York Springs, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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York Springs, PA Real Estate Data


York Springs Housing Market Information

With 838 people, 252 houses or apartments, and a median cost of homes of $194,642, York Springs real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in York Springs, accounting for 39.41% of the borough's housing units. Other types of housing that are prevalent in York Springs include duplexes, homes converted to apartments or other small apartment buildings ( 30.86%), row houses and other attached homes ( 19.70%), and a few large apartment complexes or high rise apartments ( 10.04%).

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

The housing in York Springs was primarily built before 1939 ( 46.47%), making the housing stock in York Springs some of the oldest overall in America, although there is a range of ages of homes in York Springs. The next most important housing age is between 1940-1969 ( 28.62%), followed by between 1970-1999 ( 20.07%). There's also some housing in York Springs built between 2000 and later ( 4.83%).

York Springs Home Appreciation Rates

York Springs's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in York Springs during the period has been just -0.80%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, York Springs's appreciation rate, at 5.47%, has been at or slightly above the national average. In the latest quarter, York Springs's appreciation rate has been -0.25%, which annualizes to a rate of -1.01%.

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

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

Average Home Values

 

Median Home Value:
$194,642

York Springs, PA HOME PRICES

Value Range
> $1,057,000 0.9
$793,001 - $1,057,000 2.3
$529,001 - $793,000 3.4
$422,001 - $529,000 1.9
$317,001 - $422,000 6.1
$211,001 - $317,000 28.0
$106,001 - $211,000 35.7
$53,001 - $106,000 8.3
$0 - $53,000 13.4

High for PA
High for Nation

Value Relative to Nation Value Relative to State
34.4732681384318 23.1884057971014

Number Of Homes And Apartments:
252

Rent & Ownership

 

Average Market Rent:
$863 / per month

Homeownership Rate

Homeownership
Owners 45.24
Renters 54.76
Vacant 6.32

Housing Market Details

 

Age of Homes

AGE OF York Springs HOMES
2000 or Newer 4.8
1970 - 1999 20.1
1940 - 1969 28.6
1939 or Older 46.5

Types of Homes

TYPE OF York Springs HOMES
Single-Family 39.4
Townhomes 19.7
Small Apt. Buildings 30.9
Apt. Complexes 10.0
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF York Springs HOMES
No Bedroom 3.72
1 Bedroom 8.55
2 Bedrooms 45.72
3 Bedrooms 31.23
4 Bedrooms 7.81
5 or more bedrooms 2.97

York Springs Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
46.52% 2.27% 5 6
* 10 is highest