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 13,176 people, 6,177 houses or apartments, and a median cost of homes of $119,201, house prices in Butler are some of the most affordable in Pennsylvania as well as the nation.
Single-family detached homes are the single most common housing type in Butler, accounting for 51.98% of the city's housing units. Other types of housing that are prevalent in Butler include duplexes, homes converted to apartments or other small apartment buildings ( 24.20%), large apartment complexes or high rise apartments ( 18.55%), and a few row houses and other attached homes ( 4.78%).
People in Butler primarily live in small (one, two or no bedroom) single-family detached homes. Butler has a mixture of owner-occupied and renter-occupied housing.
The housing in Butler was primarily built before 1939 ( 52.65%), making the housing stock in Butler some of the oldest overall in America, although there is a range of ages of homes in Butler. The next most important housing age is between 1940-1969 ( 32.55%), followed by between 1970-1999 ( 12.74%). There's also some housing in Butler built between 2000 and later ( 2.07%).
Vacant housing appears to be an issue in Butler. Fully 14.37% of the housing stock is classified as vacant. Left unchecked, vacant Butler homes and apartments can be a drag on the real estate market, holding Butler 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.
Some of the lowest real estate appreciation rates in America over the last ten years have been in Butler, where house values have increased just 40.32%, which is annualized rate of 3.45%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Over the last year, Butler appreciation rates have trailed the rest of the nation. In the last twelve months, Butler's appreciation rate has been 2.20%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Butler were at 1.11%, which equates to an annual appreciation rate of 4.51%.
Relative to Pennsylvania, our data show that Butler's latest annual appreciation rate is lower than 80% 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 Butler differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Butler - 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 Butler real estate investment or home purchase decisions.
$119,201
for Pennsylvania
for nation
6,177
$1,183 / per month