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 7,614 people, 3,399 houses or apartments, and a median cost of homes of $164,761, house prices in Pittston are solidly below the national average.
Single-family detached homes are the single most common housing type in Pittston, accounting for 47.24% of the city's housing units. Other types of housing that are prevalent in Pittston include duplexes, homes converted to apartments or other small apartment buildings ( 19.10%), row houses and other attached homes ( 16.71%), and a few large apartment complexes or high rise apartments ( 16.57%).
The most prevalent building size and type in Pittston are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 48.69% owning and 51.31% renting.
The housing in Pittston was primarily built before 1939 ( 45.72%), making the housing stock in Pittston some of the oldest overall in America, although there is a range of ages of homes in Pittston. The next most important housing age is between 1940-1969 ( 25.26%), followed by between 1970-1999 ( 21.58%). There's also some housing in Pittston built between 2000 and later ( 7.43%).
Pittston's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Pittston during the period has been just 5.29%, which is lower than 70% of US communities.
Appreciation rates are so strong in Pittston that despite a nationwide downturn in the housing market, Pittston real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Pittston appreciation rates continue to be some of the highest in America, at 17.86%, which is higher than appreciation rates in 98.82% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Pittston. Pittston appreciation rates in the latest quarter were at 6.05%, which equates to an annual appreciation rate of 26.51%.
Importantly, this makes Pittston 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 Pittston'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 city. Individual neighborhoods within Pittston differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Pittston - 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 Pittston real estate investment or home purchase decisions.
$164,761
for Pennsylvania
for nation
3,399
$1,105 / per month