Stroudsburg, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Stroudsburg, 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

Stroudsburg Housing Market Information

With a population of 5,444, 2,289 total housing units (homes and apartments), and a median house value of $176,387, Stroudsburg real estate prices are well above average cost compared to national prices.

Duplexes, homes converted to apartments or other small apartment buildings are the single most common housing type in Stroudsburg, accounting for 29.05% of the borough's housing units. Other types of housing that are prevalent in Stroudsburg include single-family detached homes ( 28.50%), large apartment complexes or high rise apartments ( 25.00%), and a few row houses and other attached homes ( 16.27%). 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.

Stroudsburg is dominated by renter-occupied one, two, or no bedrooms apartments. 67.27% of Stroudsburg's dwellings are rentals.

The housing in Stroudsburg was primarily built before 1939 ( 53.02%), making the housing stock in Stroudsburg some of the oldest overall in America, although there is a range of ages of homes in Stroudsburg. The next most important housing age is between 1940-1969 ( 23.49%), followed by between 1970-1999 ( 22.83%).

Vacant housing appears to be an issue in Stroudsburg. Fully 15.72% of the housing stock is classified as vacant. Left unchecked, vacant Stroudsburg homes and apartments can be a drag on the real estate market, holding Stroudsburg 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.

Stroudsburg Home Appreciation Rates

Homes have actually lost value in Stroudsburg over the last then years, as home values have seen a decline of 30.83% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Stroudsburg home appreciation rates at -0.11%, which equates to an annual appreciation rate of -0.43%.

Over the last year, Stroudsburg appreciation rates have trailed the rest of the nation. In the last twelve months, Stroudsburg's appreciation rate has been -6.41%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Stroudsburg were at -0.11%, which equates to an annual appreciation rate of -0.43%.

Relative to Pennsylvania, our data show that Stroudsburg's latest annual appreciation rate is lower than 90% of the other cities and towns in Pennsylvania.

One very important thing to keep in mind is that these are average appreciation rates for the borough. Individual neighborhoods within Stroudsburg differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Stroudsburg - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Stroudsburg real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$176,387

Stroudsburg, PA HOME PRICES

Value Range
> $967,000 3.3
$725,001 - $967,000 0.0
$483,001 - $725,000 0.0
$387,001 - $483,000 3.1
$290,001 - $387,000 3.8
$193,001 - $290,000 24.0
$96,001 - $193,000 60.4
$48,001 - $96,000 4.1
$0 - $48,000 1.5

High for PA
High for Nation

Value Relative to Nation Value Relative to State
39.4292745810383 28.8888888888889

Number Of Homes And Apartments:
2,289

Stroudsburg 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
16.58% 0.89% 1 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,138 / per month

Homeownership Rate

Homeownership
Owners 32.73
Renters 67.27
Vacant 15.72

Housing Market Details

 

Age of Homes

AGE OF Stroudsburg HOMES
2000 or Newer 0.7
1970 - 1999 22.8
1940 - 1969 23.5
1939 or Older 53.0

Types of Homes

TYPE OF Stroudsburg HOMES
Single-Family 28.5
Townhomes 16.3
Small Apt. Buildings 29.1
Apt. Complexes 25.0
Mobile Homes 1.2
Other 0.0

Home Size

SIZE OF Stroudsburg HOMES
No Bedroom 8.95
1 Bedroom 21.54
2 Bedrooms 28.28
3 Bedrooms 29.42
4 Bedrooms 8.14
5 or more bedrooms 3.68