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 689, 242 total housing units (homes and apartments), and a median house value of $280,734, York Springs 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 York Springs, accounting for 49.82% of the borough's housing units. Other types of housing that are prevalent in York Springs include duplexes, homes converted to apartments or other small apartment buildings ( 19.64%), row houses and other attached homes ( 13.09%), and a few large apartment complexes or high rise apartments ( 10.91%).
The most prevalent building size and type in York Springs are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 45.38% owning and 54.62% renting.
The housing in York Springs was primarily built before 1939 ( 43.27%), making the housing stock in York Springs some of the oldest overall in America, although there is a range of ages of homes in York Springs. The next most important housing age is between 1970-1999 ( 32.00%), followed by between 1940-1969 ( 20.00%). There's also some housing in York Springs built between 2000 and later ( 4.73%).
Vacant housing appears to be an issue in York Springs. Fully 12.00% of the housing stock is classified as vacant. Left unchecked, vacant York Springs homes and apartments can be a drag on the real estate market, holding York Springs 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.
Real estate appreciation rates in York Springs's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.11% during the period.
Appreciation rates are so strong in York Springs that despite a nationwide downturn in the housing market, York Springs real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, York Springs appreciation rates continue to be some of the highest in America, at 10.80%, which is higher than appreciation rates in 90.43% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in York Springs. York Springs appreciation rates in the latest quarter were at 1.47%, which equates to an annual appreciation rate of 6.00%.
Relative to Pennsylvania, our data show that York Springs's latest annual appreciation rate is higher than 90% of the other cities and towns in Pennsylvania.
$280,734
for Pennsylvania
for nation
242
$1,525 / per month