Shamokin, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Shamokin Neighborhoods Since 2000




Shamokin, 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

Shamokin Housing Market Information

With a population of 7,162, 3,426 total housing units (homes and apartments), and a median house value of $40,982, house prices in Shamokin are some of the most affordable in Pennsylvania as well as the nation.

Row houses and other attached homes are the single most common housing type in Shamokin, accounting for 50.70% of the city's housing units. Other types of housing that are prevalent in Shamokin include single-family detached homes ( 24.58%), large apartment complexes or high rise apartments ( 14.03%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.39%). This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which often have a lively downtown.

The most prevalent building size and type in Shamokin are three and four bedroom dwellings, chiefly found in row houses and other attached homes. The city has a mixture of owners and renters, with 54.11% owning and 45.89% renting.

The housing in Shamokin was primarily built before 1939 ( 65.64%), making the housing stock in Shamokin some of the oldest overall in America, although there is a range of ages of homes in Shamokin. The next most important housing age is between 1940-1969 ( 18.40%), followed by between 1970-1999 ( 15.61%).

Vacant housing appears to be an issue in Shamokin. Fully 28.70% of the housing stock is classified as vacant. Left unchecked, vacant Shamokin homes and apartments can be a drag on the real estate market, holding Shamokin 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.

Shamokin Home Appreciation Rates

Appreciation rates for homes in Shamokin have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 2.24%, which ranks in the top 50% nationwide. This equates to an annual average Shamokin house appreciation rate of 0.22%.

Over the last year, Shamokin appreciation rates have trailed the rest of the nation. In the last twelve months, Shamokin's appreciation rate has been 2.11%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Shamokin were at -1.59%, which equates to an annual appreciation rate of -6.20%.

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

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

Average Home Values

 

Median Home Value:
$40,982

Shamokin, PA HOME PRICES

Value Range
> $1,010,000 0.0
$757,001 - $1,010,000 0.0
$505,001 - $757,000 0.0
$404,001 - $505,000 0.0
$303,001 - $404,000 0.4
$202,001 - $303,000 1.9
$101,001 - $202,000 9.8
$50,001 - $101,000 24.4
$0 - $50,000 63.5

Very Low for PA
Very Low for Nation

Value Relative to Nation Value Relative to State
99.7831946560412 99.4202898550725

Number Of Homes And Apartments:
3,426

Shamokin 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
36.84% 1.83% 3 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$752 / per month

Homeownership Rate

Homeownership
Owners 54.11
Renters 45.89
Vacant 28.70

Housing Market Details

 

Age of Homes

AGE OF Shamokin HOMES
2000 or Newer 0.4
1970 - 1999 15.6
1940 - 1969 18.4
1939 or Older 65.6

Types of Homes

TYPE OF Shamokin HOMES
Single-Family 24.6
Townhomes 50.7
Small Apt. Buildings 8.4
Apt. Complexes 14.0
Mobile Homes 2.3
Other 0.0

Home Size

SIZE OF Shamokin HOMES
No Bedroom 1.52
1 Bedroom 10.88
2 Bedrooms 24.83
3 Bedrooms 44.41
4 Bedrooms 12.61
5 or more bedrooms 5.74