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 a population of 827, 347 total housing units (homes and apartments), and a median house value of $83,333, house prices in Shickshinny are some of the most affordable in Pennsylvania as well as the nation.
Single-family detached homes are the single most common housing type in Shickshinny, accounting for 63.44% of the borough's housing units. Other types of housing that are prevalent in Shickshinny include large apartment complexes or high rise apartments ( 15.09%), duplexes, homes converted to apartments or other small apartment buildings ( 13.92%), and a few row houses and other attached homes ( 7.55%).
The most prevalent building size and type in Shickshinny are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 58.79% owning and 41.21% renting.
The housing in Shickshinny was primarily built before 1939 ( 58.96%), making the housing stock in Shickshinny some of the oldest overall in America, although there is a range of ages of homes in Shickshinny. The next most important housing age is between 1970-1999 ( 22.88%), followed by between 1940-1969 ( 13.44%). There's also some housing in Shickshinny built between 2000 and later ( 4.72%).
Vacant housing appears to be an issue in Shickshinny. Fully 18.16% of the housing stock is classified as vacant. Left unchecked, vacant Shickshinny homes and apartments can be a drag on the real estate market, holding Shickshinny 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 Shickshinny have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 3.39%, which ranks in the top 50% nationwide. This equates to an annual average Shickshinny house appreciation rate of 0.33%.
NeighborhoodScout's data show that during the latest twelve months, Shickshinny's appreciation rate, at 5.30%, has been at or slightly above the national average. In the latest quarter, Shickshinny's appreciation rate has been 2.13%, which annualizes to a rate of 8.80%.
Importantly, this makes Shickshinny one of the highest appreciating communities in the nation for the latest quarter, and may signal the borough's near-future real estate investment strength.
Relative to Pennsylvania, our data show that Shickshinny's latest annual appreciation rate is higher than 80% of the other cities and towns in Pennsylvania.
|$781,001 - $1,042,000||0.0|
|$521,001 - $781,000||0.0|
|$417,001 - $521,000||6.4|
|$312,001 - $417,000||0.0|
|$208,001 - $312,000||3.9|
|$104,001 - $208,000||13.2|
|$52,001 - $104,000||59.3|
|$0 - $52,000||17.2|
|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 Shickshinny HOMES|
|2000 or Newer||4.7|
|1970 - 1999||22.9|
|1940 - 1969||13.4|
|1939 or Older||59.0|
|TYPE OF Shickshinny HOMES|
|Small Apt. Buildings||13.9|
|SIZE OF Shickshinny HOMES|
|5 or more bedrooms||0.94|