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 5,429, 2,382 total housing units (homes and apartments), and a median house value of $217,769, house prices in Sayre are solidly below the national average.
Single-family detached homes are the single most common housing type in Sayre, accounting for 68.55% of the borough's housing units. Other types of housing that are prevalent in Sayre include duplexes, homes converted to apartments or other small apartment buildings ( 18.94%), large apartment complexes or high rise apartments ( 10.18%), and a few row houses and other attached homes ( 2.32%).
The most prevalent building size and type in Sayre are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 53.36% owning and 46.64% renting.
The housing in Sayre was primarily built before 1939 ( 58.37%), making the housing stock in Sayre some of the oldest overall in America, although there is a range of ages of homes in Sayre. The next most important housing age is between 1940-1969 ( 24.60%), followed by between 1970-1999 ( 16.36%).
Vacant housing appears to be an issue in Sayre. Fully 10.82% of the housing stock is classified as vacant. Left unchecked, vacant Sayre homes and apartments can be a drag on the real estate market, holding Sayre 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 Sayre's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.16% during the period.
NeighborhoodScout's data show that during the latest twelve months, Sayre's appreciation rate, at 7.16%, has been at or slightly above the national average. In the latest quarter, Sayre's appreciation rate has been 2.01%, which annualizes to a rate of 8.30%.
Relative to Pennsylvania, our data show that Sayre's latest annual appreciation rate is higher than 50% of the other cities and towns in Pennsylvania.
$217,769
for Pennsylvania
for nation
2,382
$1,294 / per month