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 4,189 people, 1,919 houses or apartments, and a median cost of homes of $177,070, house prices in Sharpsville are solidly below the national average.
Single-family detached homes are the single most common housing type in Sharpsville, accounting for 72.57% of the borough's housing units. Other types of housing that are prevalent in Sharpsville include large apartment complexes or high rise apartments ( 21.07%), duplexes, homes converted to apartments or other small apartment buildings ( 2.96%), and a few mobile homes or trailers ( 1.92%).
The most prevalent building size and type in Sharpsville are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 64.80% owning and 35.20% renting.
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. Sharpsville's housing was primarily built during this period, from the '40s through the '60s. A full 45.39% of the borough's housing hails from this era. Other housing ages represented in Sharpsville include homes built before 1939 ( 30.83%) and housing constructed between 1970-1999 ( 21.86%). There's also some housing in Sharpsville built between 2000 and later ( 1.92%).
Some of the lowest real estate appreciation rates in America over the last ten years have been in Sharpsville, where house values have increased just 50.82%, which is annualized rate of 4.19%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Over the last year, Sharpsville appreciation rates have trailed the rest of the nation. In the last twelve months, Sharpsville's appreciation rate has been 5.21%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Sharpsville were at 2.48%, which equates to an annual appreciation rate of 10.29%.
Relative to Pennsylvania, our data show that Sharpsville's latest annual appreciation rate is lower than 60% of the other cities and towns in Pennsylvania.
$177,070
for Pennsylvania
for nation
1,919
$1,618 / per month