menu
Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Charleroi, PA Real Estate Market

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 Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

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

Charleroi, PA Housing Market Trends

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.

Charleroi Home Appreciation Rates

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.

Average Home Values

Median Home Value

$98,242

Charleroi, PA Home Prices
> $1,748,000
$1,311,001 - $1,748,000
$874,001 - $1,311,000
$699,001 - $874,000
$525,001 - $699,000
$349,001 - $525,000
$175,001 - $349,000
$88,001 - $175,000
$0 - $88,000
0.0%
0.0%
0.0%
0.0%
0.2%
0.2%
0.3%
0.3%
0.0%
0.0%
2.5%
2.5%
19.2%
19.2%
43.7%
43.7%
34.0%
34.0%
0% 100.0%
% of Homes
Very Low

for Pennsylvania

Very Low

for nation

Number of Homes And Apartments:

1,668

Charleroi Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,141 / per month

Homeownership Rate

Owners
Renters
49.8%
49.8%
50.2%
50.2%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
30.8%
30.8%
69.2%
69.2%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
1.6%
1.6%
9.4%
9.4%
30.7%
30.7%
58.3%
58.3%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
60.5%
60.5%
3.0%
3.0%
20.4%
20.4%
16.1%
16.1%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.3%
1.3%
26.8%
26.8%
27.4%
27.4%
33.8%
33.8%
9.0%
9.0%
1.7%
1.7%
0% 100.0%
% of Homes