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




Highest
Lowest

Highest Appreciating South Park Township Neighborhoods Since 2000




South Park Township, 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

South Park Township Housing Market Information

With 13,498 people, 5,468 houses or apartments, and a median cost of homes of $172,356, South Park Township real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in South Park Township, accounting for 74.88% 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 ( 14.50%), row houses and other attached homes ( 7.07%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.56%).

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 77.26% of South Park Township's homes, and 70.49% 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 ( 26.13%). A lesser amount of the housing stock also hails from before 1939 ( 12.41%). There's also some housing in South Park Township built between 2000 and later ( 5.53%).

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 15.78% over the last ten years, which is an average annual home appreciation rate of 1.48%, 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 -0.61%, 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 -0.41%, which equates to an annual appreciation rate of -1.65%.

Relative to Pennsylvania, our data show that South Park Township's latest annual appreciation rate is lower than 80% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$172,356

South Park Township, PA HOME PRICES

Value Range
> $1,072,000 0.0
$804,001 - $1,072,000 0.0
$536,001 - $804,000 1.1
$429,001 - $536,000 0.0
$322,001 - $429,000 3.8
$214,001 - $322,000 15.3
$107,001 - $214,000 63.6
$54,001 - $107,000 13.4
$0 - $54,000 2.8

High for PA
Average for Nation

Value Relative to Nation Value Relative to State
40.776983475917 31.4009661835749

Number Of Homes And Apartments:
5,468

South Park Township 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
43.96% 2.13% 5 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,039 / per month

Homeownership Rate

Homeownership
Owners 77.26
Renters 22.74
Vacant 6.42

Housing Market Details

 

Age of Homes

AGE OF South Park Township HOMES
2000 or Newer 5.5
1970 - 1999 55.9
1940 - 1969 26.1
1939 or Older 12.4

Types of Homes

TYPE OF South Park Township HOMES
Single-Family 74.9
Townhomes 7.1
Small Apt. Buildings 3.6
Apt. Complexes 14.5
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF South Park Township HOMES
No Bedroom 0.00
1 Bedroom 7.29
2 Bedrooms 21.10
3 Bedrooms 49.05
4 Bedrooms 21.44
5 or more bedrooms 1.11

Popular Neighborhoods in South Park Township

Zip Codes in South Park Township, PA