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 5,693, 1,735 total housing units (homes and apartments), and a median house value of $277,831, Selinsgrove real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Selinsgrove, accounting for 55.21% of the borough's housing units. Other types of housing that are prevalent in Selinsgrove include duplexes, homes converted to apartments or other small apartment buildings ( 21.43%), row houses and other attached homes ( 12.41%), and a few large apartment complexes or high rise apartments ( 10.43%).
Renters dominate Selinsgrove's housing market, and most live in three of four bedroom dwellings, chiefly found in single-family detached homes.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Selinsgrove's housing was primarily built during this period, from the '40s through the '60s. A full 49.69% of the borough's housing hails from this era. Other housing ages represented in Selinsgrove include homes built before 1939 ( 28.73%) and housing constructed between 1970-1999 ( 12.77%). There's also some housing in Selinsgrove built between 2000 and later ( 8.81%).
Selinsgrove's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Selinsgrove during the period has been just 4.82%, which is lower than 80% of US communities.
Appreciation rates are so strong in Selinsgrove that despite a nationwide downturn in the housing market, Selinsgrove real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Selinsgrove appreciation rates continue to be some of the highest in America, at 10.99%, which is higher than appreciation rates in 91.06% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Selinsgrove. Selinsgrove appreciation rates in the latest quarter were at 2.01%, which equates to an annual appreciation rate of 8.30%.
Relative to Pennsylvania, our data show that Selinsgrove's latest annual appreciation rate is higher than 90% of the other cities and towns in Pennsylvania.
$277,831
for Pennsylvania
for nation
1,735
$1,346 / per month