Shickshinny, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Shickshinny Neighborhoods Since 2000




Shickshinny, 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

Shickshinny Housing Market Information

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.

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 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.

Average Home Values

 

Median Home Value:
$83,333

Shickshinny, PA HOME PRICES

Value Range
> $1,042,000 0.0
$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

Very Low for PA
Very Low for Nation

Value Relative to Nation Value Relative to State
88.4097035040431 87.3429951690821

Number Of Homes And Apartments:
347

Shickshinny 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
42.81% 2.09% 5 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$662 / per month

Homeownership Rate

Homeownership
Owners 58.79
Renters 41.21
Vacant 18.16

Housing Market Details

 

Age of Homes

AGE OF Shickshinny HOMES
2000 or Newer 4.7
1970 - 1999 22.9
1940 - 1969 13.4
1939 or Older 59.0

Types of Homes

TYPE OF Shickshinny HOMES
Single-Family 63.4
Townhomes 7.5
Small Apt. Buildings 13.9
Apt. Complexes 15.1
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Shickshinny HOMES
No Bedroom 6.13
1 Bedroom 18.40
2 Bedrooms 24.06
3 Bedrooms 33.96
4 Bedrooms 16.51
5 or more bedrooms 0.94