Shavertown, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Shavertown Neighborhoods Since 2000




Shavertown, 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

Shavertown Housing Market Information

With a population of 2,013, 1,053 total housing units (homes and apartments), and a median house value of $160,590, Shavertown real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Shavertown, accounting for 82.05% of the town's housing units. Other types of housing that are prevalent in Shavertown include duplexes, homes converted to apartments or other small apartment buildings ( 7.60%), row houses and other attached homes ( 7.60%), and a few large apartment complexes or high rise apartments ( 1.61%).

The most prevalent building size and type in Shavertown are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 64.67% owning and 35.33% renting.

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. Shavertown's housing was primarily built during this period, from the '40s through the '60s. A full 43.40% of the town's housing hails from this era. Other housing ages represented in Shavertown include homes built between 1970-1999 ( 28.40%) and housing constructed before 1939 ( 28.21%).

Shavertown Home Appreciation Rates

Shavertown's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Shavertown during the period has been just -0.97%, which is lower than 70% of US communities.

Over the last year, Shavertown appreciation rates have trailed the rest of the nation. In the last twelve months, Shavertown's appreciation rate has been 0.95%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Shavertown were at 2.13%, which equates to an annual appreciation rate of 8.80%.

Importantly, this makes Shavertown one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

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

Average Home Values

 

Median Home Value:
$160,590

Shavertown, PA HOME PRICES

Value Range
> $998,000 0.0
$748,001 - $998,000 0.0
$499,001 - $748,000 5.2
$399,001 - $499,000 0.5
$299,001 - $399,000 6.6
$200,001 - $299,000 14.1
$100,001 - $200,000 57.2
$50,001 - $100,000 9.5
$0 - $50,000 6.9

High for PA
Average for Nation

Value Relative to Nation Value Relative to State
45.4177897574124 39.0338164251208

Number Of Homes And Apartments:
1,053

Shavertown 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
28.99% 1.49% 2 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$963 / per month

Homeownership Rate

Homeownership
Owners 64.67
Renters 35.33
Vacant 0.00

Housing Market Details

 

Age of Homes

AGE OF Shavertown HOMES
2000 or Newer 0.0
1970 - 1999 28.4
1940 - 1969 43.4
1939 or Older 28.2

Types of Homes

TYPE OF Shavertown HOMES
Single-Family 82.1
Townhomes 7.6
Small Apt. Buildings 7.6
Apt. Complexes 1.6
Mobile Homes 1.1
Other 0.0

Home Size

SIZE OF Shavertown HOMES
No Bedroom 0.00
1 Bedroom 8.17
2 Bedrooms 15.57
3 Bedrooms 55.75
4 Bedrooms 18.99
5 or more bedrooms 1.52

Popular Neighborhoods in Shavertown

Zip Codes in Shavertown, PA