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 422, 193 total housing units (homes and apartments), and a median house value of $132,732, house prices in Tionesta 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 Tionesta, accounting for 74.14% of the borough's housing units. Other types of housing that are prevalent in Tionesta include large apartment complexes or high rise apartments ( 23.57%), mobile homes or trailers ( 2.28%).
Dwellings in Tionesta tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 52.09% of the homes in Tionesta have two or fewer bedrooms.
The housing in Tionesta was primarily built before 1939 ( 56.65%), making the housing stock in Tionesta some of the oldest overall in America, although there is a range of ages of homes in Tionesta. The next most important housing age is between 1970-1999 ( 25.48%), followed by between 1940-1969 ( 9.51%). There's also some housing in Tionesta built between 2000 and later ( 8.37%).
Vacant housing appears to be an issue in Tionesta. Fully 26.62% of the housing stock is classified as vacant. Left unchecked, vacant Tionesta homes and apartments can be a drag on the real estate market, holding Tionesta 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.
Tionesta's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Tionesta during the period has been just 5.06%, which is lower than 80% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Tionesta's appreciation rate, at 6.42%, has been at or slightly above the national average. In the latest quarter, Tionesta's appreciation rate has been 2.01%, which annualizes to a rate of 8.30%.
Relative to Pennsylvania, our data show that Tionesta's latest annual appreciation rate is lower than 50% of the other cities and towns in Pennsylvania.
$132,732
for Pennsylvania
for nation
193
$722 / per month