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 5,235, 2,114 total housing units (homes and apartments), and a median house value of $124,226, house prices in Susquehanna are some of the most affordable in Pennsylvania as well as the nation.
Single-family detached homes are the single most common housing type in Susquehanna, accounting for 75.61% of the town's housing units. Other types of housing that are prevalent in Susquehanna include mobile homes or trailers ( 11.71%), duplexes, homes converted to apartments or other small apartment buildings ( 8.09%), and a few large apartment complexes or high rise apartments ( 4.44%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Susquehanna. Owner-occupied housing accounts for 74.73% of Susquehanna's homes, and 58.75% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Susquehanna built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Susquehanna built before 1939 ( 37.67%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.04%). There's also some housing in Susquehanna built between 1940-1969 ( 11.86%).
Vacant housing appears to be an issue in Susquehanna. Fully 26.95% of the housing stock is classified as vacant. Left unchecked, vacant Susquehanna homes and apartments can be a drag on the real estate market, holding Susquehanna 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.
Susquehanna's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Susquehanna during the period has been just 4.87%, which is lower than 80% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Susquehanna's appreciation rate, at 6.53%, has been at or slightly above the national average. In the latest quarter, Susquehanna's appreciation rate has been 2.01%, which annualizes to a rate of 8.30%.
Relative to Pennsylvania, our data show that Susquehanna's latest annual appreciation rate is lower than 50% of the other cities and towns in Pennsylvania.
$124,226
for Pennsylvania
for nation
2,114
$1,155 / per month