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 451, 235 total housing units (homes and apartments), and a median house value of $105,224, house prices in Tionesta are solidly below the national average.
Single-family detached homes are the single most common housing type in Tionesta, accounting for 65.44% of the borough's housing units. Other types of housing that are prevalent in Tionesta include large apartment complexes or high rise apartments ( 21.41%), duplexes, homes converted to apartments or other small apartment buildings ( 5.20%), and a few mobile homes or trailers ( 4.89%).
Dwellings in Tionesta tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 52.29% of the homes in Tionesta have two or fewer bedrooms.
The housing in Tionesta was primarily built before 1939 ( 39.14%), making the housing stock in Tionesta some of the oldest overall in America, although there is a range of ages of homes in Tionesta. The next most important housing age is between 1970-1999 ( 30.28%), followed by between 1940-1969 ( 27.22%). There's also some housing in Tionesta built between 2000 and later ( 3.36%).
Vacant housing appears to be an issue in Tionesta. Fully 28.13% of the housing stock is classified as vacant. Left unchecked, vacant Tionesta homes and apartments can be a drag on the real estate market, holding Tionesta 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.
In the last 10 years, Tionesta has experienced some of the highest home appreciation rates of any community in the nation. Tionesta real estate appreciated 19.54% over the last ten years, which is an average annual home appreciation rate of 1.80%, putting Tionesta in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Tionesta definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Tionesta appreciation rates have trailed the rest of the nation. In the last twelve months, Tionesta's appreciation rate has been 2.29%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Tionesta were at -1.59%, which equates to an annual appreciation rate of -6.20%.
Notably, Tionesta's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Pennsylvania, our data show that Tionesta's latest annual appreciation rate is higher than 50% of the other cities and towns in Pennsylvania.
|$788,001 - $1,051,000||0.0|
|$526,001 - $788,000||0.0|
|$420,001 - $526,000||2.2|
|$316,001 - $420,000||2.3|
|$210,001 - $316,000||10.6|
|$105,001 - $210,000||31.9|
|$52,001 - $105,000||38.0|
|$0 - $52,000||14.4|
|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 Tionesta HOMES|
|2000 or Newer||3.4|
|1970 - 1999||30.3|
|1940 - 1969||27.2|
|1939 or Older||39.1|
|TYPE OF Tionesta HOMES|
|Small Apt. Buildings||5.2|
|SIZE OF Tionesta HOMES|
|5 or more bedrooms||3.98|