Slippery Rock, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Slippery Rock Neighborhoods Since 2000




Slippery Rock, 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

Slippery Rock Housing Market Information

With a population of 3,613, 1,206 total housing units (homes and apartments), and a median house value of $183,972, Slippery Rock real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Slippery Rock, accounting for 42.01% of the borough's housing units. Other types of housing that are prevalent in Slippery Rock include large apartment complexes or high rise apartments ( 24.45%), duplexes, homes converted to apartments or other small apartment buildings ( 17.56%), and a few row houses and other attached homes ( 15.98%).

Renters dominate Slippery Rock's housing market, and most live in three of four bedroom dwellings, chiefly found in single-family detached homes.

There is a lot of housing in Slippery Rock built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Slippery Rock built between 1940-1969 ( 32.16%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.63%). There's also some housing in Slippery Rock built before 1939 ( 14.81%).

Vacant housing appears to be an issue in Slippery Rock. Fully 16.94% of the housing stock is classified as vacant. Left unchecked, vacant Slippery Rock homes and apartments can be a drag on the real estate market, holding Slippery Rock 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.

Slippery Rock Home Appreciation Rates

In the last 10 years, Slippery Rock has experienced some of the highest home appreciation rates of any community in the nation. Slippery Rock real estate appreciated 22.37% over the last ten years, which is an average annual home appreciation rate of 2.04%, putting Slippery Rock in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Slippery Rock definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Slippery Rock that despite a nationwide downturn in the housing market, Slippery Rock real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Slippery Rock appreciation rates continue to be some of the highest in America, at 7.03%, which is higher than appreciation rates in 81.49% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Slippery Rock. Slippery Rock appreciation rates in the latest quarter were at -0.41%, which equates to an annual appreciation rate of -1.65%.

Relative to Pennsylvania, our data show that Slippery Rock's latest annual appreciation rate is higher than 90% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$183,972

Slippery Rock, PA HOME PRICES

Value Range
> $1,140,000 0.0
$855,001 - $1,140,000 0.0
$570,001 - $855,000 4.2
$457,001 - $570,000 0.0
$342,001 - $457,000 6.3
$228,001 - $342,000 6.3
$114,001 - $228,000 73.1
$57,001 - $114,000 8.3
$0 - $57,000 1.8

High for PA
High for Nation

Value Relative to Nation Value Relative to State
36.7455759990625 24.9275362318841

Number Of Homes And Apartments:
1,206

Slippery Rock 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
55.21% 2.58% 8 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$894 / per month

Homeownership Rate

Homeownership
Owners 26.27
Renters 73.73
Vacant 16.94

Housing Market Details

 

Age of Homes

AGE OF Slippery Rock HOMES
2000 or Newer 17.6
1970 - 1999 35.4
1940 - 1969 32.2
1939 or Older 14.8

Types of Homes

TYPE OF Slippery Rock HOMES
Single-Family 42.0
Townhomes 16.0
Small Apt. Buildings 17.6
Apt. Complexes 24.4
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Slippery Rock HOMES
No Bedroom 3.58
1 Bedroom 16.87
2 Bedrooms 28.17
3 Bedrooms 34.37
4 Bedrooms 14.33
5 or more bedrooms 2.69