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 1,399, 1,668 total housing units (homes and apartments), and a median house value of $97,563, house prices in Charleroi 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 Charleroi, accounting for 60.50% of the borough's housing units. Other types of housing that are prevalent in Charleroi include duplexes, homes converted to apartments or other small apartment buildings ( 20.37%), large apartment complexes or high rise apartments ( 16.14%), and a few row houses and other attached homes ( 2.99%).
People in Charleroi primarily live in small (one, two or no bedroom) single-family detached homes. Charleroi has a mixture of owner-occupied and renter-occupied housing.
The housing in Charleroi was primarily built before 1939 ( 58.34%), making the housing stock in Charleroi some of the oldest overall in America, although there is a range of ages of homes in Charleroi. The next most important housing age is between 1940-1969 ( 30.66%), followed by between 1970-1999 ( 9.38%). There's also some housing in Charleroi built between 2000 and later ( 1.62%).
Vacant housing appears to be an issue in Charleroi. Fully 30.79% of the housing stock is classified as vacant. Left unchecked, vacant Charleroi homes and apartments can be a drag on the real estate market, holding Charleroi 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.
Some of the lowest real estate appreciation rates in America over the last ten years have been in Charleroi, where house values have increased just 53.02%, which is annualized rate of 4.35%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Appreciation rates are so strong in Charleroi that despite a nationwide downturn in the housing market, Charleroi real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Charleroi appreciation rates continue to be some of the highest in America, at 11.60%, which is higher than appreciation rates in 70.05% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Charleroi. Charleroi appreciation rates in the latest quarter were at -0.45%, which equates to an annual appreciation rate of -1.79%.
Notably, Charleroi's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Pennsylvania, our data show that Charleroi's latest annual appreciation rate is higher than 70% of the other cities and towns in Pennsylvania.
$97,563
for Pennsylvania
for nation
1,668
$1,099 / per month