York PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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York, 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 Q3 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

York Housing Market Information

With 43,932 people, 16,442 houses or apartments, and a median cost of homes of $78,456, house prices in York are some of the most affordable in Pennsylvania as well as the nation.

Row houses and other attached homes are the single most common housing type in York, accounting for 42.15% of the city's housing units. Other types of housing that are prevalent in York include duplexes, homes converted to apartments or other small apartment buildings ( 24.26%), single-family detached homes ( 19.48%), and a few large apartment complexes or high rise apartments ( 13.72%). Cities with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact cities that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

People in York primarily live in small (one, two or no bedroom) row houses and other attached homes. York has a mixture of owner-occupied and renter-occupied housing.

The housing in York was primarily built before 1939 ( 55.84%), making the housing stock in York some of the oldest overall in America, although there is a range of ages of homes in York. The next most important housing age is between 1940-1969 ( 31.22%), followed by between 1970-1999 ( 10.93%). There's also some housing in York built between 2000 and later ( 2.01%).

Vacant housing appears to be an issue in York. Fully 14.35% of the housing stock is classified as vacant. Left unchecked, vacant York homes and apartments can be a drag on the real estate market, holding York 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.

York Home Appreciation Rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in York, where house values have increased just 1.20%, which is annualized rate of 0.12%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

NeighborhoodScout's data show that during the latest twelve months, York's appreciation rate, at 4.50%, has been at or slightly above the national average. In the latest quarter, York's appreciation rate has been 0.86%, which annualizes to a rate of 3.49%.

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

Relative to Pennsylvania, our data show that York's latest annual appreciation rate is higher than 50% of the other cities and towns in Pennsylvania.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within York differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in York - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best York real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$78,456

York, PA HOME PRICES

Value Range
> $1,133,000 0.0
$850,001 - $1,133,000 0.0
$567,001 - $850,000 0.0
$453,001 - $567,000 0.6
$340,001 - $453,000 1.0
$227,001 - $340,000 3.8
$113,001 - $227,000 16.4
$57,001 - $113,000 56.8
$0 - $57,000 21.4

Very Low for PA
Very Low for Nation

Value Relative to Nation Value Relative to State
95.1649635036496 93.4362934362934

Number Of Homes And Apartments:
16,442

York Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
Since 2000:
2000 Q1 - 2020 Q3
39.10% 1.60%
2
2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,015 / per month

Homeownership Rate

Homeownership
Owners 36.90
Renters 63.10
Vacant 14.35

Housing Market Details

 

Age of Homes

AGE OF York HOMES
2000 or Newer 2.0
1970 - 1999 10.9
1940 - 1969 31.2
1939 or Older 55.8

Types of Homes

TYPE OF York HOMES
Single-Family 19.5
Townhomes 42.2
Small Apt. Buildings 24.3
Apt. Complexes 13.7
Mobile Homes 0.4
Other 0.0

Home Size

SIZE OF York HOMES
No Bedroom 5.21
1 Bedroom 17.74
2 Bedrooms 21.94
3 Bedrooms 33.06
4 Bedrooms 10.87
5 or more bedrooms 11.17