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 a population of 9,652, 4,266 total housing units (homes and apartments), and a median house value of $283,024, Canonsburg real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Canonsburg, accounting for 63.00% of the borough's housing units. Other types of housing that are prevalent in Canonsburg include large apartment complexes or high rise apartments ( 17.07%), duplexes, homes converted to apartments or other small apartment buildings ( 14.63%), and a few row houses and other attached homes ( 4.86%).
People in Canonsburg primarily live in small (one, two or no bedroom) single-family detached homes. Canonsburg has a mixture of owner-occupied and renter-occupied housing.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Canonsburg's housing was primarily built during this period, from the '40s through the '60s. A full 33.52% of the borough's housing hails from this era. Other housing ages represented in Canonsburg include homes built before 1939 ( 31.54%) and housing constructed between 1970-1999 ( 20.55%). There's also some housing in Canonsburg built between 2000 and later ( 14.39%).
Some of the lowest real estate appreciation rates in America over the last ten years have been in Canonsburg, where house values have increased just 52.66%, which is annualized rate of 4.32%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Over the last year, Canonsburg appreciation rates have trailed the rest of the nation. In the last twelve months, Canonsburg's appreciation rate has been 3.02%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Canonsburg were at 1.11%, which equates to an annual appreciation rate of 4.51%.
Relative to Pennsylvania, our data show that Canonsburg'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 borough. Individual neighborhoods within Canonsburg differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Canonsburg - 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 Canonsburg real estate investment or home purchase decisions.
$283,024
for Pennsylvania
for nation
4,266
$1,333 / per month