Seneca, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Seneca Neighborhoods Since 2000




Seneca, 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

Seneca Housing Market Information

With 1,043 people, 493 houses or apartments, and a median cost of homes of $101,033, house prices in Seneca are solidly below the national average.

Single-family detached homes are the single most common housing type in Seneca, accounting for 83.64% of the town's housing units. Other types of housing that are prevalent in Seneca include mobile homes or trailers ( 9.38%), duplexes, homes converted to apartments or other small apartment buildings ( 4.96%), and a few large apartment complexes or high rise apartments ( 2.02%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Seneca. Owner-occupied housing accounts for 85.19% of Seneca's homes, and 82.72% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Seneca 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 Seneca built between 1940-1969 ( 28.31%). A lesser amount of the housing stock also hails from before 1939 ( 25.92%). There's also some housing in Seneca built between 2000 and later ( 16.36%).

Seneca Home Appreciation Rates

Appreciation rates for homes in Seneca have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 7.26%, which ranks in the top 40% nationwide. This equates to an annual average Seneca house appreciation rate of 0.70%.

Over the last year, Seneca appreciation rates have trailed the rest of the nation. In the last twelve months, Seneca's appreciation rate has been 0.93%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Seneca were at -1.59%, which equates to an annual appreciation rate of -6.20%.

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

Relative to Pennsylvania, our data show that Seneca's latest annual appreciation rate is lower than 70% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$101,033

Seneca, PA HOME PRICES

Value Range
> $1,025,000 2.0
$769,001 - $1,025,000 1.2
$513,001 - $769,000 0.0
$410,001 - $513,000 1.0
$308,001 - $410,000 0.2
$205,001 - $308,000 5.2
$102,001 - $205,000 35.1
$51,001 - $102,000 40.5
$0 - $51,000 14.7

Low for PA
Low for Nation

Value Relative to Nation Value Relative to State
76.9541778975741 75.8454106280193

Number Of Homes And Apartments:
493

Seneca 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
43.43% 2.11% 5 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$749 / per month

Homeownership Rate

Homeownership
Owners 85.19
Renters 14.81
Vacant 9.38

Housing Market Details

 

Age of Homes

AGE OF Seneca HOMES
2000 or Newer 16.4
1970 - 1999 29.4
1940 - 1969 28.3
1939 or Older 25.9

Types of Homes

TYPE OF Seneca HOMES
Single-Family 83.6
Townhomes 0.0
Small Apt. Buildings 5.0
Apt. Complexes 2.0
Mobile Homes 9.4
Other 0.0

Home Size

SIZE OF Seneca HOMES
No Bedroom 0.00
1 Bedroom 2.21
2 Bedrooms 13.42
3 Bedrooms 64.89
4 Bedrooms 17.83
5 or more bedrooms 1.65