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 1,968, 940 total housing units (homes and apartments), and a median house value of $271,699, Shavertown 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 Shavertown, accounting for 78.54% of the town's housing units. Other types of housing that are prevalent in Shavertown include duplexes, homes converted to apartments or other small apartment buildings ( 17.67%), row houses and other attached homes ( 3.79%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Shavertown. Owner-occupied housing accounts for 82.23% of Shavertown's homes, and 69.03% have either three or four bedrooms, which is average sized relative to America.
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. Shavertown's housing was primarily built during this period, from the '40s through the '60s. A full 48.84% of the town's housing hails from this era. Other housing ages represented in Shavertown include homes built between 1970-1999 ( 26.50%) and housing constructed before 1939 ( 19.71%). There's also some housing in Shavertown built between 2000 and later ( 4.95%).
Shavertown's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Shavertown during the period has been just 4.77%, which is lower than 80% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Shavertown's appreciation rate, at 6.46%, has been at or slightly above the national average. In the latest quarter, Shavertown's appreciation rate has been 6.05%, which annualizes to a rate of 26.51%.
Importantly, this makes Shavertown one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Pennsylvania, our data show that Shavertown's latest annual appreciation rate is lower than 50% of the other cities and towns in Pennsylvania.
$271,699
for Pennsylvania
for nation
940
$1,753 / per month