Tionesta, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Tionesta Neighborhoods Since 2000




Tionesta, 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

Tionesta Housing Market Information

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.

Tionesta Home Appreciation Rates

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.

Average Home Values

 

Median Home Value:
$105,224

Tionesta, PA HOME PRICES

Value Range
> $1,051,000 0.6
$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

Low for PA
Low for Nation

Value Relative to Nation Value Relative to State
74.1767256533458 72.463768115942

Number Of Homes And Apartments:
235

Tionesta 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
62.36% 2.85% 9 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$536 / per month

Homeownership Rate

Homeownership
Owners 67.23
Renters 32.77
Vacant 28.13

Housing Market Details

 

Age of Homes

AGE OF Tionesta HOMES
2000 or Newer 3.4
1970 - 1999 30.3
1940 - 1969 27.2
1939 or Older 39.1

Types of Homes

TYPE OF Tionesta HOMES
Single-Family 65.4
Townhomes 3.1
Small Apt. Buildings 5.2
Apt. Complexes 21.4
Mobile Homes 4.9
Other 0.0

Home Size

SIZE OF Tionesta HOMES
No Bedroom 1.22
1 Bedroom 24.46
2 Bedrooms 26.61
3 Bedrooms 32.72
4 Bedrooms 11.01
5 or more bedrooms 3.98

Popular Neighborhoods in Tionesta

Zip Codes in Tionesta, PA