Tyrone, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Tyrone Neighborhoods Since 2000




Tyrone, 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

Tyrone Housing Market Information

With a population of 5,353, 2,197 total housing units (homes and apartments), and a median house value of $98,442, house prices in Tyrone are solidly below the national average.

Single-family detached homes are the single most common housing type in Tyrone, accounting for 59.98% of the borough's housing units. Other types of housing that are prevalent in Tyrone include large apartment complexes or high rise apartments ( 13.54%), duplexes, homes converted to apartments or other small apartment buildings ( 12.50%), and a few row houses and other attached homes ( 10.76%).

The most prevalent building size and type in Tyrone are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 60.04% owning and 39.96% renting.

The housing in Tyrone was primarily built before 1939 ( 45.27%), making the housing stock in Tyrone some of the oldest overall in America, although there is a range of ages of homes in Tyrone. The next most important housing age is between 1940-1969 ( 34.85%), followed by between 1970-1999 ( 17.01%). There's also some housing in Tyrone built between 2000 and later ( 2.86%).

Tyrone Home Appreciation Rates

Appreciation rates for homes in Tyrone have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 3.09%, which ranks in the top 50% nationwide. This equates to an annual average Tyrone house appreciation rate of 0.30%.

NeighborhoodScout's data show that during the latest twelve months, Tyrone's appreciation rate, at 3.34%, has been at or slightly above the national average. In the latest quarter, Tyrone's appreciation rate has been 1.07%, which annualizes to a rate of 4.36%.

Relative to Pennsylvania, our data show that Tyrone's latest annual appreciation rate is higher than 60% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$98,442

Tyrone, PA HOME PRICES

Value Range
> $1,051,000 0.7
$788,001 - $1,051,000 0.0
$525,001 - $788,000 0.0
$421,001 - $525,000 0.0
$315,001 - $421,000 1.8
$210,001 - $315,000 4.6
$105,001 - $210,000 31.4
$53,001 - $105,000 51.4
$0 - $53,000 10.1

Low for PA
Low for Nation

Value Relative to Nation Value Relative to State
78.6476034220087 77.7777777777778

Number Of Homes And Apartments:
2,197

Tyrone 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
31.78% 1.61% 3 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$656 / per month

Homeownership Rate

Homeownership
Owners 60.04
Renters 39.96
Vacant 4.64

Housing Market Details

 

Age of Homes

AGE OF Tyrone HOMES
2000 or Newer 2.9
1970 - 1999 17.0
1940 - 1969 34.9
1939 or Older 45.3

Types of Homes

TYPE OF Tyrone HOMES
Single-Family 60.0
Townhomes 10.8
Small Apt. Buildings 12.5
Apt. Complexes 13.5
Mobile Homes 3.2
Other 0.0

Home Size

SIZE OF Tyrone HOMES
No Bedroom 1.48
1 Bedroom 14.24
2 Bedrooms 21.44
3 Bedrooms 42.36
4 Bedrooms 16.67
5 or more bedrooms 3.82