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 6,823 people, 3,293 houses or apartments, and a median cost of homes of $102,934, house prices in Connellsville 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 Connellsville, accounting for 68.64% of the city's housing units. Other types of housing that are prevalent in Connellsville include duplexes, homes converted to apartments or other small apartment buildings ( 13.54%), large apartment complexes or high rise apartments ( 12.40%), and a few row houses and other attached homes ( 4.94%).
The most prevalent building size and type in Connellsville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 58.63% owning and 41.37% renting.
The housing in Connellsville was primarily built before 1939 ( 52.11%), making the housing stock in Connellsville some of the oldest overall in America, although there is a range of ages of homes in Connellsville. The next most important housing age is between 1940-1969 ( 29.43%), followed by between 1970-1999 ( 17.01%). There's also some housing in Connellsville built between 2000 and later ( 1.45%).
Connellsville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Connellsville during the period has been just 4.55%, which is lower than 80% of US communities.
Over the last year, Connellsville appreciation rates have trailed the rest of the nation. In the last twelve months, Connellsville's appreciation rate has been 0.10%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Connellsville were at 1.11%, which equates to an annual appreciation rate of 4.51%.
Relative to Pennsylvania, our data show that Connellsville's latest annual appreciation rate is lower than 90% 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 Connellsville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Connellsville - 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 Connellsville real estate investment or home purchase decisions.
$102,934
for Pennsylvania
for nation
3,293
$877 / per month