Sharon Hill, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Sharon Hill, 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

Sharon Hill Housing Market Information

With 5,702 people, 2,004 houses or apartments, and a median cost of homes of $114,088, house prices in Sharon Hill are solidly below the national average.

Row houses and other attached homes are the single most common housing type in Sharon Hill, accounting for 59.51% of the borough's housing units. Other types of housing that are prevalent in Sharon Hill include single-family detached homes ( 27.41%), duplexes, homes converted to apartments or other small apartment buildings ( 11.83%), and a few large apartment complexes or high rise apartments ( 1.25%). This particular housing mix is relatively uncommon and characteristic of boroughs that are compact and walkable, and which often have a lively downtown.

Owner-occupied, three and four bedroom dwellings, primarily in row houses and other attached homes are the most prevalent type of housing you will see in Sharon Hill. Owner-occupied housing accounts for 77.60% of Sharon Hill's homes, and 75.22% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Sharon Hill's housing was primarily built during this period, from the '40s through the '60s. A full 55.76% of the borough's housing hails from this era. Other housing ages represented in Sharon Hill include homes built before 1939 ( 33.39%) and housing constructed between 1970-1999 ( 9.82%). There's also some housing in Sharon Hill built between 2000 and later ( 1.03%).

Vacant housing appears to be an issue in Sharon Hill. Fully 10.54% of the housing stock is classified as vacant. Left unchecked, vacant Sharon Hill homes and apartments can be a drag on the real estate market, holding Sharon Hill 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.

Sharon Hill Home Appreciation Rates

Sharon Hill's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Sharon Hill during the period has been just -1.99%, which is lower than 80% of US communities.

Over the last year, Sharon Hill appreciation rates have trailed the rest of the nation. In the last twelve months, Sharon Hill's appreciation rate has been 2.28%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Sharon Hill were at 0.08%, which equates to an annual appreciation rate of 0.32%.

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

Average Home Values

 

Median Home Value:
$114,088

Sharon Hill, PA HOME PRICES

Value Range
> $925,000 0.0
$693,001 - $925,000 0.0
$462,001 - $693,000 0.0
$370,001 - $462,000 0.0
$277,001 - $370,000 0.0
$185,001 - $277,000 10.5
$93,001 - $185,000 64.8
$46,001 - $93,000 21.9
$0 - $46,000 2.8

Low for PA
Low for Nation

Value Relative to Nation Value Relative to State
68.8503457166296 66.280193236715

Number Of Homes And Apartments:
2,004

Sharon Hill 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
30.79% 1.57% 2 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,412 / per month

Homeownership Rate

Homeownership
Owners 77.60
Renters 22.40
Vacant 10.54

Housing Market Details

 

Age of Homes

AGE OF Sharon Hill HOMES
2000 or Newer 1.0
1970 - 1999 9.8
1940 - 1969 55.8
1939 or Older 33.4

Types of Homes

TYPE OF Sharon Hill HOMES
Single-Family 27.4
Townhomes 59.5
Small Apt. Buildings 11.8
Apt. Complexes 1.3
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Sharon Hill HOMES
No Bedroom 0.00
1 Bedroom 5.04
2 Bedrooms 16.03
3 Bedrooms 62.14
4 Bedrooms 13.08
5 or more bedrooms 3.71

Popular Neighborhoods in Sharon Hill

Zip Codes in Sharon Hill, PA