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 8,558, 2,303 total housing units (homes and apartments), and a median house value of $340,073, Gettysburg real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Gettysburg, accounting for 43.79% of the borough's housing units. Other types of housing that are prevalent in Gettysburg include duplexes, homes converted to apartments or other small apartment buildings ( 22.52%), large apartment complexes or high rise apartments ( 19.81%), and a few row houses and other attached homes ( 13.88%).
Gettysburg is dominated by renter-occupied one, two, or no bedrooms apartments. 72.54% of Gettysburg's dwellings are rentals.
The housing in Gettysburg was primarily built before 1939 ( 50.71%), making the housing stock in Gettysburg some of the oldest overall in America, although there is a range of ages of homes in Gettysburg. The next most important housing age is between 1940-1969 ( 32.12%), followed by between 1970-1999 ( 13.73%). There's also some housing in Gettysburg built between 2000 and later ( 3.44%).
Vacant housing appears to be an issue in Gettysburg. Fully 11.93% of the housing stock is classified as vacant. Left unchecked, vacant Gettysburg homes and apartments can be a drag on the real estate market, holding Gettysburg 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.
Real estate appreciation rates in Gettysburg's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.80% during the period.
Appreciation rates are so strong in Gettysburg that despite a nationwide downturn in the housing market, Gettysburg real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Gettysburg appreciation rates continue to be some of the highest in America, at 10.80%, which is higher than appreciation rates in 90.45% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Gettysburg. Gettysburg appreciation rates in the latest quarter were at 1.47%, which equates to an annual appreciation rate of 6.00%.
Relative to Pennsylvania, our data show that Gettysburg's latest annual appreciation rate is higher 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 borough. Individual neighborhoods within Gettysburg differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Gettysburg - 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 Gettysburg real estate investment or home purchase decisions.
$340,073
for Pennsylvania
for nation
2,303
$1,506 / per month