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 10,607, 4,397 total housing units (homes and apartments), and a median house value of $133,157, house prices in Nanticoke 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 Nanticoke, accounting for 55.62% of the city's housing units. Other types of housing that are prevalent in Nanticoke include row houses and other attached homes ( 19.79%), duplexes, homes converted to apartments or other small apartment buildings ( 16.22%), and a few large apartment complexes or high rise apartments ( 8.23%).
The most prevalent building size and type in Nanticoke are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.06% owning and 40.94% renting.
The housing in Nanticoke was primarily built before 1939 ( 45.33%), making the housing stock in Nanticoke some of the oldest overall in America, although there is a range of ages of homes in Nanticoke. The next most important housing age is between 1940-1969 ( 28.53%), followed by between 1970-1999 ( 23.15%). There's also some housing in Nanticoke built between 2000 and later ( 2.99%).
Vacant housing appears to be an issue in Nanticoke. Fully 14.60% of the housing stock is classified as vacant. Left unchecked, vacant Nanticoke homes and apartments can be a drag on the real estate market, holding Nanticoke 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 Nanticoke's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.98% during the period.
Appreciation rates are so strong in Nanticoke that despite a nationwide downturn in the housing market, Nanticoke real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Nanticoke appreciation rates continue to be some of the highest in America, at 12.41%, which is higher than appreciation rates in 94.46% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Nanticoke. Nanticoke appreciation rates in the latest quarter were at 6.05%, which equates to an annual appreciation rate of 26.51%.
Importantly, this makes Nanticoke one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Pennsylvania, our data show that Nanticoke's latest annual appreciation rate is higher than 90% of the other cities and towns in Pennsylvania.
$133,157
for Pennsylvania
for nation
4,397
$1,354 / per month