Sunbury, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Sunbury Neighborhoods Since 2000




Sunbury, 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

Sunbury Housing Market Information

With a population of 9,652, 4,203 total housing units (homes and apartments), and a median house value of $88,644, house prices in Sunbury 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 Sunbury, accounting for 42.76% of the city's housing units. Other types of housing that are prevalent in Sunbury include row houses and other attached homes ( 22.63%), duplexes, homes converted to apartments or other small apartment buildings ( 18.42%), and a few large apartment complexes or high rise apartments ( 14.28%).

The most prevalent building size and type in Sunbury are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 46.04% owning and 53.96% renting.

The housing in Sunbury was primarily built before 1939 ( 59.82%), making the housing stock in Sunbury some of the oldest overall in America, although there is a range of ages of homes in Sunbury. The next most important housing age is between 1940-1969 ( 20.39%), followed by between 1970-1999 ( 19.09%).

Sunbury Home Appreciation Rates

Appreciation rates for homes in Sunbury have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 3.98%, which ranks in the top 50% nationwide. This equates to an annual average Sunbury house appreciation rate of 0.39%.

Appreciation rates are so strong in Sunbury that despite a nationwide downturn in the housing market, Sunbury real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Sunbury appreciation rates continue to be some of the highest in America, at 10.03%, which is higher than appreciation rates in 93.94% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Sunbury. Sunbury appreciation rates in the latest quarter were at -1.59%, which equates to an annual appreciation rate of -6.20%.

Notably, Sunbury's appreciation rate in the latest quarter is one of the lowest in America.

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

Average Home Values

 

Median Home Value:
$88,644

Sunbury, PA HOME PRICES

Value Range
> $1,097,000 0.0
$823,001 - $1,097,000 0.0
$549,001 - $823,000 0.0
$439,001 - $549,000 0.0
$329,001 - $439,000 2.7
$219,001 - $329,000 2.1
$110,001 - $219,000 22.4
$55,001 - $110,000 48.9
$0 - $55,000 23.8

Very Low for PA
Very Low for Nation

Value Relative to Nation Value Relative to State
84.970116020157 83.3816425120773

Number Of Homes And Apartments:
4,203

Sunbury 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
36.06% 1.80% 3 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$766 / per month

Homeownership Rate

Homeownership
Owners 46.04
Renters 53.96
Vacant 8.91

Housing Market Details

 

Age of Homes

AGE OF Sunbury HOMES
2000 or Newer 0.7
1970 - 1999 19.1
1940 - 1969 20.4
1939 or Older 59.8

Types of Homes

TYPE OF Sunbury HOMES
Single-Family 42.8
Townhomes 22.6
Small Apt. Buildings 18.4
Apt. Complexes 14.3
Mobile Homes 1.9
Other 0.0

Home Size

SIZE OF Sunbury HOMES
No Bedroom 2.38
1 Bedroom 18.10
2 Bedrooms 22.63
3 Bedrooms 42.00
4 Bedrooms 11.14
5 or more bedrooms 3.75