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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 4,873 people, 2,066 houses or apartments, and a median cost of homes of $33,394, house prices in Shenandoah 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 Shenandoah, accounting for 65.15% of the borough's housing units. Other types of housing that are prevalent in Shenandoah include single-family detached homes ( 16.11%), duplexes, homes converted to apartments or other small apartment buildings ( 10.10%), and a few large apartment complexes or high rise apartments ( 8.64%). This particular housing mix is relatively uncommon and characteristic of boroughs that are compact and walkable, and which often have a lively downtown.
The most prevalent building size and type in Shenandoah are three and four bedroom dwellings, chiefly found in row houses and other attached homes. The borough has a mixture of owners and renters, with 50.88% owning and 49.12% renting.
The housing in Shenandoah was primarily built before 1939 ( 75.18%), making the housing stock in Shenandoah some of the oldest overall in America, although there is a range of ages of homes in Shenandoah. The next most important housing age is between 1940-1969 ( 15.16%), followed by between 1970-1999 ( 8.74%).
Vacant housing appears to be an issue in Shenandoah. Fully 34.60% of the housing stock is classified as vacant. Left unchecked, vacant Shenandoah homes and apartments can be a drag on the real estate market, holding Shenandoah 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.
Appreciation rates for homes in Shenandoah have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 0.83%, which ranks in the top 50% nationwide. This equates to an annual average Shenandoah house appreciation rate of 0.08%.
Over the last year, Shenandoah appreciation rates have trailed the rest of the nation. In the last twelve months, Shenandoah's appreciation rate has been 2.56%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Shenandoah were at -1.59%, which equates to an annual appreciation rate of -6.20%.
Notably, Shenandoah's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Pennsylvania, our data show that Shenandoah's latest annual appreciation rate is higher than 50% of the other cities and towns in Pennsylvania.
|$763,001 - $1,018,000||0.0|
|$509,001 - $763,000||0.0|
|$407,001 - $509,000||0.0|
|$305,001 - $407,000||0.0|
|$204,001 - $305,000||1.3|
|$102,001 - $204,000||6.3|
|$51,001 - $102,000||16.7|
|$0 - $51,000||75.7|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Shenandoah HOMES|
|2000 or Newer||0.9|
|1970 - 1999||8.7|
|1940 - 1969||15.2|
|1939 or Older||75.2|
|TYPE OF Shenandoah HOMES|
|Small Apt. Buildings||10.1|
|SIZE OF Shenandoah HOMES|
|5 or more bedrooms||6.36|