Shickshinny, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Shickshinny, PA Real Estate Data


Shickshinny Housing Market Information

With 827 people, 316 houses or apartments, and a median cost of homes of $84,003, 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 62.75% of the borough's housing units. Other types of housing that are prevalent in Shickshinny include large apartment complexes or high rise apartments ( 14.46%), duplexes, homes converted to apartments or other small apartment buildings ( 12.50%), and a few row houses and other attached homes ( 9.31%).

People in Shickshinny primarily live in small (one, two or no bedroom) single-family detached homes. Shickshinny has a mixture of owner-occupied and renter-occupied housing.

The housing in Shickshinny was primarily built before 1939 ( 56.86%), 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 1940-1969 ( 21.81%), followed by between 1970-1999 ( 20.34%).

Vacant housing appears to be an issue in Shickshinny. Fully 22.55% 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.

Shickshinny Home Appreciation Rates

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 6.36%, which ranks in the top 50% nationwide. This equates to an annual average Shickshinny house appreciation rate of 0.62%.

Over the last year, Shickshinny appreciation rates have trailed the rest of the nation. In the last twelve months, Shickshinny's appreciation rate has been 3.65%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Shickshinny were at 1.23%, which equates to an annual appreciation rate of 5.02%.

Relative to Pennsylvania, our data show that Shickshinny's latest annual appreciation rate is lower than 60% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$84,003

Shickshinny, PA HOME PRICES

Value Range
> $1,037,000 0.0
$778,001 - $1,037,000 0.0
$519,001 - $778,000 0.0
$415,001 - $519,000 0.0
$311,001 - $415,000 1.1
$207,001 - $311,000 2.8
$104,001 - $207,000 23.9
$52,001 - $104,000 56.1
$0 - $52,000 16.1

Very Low for PA
Very Low for Nation

Value Relative to Nation Value Relative to State
89.008608069333 88.5024154589372

Number Of Homes And Apartments:
316

Rent & Ownership

 

Average Market Rent:
$702 / per month

Homeownership Rate

Homeownership
Owners 56.96
Renters 43.04
Vacant 22.55

Housing Market Details

 

Age of Homes

AGE OF Shickshinny HOMES
2000 or Newer 1.0
1970 - 1999 20.3
1940 - 1969 21.8
1939 or Older 56.9

Types of Homes

TYPE OF Shickshinny HOMES
Single-Family 62.7
Townhomes 9.3
Small Apt. Buildings 12.5
Apt. Complexes 14.5
Mobile Homes 1.0
Other 0.0

Home Size

SIZE OF Shickshinny HOMES
No Bedroom 6.13
1 Bedroom 17.16
2 Bedrooms 28.92
3 Bedrooms 36.03
4 Bedrooms 11.76
5 or more bedrooms 0.00

Shickshinny Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
43.73% 2.16% 5 5
* 10 is highest