Complexes 10.6
Mobile Homes 0.5
Other 0.0

Home Size

SIZE OF Scottdale HOMES
No Bedroom 5.49
1 Bedroom 10.17
2 Bedrooms 28.88
3 Bedrooms 41.34
4 Bedrooms 12.06
5 or more bedrooms 2.07