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 5,767 people, 2,885 houses or apartments, and a median cost of homes of $115,084, house prices in McKees Rocks 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 McKees Rocks, accounting for 55.29% of the borough's housing units. Other types of housing that are prevalent in McKees Rocks include large apartment complexes or high rise apartments ( 18.30%), row houses and other attached homes ( 14.54%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 10.57%).
People in McKees Rocks primarily live in small (one, two or no bedroom) single-family detached homes. McKees Rocks has a mixture of owner-occupied and renter-occupied housing.
The housing in McKees Rocks was primarily built before 1939 ( 46.31%), making the housing stock in McKees Rocks some of the oldest overall in America, although there is a range of ages of homes in McKees Rocks. The next most important housing age is between 1940-1969 ( 41.16%), followed by between 1970-1999 ( 9.03%). There's also some housing in McKees Rocks built between 2000 and later ( 3.49%).
Vacant housing appears to be an issue in McKees Rocks. Fully 14.57% of the housing stock is classified as vacant. Left unchecked, vacant McKees Rocks homes and apartments can be a drag on the real estate market, holding McKees Rocks 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 McKees Rocks, where house values have increased just 49.78%, which is annualized rate of 4.12%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Over the last year, McKees Rocks appreciation rates have trailed the rest of the nation. In the last twelve months, McKees Rocks's appreciation rate has been -1.09%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in McKees Rocks were at 1.11%, which equates to an annual appreciation rate of 4.51%.
Relative to Pennsylvania, our data show that McKees Rocks'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 borough. Individual neighborhoods within McKees Rocks differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in McKees Rocks - 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 McKees Rocks real estate investment or home purchase decisions.
$115,084
for Pennsylvania
for nation
2,885
$1,164 / per month