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 1,399, 1,668 total housing units (homes and apartments), and a median house value of $98,242, house prices in Charleroi 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 Charleroi, accounting for 60.50% of the borough's housing units. Other types of housing that are prevalent in Charleroi include duplexes, homes converted to apartments or other small apartment buildings ( 20.37%), large apartment complexes or high rise apartments ( 16.14%), and a few row houses and other attached homes ( 2.99%).
People in Charleroi primarily live in small (one, two or no bedroom) single-family detached homes. Charleroi has a mixture of owner-occupied and renter-occupied housing.
The housing in Charleroi was primarily built before 1939 ( 58.34%), making the housing stock in Charleroi some of the oldest overall in America, although there is a range of ages of homes in Charleroi. The next most important housing age is between 1940-1969 ( 30.66%), followed by between 1970-1999 ( 9.38%). There's also some housing in Charleroi built between 2000 and later ( 1.62%).
Vacant housing appears to be an issue in Charleroi. Fully 30.79% of the housing stock is classified as vacant. Left unchecked, vacant Charleroi homes and apartments can be a drag on the real estate market, holding Charleroi 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 Charleroi, where house values have increased just 45.12%, which is annualized rate of 3.79%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Over the last year, Charleroi appreciation rates have trailed the rest of the nation. In the last twelve months, Charleroi's appreciation rate has been 2.45%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Charleroi were at 1.11%, which equates to an annual appreciation rate of 4.51%.
Relative to Pennsylvania, our data show that Charleroi's latest annual appreciation rate is lower than 80% of the other cities and towns in Pennsylvania.
$98,242
for Pennsylvania
for nation
1,668
$1,141 / per month