Shenandoah, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Shenandoah, 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

Shenandoah Housing Market Information

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.

Shenandoah Home Appreciation Rates

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.

Average Home Values

 

Median Home Value:
$33,394

Shenandoah, PA HOME PRICES

Value Range
> $1,018,000 0.0
$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

Very Low for PA
Very Low for Nation

Value Relative to Nation Value Relative to State
99.9531231688738 99.8067632850242

Number Of Homes And Apartments:
2,066

Shenandoah 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
33.05% 1.67% 3 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$742 / per month

Homeownership Rate

Homeownership
Owners 50.88
Renters 49.12
Vacant 34.60

Housing Market Details

 

Age of Homes

AGE OF Shenandoah HOMES
2000 or Newer 0.9
1970 - 1999 8.7
1940 - 1969 15.2
1939 or Older 75.2

Types of Homes

TYPE OF Shenandoah HOMES
Single-Family 16.1
Townhomes 65.1
Small Apt. Buildings 10.1
Apt. Complexes 8.6
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Shenandoah HOMES
No Bedroom 2.03
1 Bedroom 10.73
2 Bedrooms 20.70
3 Bedrooms 46.00
4 Bedrooms 14.18
5 or more bedrooms 6.36

Popular Neighborhoods in Shenandoah

Zip Codes in Shenandoah, PA