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 766 people, 307 houses or apartments, and a median cost of homes of $182,255, house prices in Saltsburg are solidly below the national average.
Single-family detached homes are the single most common housing type in Saltsburg, accounting for 74.12% of the borough's housing units. Other types of housing that are prevalent in Saltsburg include large apartment complexes or high rise apartments ( 11.05%), duplexes, homes converted to apartments or other small apartment buildings ( 10.24%), and a few row houses and other attached homes ( 3.23%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Saltsburg. Owner-occupied housing accounts for 70.36% of Saltsburg's homes, and 58.76% have either three or four bedrooms, which is average sized relative to America.
The housing in Saltsburg was primarily built before 1939 ( 49.60%), making the housing stock in Saltsburg some of the oldest overall in America, although there is a range of ages of homes in Saltsburg. The next most important housing age is between 1940-1969 ( 35.31%), followed by between 1970-1999 ( 11.86%). There's also some housing in Saltsburg built between 2000 and later ( 3.23%).
Vacant housing appears to be an issue in Saltsburg. Fully 17.25% of the housing stock is classified as vacant. Left unchecked, vacant Saltsburg homes and apartments can be a drag on the real estate market, holding Saltsburg 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.
Saltsburg's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Saltsburg during the period has been just 5.38%, which is lower than 70% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Saltsburg's appreciation rate, at 6.82%, has been at or slightly above the national average. In the latest quarter, Saltsburg's appreciation rate has been 2.01%, which annualizes to a rate of 8.30%.
Relative to Pennsylvania, our data show that Saltsburg's latest annual appreciation rate is lower than 50% of the other cities and towns in Pennsylvania.
$182,255
for Pennsylvania
for nation
307
$1,170 / per month