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 629 people, 275 houses or apartments, and a median cost of homes of $276,805, Shickshinny 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 Shickshinny, accounting for 67.25% of the borough's housing units. Other types of housing that are prevalent in Shickshinny include duplexes, homes converted to apartments or other small apartment buildings ( 16.08%), large apartment complexes or high rise apartments ( 10.53%), and a few row houses and other attached homes ( 5.56%).
The most prevalent building size and type in Shickshinny are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 61.09% owning and 38.91% renting.
The housing in Shickshinny was primarily built before 1939 ( 45.03%), making the housing stock in Shickshinny some of the oldest overall in America, although there is a range of ages of homes in Shickshinny. The next most important housing age is between 1940-1969 ( 32.46%), followed by between 1970-1999 ( 20.18%). There's also some housing in Shickshinny built between 2000 and later ( 2.34%).
Vacant housing appears to be an issue in Shickshinny. Fully 19.59% of the housing stock is classified as vacant. Left unchecked, vacant Shickshinny homes and apartments can be a drag on the real estate market, holding Shickshinny 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.
Appreciation rates for homes in Shickshinny have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 96.28%, which ranks in the top 40% nationwide. This equates to an annual average Shickshinny house appreciation rate of 6.98%.
Appreciation rates are so strong in Shickshinny that despite a nationwide downturn in the housing market, Shickshinny real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Shickshinny appreciation rates continue to be some of the highest in America, at 9.93%, which is higher than appreciation rates in 87.00% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Shickshinny. Shickshinny appreciation rates in the latest quarter were at 6.05%, which equates to an annual appreciation rate of 26.50%.
Importantly, this makes Shickshinny one of the highest appreciating communities in the nation for the latest quarter, and may signal the borough's near-future real estate investment strength.
Relative to Pennsylvania, our data show that Shickshinny's latest annual appreciation rate is higher than 80% of the other cities and towns in Pennsylvania.
$276,805
for Pennsylvania
for nation
275
$1,269 / per month