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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Steelton, PA Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Steelton, PA Housing Market Trends

With 6,246 people, 2,281 houses or apartments, and a median cost of homes of $162,791, house prices in Steelton are some of the most affordable in Pennsylvania as well as the nation.

Row houses and other attached homes are the single most common housing type in Steelton, accounting for 42.40% of the borough's housing units. Other types of housing that are prevalent in Steelton include single-family detached homes ( 36.95%), duplexes, homes converted to apartments or other small apartment buildings ( 13.13%), and a few large apartment complexes or high rise apartments ( 7.18%). Boroughs that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of boroughs are often walkable and compact, and often have a lively downtown.

The most prevalent building size and type in Steelton are three and four bedroom dwellings, chiefly found in row houses and other attached homes. The borough has a mixture of owners and renters, with 51.51% owning and 48.49% renting.

The housing in Steelton was primarily built before 1939 ( 48.68%), making the housing stock in Steelton some of the oldest overall in America, although there is a range of ages of homes in Steelton. The next most important housing age is between 1940-1969 ( 28.94%), followed by between 1970-1999 ( 21.02%). There's also some housing in Steelton built between 2000 and later ( 1.36%).

Steelton Home Appreciation Rates

Appreciation rates for homes in Steelton have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 97.65%, which ranks in the top 40% nationwide. This equates to an annual average Steelton house appreciation rate of 7.05%.

NeighborhoodScout's data show that during the latest twelve months, Steelton's appreciation rate, at 6.00%, has been at or slightly above the national average. In the latest quarter, Steelton's appreciation rate has been 4.20%, which annualizes to a rate of 17.87%.

Importantly, this makes Steelton 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 Steelton's latest annual appreciation rate is lower than 60% of the other cities and towns in Pennsylvania.

Average Home Values

Median Home Value

$162,791

Steelton, PA Home Prices
> $1,472,000
$1,104,001 - $1,472,000
$736,001 - $1,104,000
$589,001 - $736,000
$442,001 - $589,000
$294,001 - $442,000
$147,001 - $294,000
$74,001 - $147,000
$0 - $74,000
0.0%
0.0%
1.6%
1.6%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
4.0%
4.0%
50.1%
50.1%
32.8%
32.8%
11.5%
11.5%
0% 100.0%
% of Homes
Low

for Pennsylvania

Very Low

for nation

Number of Homes And Apartments:

2,281

Steelton Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,645 / per month

Homeownership Rate

Owners
Renters
51.5%
51.5%
48.5%
48.5%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
5.8%
5.8%
94.2%
94.2%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
1.4%
1.4%
21.0%
21.0%
28.9%
28.9%
48.7%
48.7%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
37.0%
37.0%
42.4%
42.4%
13.1%
13.1%
7.2%
7.2%
0.3%
0.3%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.7%
0.7%
7.2%
7.2%
25.7%
25.7%
44.8%
44.8%
14.9%
14.9%
6.7%
6.7%
0% 100.0%
% of Homes