Spring City, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Spring City Neighborhoods Since 2000




Spring City, 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

Spring City Housing Market Information

With 3,322 people, 1,379 houses or apartments, and a median cost of homes of $178,601, Spring City real estate prices are well above average cost compared to national prices.

Row houses and other attached homes are the single most common housing type in Spring City, accounting for 35.91% of the borough's housing units. Other types of housing that are prevalent in Spring City include single-family detached homes ( 25.05%), large apartment complexes or high rise apartments ( 24.77%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 14.27%). Boroughs that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of boroughs are often walkable and compact, and often have a lively downtown.

The most prevalent building size and type in Spring City are three and four bedroom dwellings, chiefly found in row houses and other attached homes. The borough has a mixture of owners and renters, with 52.14% owning and 47.86% renting.

The housing in Spring City was primarily built before 1939 ( 57.06%), making the housing stock in Spring City some of the oldest overall in America, although there is a range of ages of homes in Spring City. The next most important housing age is between 1940-1969 ( 20.18%), followed by between 1970-1999 ( 19.14%). There's also some housing in Spring City built between 2000 and later ( 3.62%).

Spring City Home Appreciation Rates

Spring City's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Spring City during the period has been just -1.37%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Spring City's appreciation rate, at 3.65%, has been at or slightly above the national average. In the latest quarter, Spring City's appreciation rate has been 0.08%, which annualizes to a rate of 0.32%.

Relative to Pennsylvania, our data show that Spring City's latest annual appreciation rate is higher than 70% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$178,601

Spring City, PA HOME PRICES

Value Range
> $1,075,000 0.0
$807,001 - $1,075,000 0.0
$538,001 - $807,000 0.0
$430,001 - $538,000 0.0
$322,001 - $430,000 5.2
$215,001 - $322,000 16.6
$108,001 - $215,000 69.6
$54,001 - $108,000 6.3
$0 - $54,000 2.4

High for PA
High for Nation

Value Relative to Nation Value Relative to State
38.6206492441111 27.536231884058

Number Of Homes And Apartments:
1,379

Spring City 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
42.03% 2.05% 5 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,052 / per month

Homeownership Rate

Homeownership
Owners 52.14
Renters 47.86
Vacant 4.04

Housing Market Details

 

Age of Homes

AGE OF Spring City HOMES
2000 or Newer 3.6
1970 - 1999 19.1
1940 - 1969 20.2
1939 or Older 57.1

Types of Homes

TYPE OF Spring City HOMES
Single-Family 25.1
Townhomes 35.9
Small Apt. Buildings 14.3
Apt. Complexes 24.8
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Spring City HOMES
No Bedroom 2.99
1 Bedroom 22.76
2 Bedrooms 19.62
3 Bedrooms 34.59
4 Bedrooms 15.45
5 or more bedrooms 4.59