Selinsgrove, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Selinsgrove Neighborhoods Since 2000




Selinsgrove, 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

Selinsgrove Housing Market Information

With 5,792 people, 1,812 houses or apartments, and a median cost of homes of $136,358, house prices in Selinsgrove are solidly below the national average.

Single-family detached homes are the single most common housing type in Selinsgrove, accounting for 50.92% of the borough's housing units. Other types of housing that are prevalent in Selinsgrove include row houses and other attached homes ( 17.29%), large apartment complexes or high rise apartments ( 16.15%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 15.63%).

Renters dominate Selinsgrove's housing market, and most live in three of four bedroom dwellings, chiefly found in single-family detached homes.

The housing in Selinsgrove was primarily built before 1939 ( 37.61%), making the housing stock in Selinsgrove some of the oldest overall in America, although there is a range of ages of homes in Selinsgrove. The next most important housing age is between 1940-1969 ( 36.05%), followed by between 1970-1999 ( 24.11%). There's also some housing in Selinsgrove built between 2000 and later ( 2.23%).

Vacant housing appears to be an issue in Selinsgrove. Fully 14.16% of the housing stock is classified as vacant. Left unchecked, vacant Selinsgrove homes and apartments can be a drag on the real estate market, holding Selinsgrove 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.

Selinsgrove Home Appreciation Rates

Appreciation rates for homes in Selinsgrove have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 11.83%, which ranks in the top 30% nationwide. This equates to an annual average Selinsgrove house appreciation rate of 1.12%.

Over the last year, Selinsgrove appreciation rates have trailed the rest of the nation. In the last twelve months, Selinsgrove's appreciation rate has been 1.84%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Selinsgrove were at -1.59%, which equates to an annual appreciation rate of -6.20%.

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

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

Average Home Values

 

Median Home Value:
$136,358

Selinsgrove, PA HOME PRICES

Value Range
> $1,031,000 0.0
$773,001 - $1,031,000 0.0
$516,001 - $773,000 0.0
$413,001 - $516,000 0.0
$309,001 - $413,000 0.0
$206,001 - $309,000 13.8
$103,001 - $206,000 49.2
$51,001 - $103,000 31.8
$0 - $51,000 5.2

Average for PA
Average for Nation

Value Relative to Nation Value Relative to State
56.5744755654518 52.463768115942

Number Of Homes And Apartments:
1,812

Selinsgrove 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
39.22% 1.94% 4 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$978 / per month

Homeownership Rate

Homeownership
Owners 30.57
Renters 69.43
Vacant 14.16

Housing Market Details

 

Age of Homes

AGE OF Selinsgrove HOMES
2000 or Newer 2.2
1970 - 1999 24.1
1940 - 1969 36.0
1939 or Older 37.6

Types of Homes

TYPE OF Selinsgrove HOMES
Single-Family 50.9
Townhomes 17.3
Small Apt. Buildings 15.6
Apt. Complexes 16.2
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Selinsgrove HOMES
No Bedroom 2.13
1 Bedroom 7.44
2 Bedrooms 37.80
3 Bedrooms 36.43
4 Bedrooms 14.83
5 or more bedrooms 1.37