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 5,949 people, 2,178 houses or apartments, and a median cost of homes of $322,067, Greentown real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Greentown, accounting for 85.50% of the town's housing units. Other types of housing that are prevalent in Greentown include mobile homes or trailers ( 11.13%), duplexes, homes converted to apartments or other small apartment buildings ( 1.94%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Greentown. Owner-occupied housing accounts for 85.30% of Greentown's homes, and 67.16% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Greentown built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Greentown built between 1940-1969 ( 21.88%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.86%). There's also some housing in Greentown built before 1939 ( 8.56%).
A decent proportion of the Greentown housing stock is seasonally occupied. That is, homes and condos in Greentown are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Greentown housing market speaks to its popularity as a vacation location of choice.
Greentown's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Greentown during the period has been just 5.25%, which is lower than 70% of US communities.
Appreciation rates are so strong in Greentown that despite a nationwide downturn in the housing market, Greentown real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Greentown appreciation rates continue to be some of the highest in America, at 9.25%, which is higher than appreciation rates in 82.56% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Greentown. Greentown appreciation rates in the latest quarter were at 2.82%, which equates to an annual appreciation rate of 11.77%.
Relative to Pennsylvania, our data show that Greentown's latest annual appreciation rate is higher than 80% of the other cities and towns in Pennsylvania.
$322,067
for Pennsylvania
for nation
2,178
$2,314 / per month