Springdale, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Springdale Neighborhoods Since 2000




Springdale, 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

Springdale Housing Market Information

With 3,375 people, 1,556 houses or apartments, and a median cost of homes of $100,890, house prices in Springdale are solidly below the national average.

Single-family detached homes are the single most common housing type in Springdale, accounting for 71.56% of the borough's housing units. Other types of housing that are prevalent in Springdale include duplexes, homes converted to apartments or other small apartment buildings ( 10.29%), large apartment complexes or high rise apartments ( 10.12%), and a few row houses and other attached homes ( 8.03%).

The most prevalent building size and type in Springdale are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 64.38% owning and 35.62% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Springdale's housing was primarily built during this period, from the '40s through the '60s. A full 50.98% of the borough's housing hails from this era. Other housing ages represented in Springdale include homes built before 1939 ( 33.29%) and housing constructed between 1970-1999 ( 14.05%). There's also some housing in Springdale built between 2000 and later ( 1.68%).

Vacant housing appears to be an issue in Springdale. Fully 10.06% of the housing stock is classified as vacant. Left unchecked, vacant Springdale homes and apartments can be a drag on the real estate market, holding Springdale 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.

Springdale Home Appreciation Rates

Appreciation rates for homes in Springdale have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 9.91%, which ranks in the top 30% nationwide. This equates to an annual average Springdale house appreciation rate of 0.95%.

Over the last year, Springdale appreciation rates have trailed the rest of the nation. In the last twelve months, Springdale's appreciation rate has been 2.43%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Springdale were at -0.41%, which equates to an annual appreciation rate of -1.65%.

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

Average Home Values

 

Median Home Value:
$100,890

Springdale, PA HOME PRICES

Value Range
> $1,068,000 0.0
$801,001 - $1,068,000 0.0
$534,001 - $801,000 0.0
$427,001 - $534,000 0.0
$320,001 - $427,000 0.0
$214,001 - $320,000 1.5
$107,001 - $214,000 30.0
$53,001 - $107,000 58.4
$0 - $53,000 10.1

Low for PA
Low for Nation

Value Relative to Nation Value Relative to State
77.0127739364819 75.9420289855073

Number Of Homes And Apartments:
1,556

Springdale 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
33.31% 1.68% 3 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$913 / per month

Homeownership Rate

Homeownership
Owners 64.38
Renters 35.62
Vacant 10.06

Housing Market Details

 

Age of Homes

AGE OF Springdale HOMES
2000 or Newer 1.7
1970 - 1999 14.0
1940 - 1969 51.0
1939 or Older 33.3

Types of Homes

TYPE OF Springdale HOMES
Single-Family 71.6
Townhomes 8.0
Small Apt. Buildings 10.3
Apt. Complexes 10.1
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Springdale HOMES
No Bedroom 0.00
1 Bedroom 12.60
2 Bedrooms 34.57
3 Bedrooms 44.57
4 Bedrooms 7.86
5 or more bedrooms 0.40