Tunkhannock, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Tunkhannock Neighborhoods Since 2000




Tunkhannock, 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

Tunkhannock Housing Market Information

With 1,780 people, 833 houses or apartments, and a median cost of homes of $170,786, Tunkhannock real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Tunkhannock, accounting for 58.41% of the borough's housing units. Other types of housing that are prevalent in Tunkhannock include duplexes, homes converted to apartments or other small apartment buildings ( 28.92%), large apartment complexes or high rise apartments ( 10.54%), and a few row houses and other attached homes ( 2.13%).

People in Tunkhannock primarily live in small (one, two or no bedroom) single-family detached homes. Tunkhannock has a mixture of owner-occupied and renter-occupied housing.

The housing in Tunkhannock was primarily built before 1939 ( 62.44%), making the housing stock in Tunkhannock some of the oldest overall in America, although there is a range of ages of homes in Tunkhannock. The next most important housing age is between 1970-1999 ( 20.18%), followed by between 1940-1969 ( 17.38%).

Tunkhannock Home Appreciation Rates

Appreciation rates for homes in Tunkhannock have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 6.25%, which ranks in the top 40% nationwide. This equates to an annual average Tunkhannock house appreciation rate of 0.61%.

Over the last year, Tunkhannock appreciation rates have trailed the rest of the nation. In the last twelve months, Tunkhannock's appreciation rate has been -0.13%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Tunkhannock were at 2.13%, which equates to an annual appreciation rate of 8.80%.

Importantly, this makes Tunkhannock one of the highest appreciating communities in the nation for the latest quarter, and may signal the borough's near-future real estate investment strength.

Relative to Pennsylvania, our data show that Tunkhannock's latest annual appreciation rate is lower than 80% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$170,786

Tunkhannock, PA HOME PRICES

Value Range
> $1,001,000 1.6
$750,001 - $1,001,000 0.0
$501,001 - $750,000 1.0
$400,001 - $501,000 4.5
$300,001 - $400,000 7.1
$200,001 - $300,000 25.3
$100,001 - $200,000 38.4
$50,001 - $100,000 12.5
$0 - $50,000 9.6

High for PA
Average for Nation

Value Relative to Nation Value Relative to State
41.3688034688855 32.1739130434783

Number Of Homes And Apartments:
833

Tunkhannock 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
43.09% 2.10% 5 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$846 / per month

Homeownership Rate

Homeownership
Owners 53.06
Renters 46.94
Vacant 6.61

Housing Market Details

 

Age of Homes

AGE OF Tunkhannock HOMES
2000 or Newer 0.0
1970 - 1999 20.2
1940 - 1969 17.4
1939 or Older 62.4

Types of Homes

TYPE OF Tunkhannock HOMES
Single-Family 58.4
Townhomes 2.1
Small Apt. Buildings 28.9
Apt. Complexes 10.5
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Tunkhannock HOMES
No Bedroom 4.71
1 Bedroom 14.13
2 Bedrooms 28.81
3 Bedrooms 27.69
4 Bedrooms 18.27
5 or more bedrooms 6.39

Popular Neighborhoods in Tunkhannock

Zip Codes in Tunkhannock, PA