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 about Scout's Real Estate Data
With 298 people, 92 houses or apartments, and a median cost of homes of $360,942, Wellsville real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Wellsville, accounting for 68.37% of the borough's housing units. Other types of housing that are prevalent in Wellsville include row houses and other attached homes ( 20.41%), duplexes, homes converted to apartments or other small apartment buildings ( 8.16%), and a few large apartment complexes or high rise apartments ( 2.04%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Wellsville. Owner-occupied housing accounts for 73.91% of Wellsville's homes, and 70.41% have either three or four bedrooms, which is average sized relative to America.
The housing in Wellsville was primarily built before 1939 ( 54.08%), making the housing stock in Wellsville some of the oldest overall in America, although there is a range of ages of homes in Wellsville. The next most important housing age is between 1940-1969 ( 28.57%), followed by between 1970-1999 ( 9.18%). There's also some housing in Wellsville built between 2000 and later ( 8.16%).
Real estate appreciation rates in Wellsville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.67% during the period.
Appreciation rates are so strong in Wellsville that despite a nationwide downturn in the housing market, Wellsville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Wellsville appreciation rates continue to be some of the highest in America, at 7.27%, which is higher than appreciation rates in 76.58% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Wellsville. Wellsville appreciation rates in the latest quarter were at 1.61%, which equates to an annual appreciation rate of 6.58%.
Relative to Pennsylvania, our data show that Wellsville's latest annual appreciation rate is higher than 70% of the other cities and towns in Pennsylvania.
$360,942
for Pennsylvania
for nation
92
$1,318 / per month