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
With a population of 43,992, 16,263 total housing units (homes and apartments), and a median house value of $72,804, 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 43.10% 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 ( 24.33%), single-family detached homes ( 18.75%), and a few large apartment complexes or high rise apartments ( 13.57%). Cities that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of cities are often walkable and compact, and often have a lively downtown.
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 ( 52.79%), 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 ( 34.27%), followed by between 1970-1999 ( 11.71%). There's also some housing in York built between 2000 and later ( 1.23%).
Vacant housing appears to be an issue in York. Fully 14.67% 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's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in York during the period has been just -1.66%, which is lower than 80% of US communities.
Over the last year, York appreciation rates have trailed the rest of the nation. In the last twelve months, York's appreciation rate has been 2.61%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in York were at 2.73%, which equates to an annual appreciation rate of 11.40%.
Importantly, this makes York one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
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.
|$763,001 - $1,017,000||0.1|
|$509,001 - $763,000||0.0|
|$407,001 - $509,000||0.5|
|$305,001 - $407,000||1.0|
|$203,001 - $305,000||2.8|
|$102,001 - $203,000||20.0|
|$51,001 - $102,000||54.8|
|$0 - $51,000||20.7|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF York HOMES|
|2000 or Newer||1.2|
|1970 - 1999||11.7|
|1940 - 1969||34.3|
|1939 or Older||52.8|
|TYPE OF York HOMES|
|Small Apt. Buildings||24.3|
|SIZE OF York HOMES|
|5 or more bedrooms||10.63|