Springdale, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Springdale Neighborhoods Since 2000




Springdale, PA Real Estate Data


Springdale Housing Market Information

With a population of 3,375, 1,508 total housing units (homes and apartments), and a median house value of $94,860, house prices in Springdale are some of the most affordable in Pennsylvania as well as the nation.

Single-family detached homes are the single most common housing type in Springdale, accounting for 70.75% 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 ( 12.08%), large apartment complexes or high rise apartments ( 9.65%), and a few row houses and other attached homes ( 7.52%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Springdale. Owner-occupied housing accounts for 66.00% of Springdale's homes, and 50.80% have either three or four bedrooms, which is average sized relative to America.

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 49.67% of the borough's housing hails from this era. Other housing ages represented in Springdale include homes built before 1939 ( 34.75%) and housing constructed between 1970-1999 ( 13.56%). There's also some housing in Springdale built between 2000 and later ( 2.01%).

Vacant housing appears to be an issue in Springdale. Fully 10.72% 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 14.55%, which ranks in the top 30% nationwide. This equates to an annual average Springdale house appreciation rate of 1.37%.

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 3.01%, 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 2.53%, which equates to an annual appreciation rate of 10.50%.

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

Average Home Values

 

Median Home Value:
$94,860

Springdale, PA HOME PRICES

Value Range
> $1,058,000 0.0
$793,001 - $1,058,000 0.0
$529,001 - $793,000 0.7
$423,001 - $529,000 0.0
$318,001 - $423,000 0.0
$212,001 - $318,000 2.6
$106,001 - $212,000 32.4
$53,001 - $106,000 55.3
$0 - $53,000 9.0

Very Low for PA
Very Low for Nation

Value Relative to Nation Value Relative to State
82.1924225566551 82.0289855072464

Number Of Homes And Apartments:
1,508

Rent & Ownership

 

Average Market Rent:
$801 / per month

Homeownership Rate

Homeownership
Owners 66.00
Renters 34.00
Vacant 10.72

Housing Market Details

 

Age of Homes

AGE OF Springdale HOMES
2000 or Newer 2.0
1970 - 1999 13.6
1940 - 1969 49.7
1939 or Older 34.8

Types of Homes

TYPE OF Springdale HOMES
Single-Family 70.8
Townhomes 7.5
Small Apt. Buildings 12.1
Apt. Complexes 9.7
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Springdale HOMES
No Bedroom 0.00
1 Bedroom 14.03
2 Bedrooms 34.70
3 Bedrooms 42.21
4 Bedrooms 8.58
5 or more bedrooms 0.47

Springdale 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
35.03% 1.78% 3 4
* 10 is highest