South Park Township, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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South Park Township, PA Real Estate Data


South Park Township Housing Market Information

With a population of 13,498, 5,440 total housing units (homes and apartments), and a median house value of $180,581, South Park Township real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in South Park Township, accounting for 75.39% of the town's housing units. Other types of housing that are prevalent in South Park Township include large apartment complexes or high rise apartments ( 13.42%), row houses and other attached homes ( 7.63%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.55%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in South Park Township. Owner-occupied housing accounts for 79.29% of South Park Township's homes, and 71.51% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in South Park Township 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 South Park Township built between 1940-1969 ( 28.61%). A lesser amount of the housing stock also hails from before 1939 ( 11.85%). There's also some housing in South Park Township built between 2000 and later ( 5.52%).

South Park Township Home Appreciation Rates

In the last 10 years, South Park Township has experienced some of the highest home appreciation rates of any community in the nation. South Park Township real estate appreciated 23.27% over the last ten years, which is an average annual home appreciation rate of 2.11%, putting South Park Township in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, South Park Township definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, South Park Township appreciation rates have trailed the rest of the nation. In the last twelve months, South Park Township's appreciation rate has been 4.27%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in South Park Township were at 2.53%, which equates to an annual appreciation rate of 10.50%.

Relative to Pennsylvania, our data show that South Park Township's latest annual appreciation rate is higher than 50% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$180,581

South Park Township, PA HOME PRICES

Value Range
> $1,174,000 0.2
$880,001 - $1,174,000 0.0
$587,001 - $880,000 1.1
$469,001 - $587,000 0.3
$352,001 - $469,000 3.2
$235,001 - $352,000 15.6
$117,001 - $235,000 62.5
$59,001 - $117,000 14.4
$0 - $59,000 2.8

High for PA
High for Nation

Value Relative to Nation Value Relative to State
39.1052292557241 29.951690821256

Number Of Homes And Apartments:
5,440

Rent & Ownership

 

Average Market Rent:
$974 / per month

Homeownership Rate

Homeownership
Owners 79.29
Renters 20.71
Vacant 7.92

Housing Market Details

 

Age of Homes

AGE OF South Park Township HOMES
2000 or Newer 5.5
1970 - 1999 54.0
1940 - 1969 28.6
1939 or Older 11.8

Types of Homes

TYPE OF South Park Township HOMES
Single-Family 75.4
Townhomes 7.6
Small Apt. Buildings 3.6
Apt. Complexes 13.4
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF South Park Township HOMES
No Bedroom 0.00
1 Bedroom 5.91
2 Bedrooms 21.28
3 Bedrooms 49.83
4 Bedrooms 21.68
5 or more bedrooms 1.30

South Park Township 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
51.63% 2.48% 6 6
* 10 is highest

Popular Neighborhoods in South Park Township

Zip Codes in South Park Township, PA