Titusville, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Titusville, 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

Titusville Housing Market Information

With 5,389 people, 2,306 houses or apartments, and a median cost of homes of $81,748, house prices in Titusville 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 Titusville, accounting for 61.68% of the city's housing units. Other types of housing that are prevalent in Titusville include duplexes, homes converted to apartments or other small apartment buildings ( 19.88%), large apartment complexes or high rise apartments ( 16.11%), and a few row houses and other attached homes ( 2.06%).

The most prevalent building size and type in Titusville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 41.07% owning and 58.93% renting.

The housing in Titusville was primarily built before 1939 ( 57.26%), making the housing stock in Titusville some of the oldest overall in America, although there is a range of ages of homes in Titusville. The next most important housing age is between 1940-1969 ( 22.98%), followed by between 1970-1999 ( 18.21%). There's also some housing in Titusville built between 2000 and later ( 1.55%).

Vacant housing appears to be an issue in Titusville. Fully 10.48% of the housing stock is classified as vacant. Left unchecked, vacant Titusville homes and apartments can be a drag on the real estate market, holding Titusville 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.

Titusville Home Appreciation Rates

In the last 10 years, Titusville has experienced some of the highest home appreciation rates of any community in the nation. Titusville real estate appreciated 18.35% over the last ten years, which is an average annual home appreciation rate of 1.70%, putting Titusville in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Titusville definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Titusville that despite a nationwide downturn in the housing market, Titusville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Titusville appreciation rates continue to be some of the highest in America, at 19.78%, which is higher than appreciation rates in 99.86% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Titusville. Titusville appreciation rates in the latest quarter were at -1.59%, which equates to an annual appreciation rate of -6.20%.

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

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

Average Home Values

 

Median Home Value:
$81,748

Titusville, PA HOME PRICES

Value Range
> $1,294,000 0.4
$971,001 - $1,294,000 0.0
$647,001 - $971,000 0.0
$518,001 - $647,000 0.7
$388,001 - $518,000 0.4
$259,001 - $388,000 0.8
$130,001 - $259,000 21.6
$65,001 - $130,000 43.0
$0 - $65,000 33.1

Very Low for PA
Very Low for Nation

Value Relative to Nation Value Relative to State
89.3941169576937 88.0193236714976

Number Of Homes And Apartments:
2,306

Titusville 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
45.08% 2.18% 6 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$778 / per month

Homeownership Rate

Homeownership
Owners 41.07
Renters 58.93
Vacant 10.48

Housing Market Details

 

Age of Homes

AGE OF Titusville HOMES
2000 or Newer 1.6
1970 - 1999 18.2
1940 - 1969 23.0
1939 or Older 57.3

Types of Homes

TYPE OF Titusville HOMES
Single-Family 61.7
Townhomes 2.1
Small Apt. Buildings 19.9
Apt. Complexes 16.1
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Titusville HOMES
No Bedroom 5.55
1 Bedroom 12.38
2 Bedrooms 25.89
3 Bedrooms 38.20
4 Bedrooms 13.28
5 or more bedrooms 4.70

Popular Neighborhoods in Titusville

Zip Codes in Titusville, PA