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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 6,141, 1,303 total housing units (homes and apartments), and a median house value of $221,264, Sugarloaf real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Sugarloaf, accounting for 89.23% of the town's housing units. Other types of housing that are prevalent in Sugarloaf include mobile homes or trailers ( 4.58%), row houses and other attached homes ( 3.08%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.69%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Sugarloaf. Owner-occupied housing accounts for 79.33% of Sugarloaf's homes, and 71.39% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Sugarloaf 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 Sugarloaf built between 1940-1969 ( 22.66%). A lesser amount of the housing stock also hails from before 1939 ( 18.58%). There's also some housing in Sugarloaf built between 2000 and later ( 13.07%).
Vacant housing appears to be an issue in Sugarloaf. Fully 14.06% of the housing stock is classified as vacant. Left unchecked, vacant Sugarloaf homes and apartments can be a drag on the real estate market, holding Sugarloaf 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.
Real estate appreciation rates in Sugarloaf's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.12% during the period.
Over the last year, Sugarloaf appreciation rates have trailed the rest of the nation. In the last twelve months, Sugarloaf's appreciation rate has been 2.81%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Sugarloaf were at 2.13%, which equates to an annual appreciation rate of 8.80%.
Importantly, this makes Sugarloaf one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Pennsylvania, our data show that Sugarloaf's latest annual appreciation rate is higher than 60% of the other cities and towns in Pennsylvania.
|$763,001 - $1,018,000||0.5|
|$508,001 - $763,000||2.5|
|$407,001 - $508,000||3.4|
|$305,001 - $407,000||13.4|
|$203,001 - $305,000||22.1|
|$102,001 - $203,000||36.2|
|$51,001 - $102,000||13.1|
|$0 - $51,000||8.5|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Sugarloaf HOMES|
|2000 or Newer||13.1|
|1970 - 1999||45.7|
|1940 - 1969||22.7|
|1939 or Older||18.6|
|TYPE OF Sugarloaf HOMES|
|Small Apt. Buildings||2.7|
|SIZE OF Sugarloaf HOMES|
|5 or more bedrooms||6.34|