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 883, 402 total housing units (homes and apartments), and a median house value of $238,285, house prices in McClure are solidly below the national average.
Single-family detached homes are the single most common housing type in McClure, accounting for 83.45% of the borough's housing units. Other types of housing that are prevalent in McClure include duplexes, homes converted to apartments or other small apartment buildings ( 8.95%), mobile homes or trailers ( 4.47%), and a few row houses and other attached homes ( 2.68%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in McClure. Owner-occupied housing accounts for 79.85% of McClure's homes, and 67.56% have either three or four bedrooms, which is average sized relative to America.
The housing in McClure was primarily built before 1939 ( 39.60%), making the housing stock in McClure some of the oldest overall in America, although there is a range of ages of homes in McClure. The next most important housing age is between 1940-1969 ( 38.03%), followed by between 1970-1999 ( 16.78%). There's also some housing in McClure built between 2000 and later ( 5.59%).
Vacant housing appears to be an issue in McClure. Fully 10.07% of the housing stock is classified as vacant. Left unchecked, vacant McClure homes and apartments can be a drag on the real estate market, holding McClure 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.
Appreciation rates for homes in McClure have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 92.48%, which ranks in the top 50% nationwide. This equates to an annual average McClure house appreciation rate of 6.77%.
Appreciation rates are so strong in McClure that despite a nationwide downturn in the housing market, McClure real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, McClure appreciation rates continue to be some of the highest in America, at 6.88%, which is higher than appreciation rates in 86.94% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in McClure. McClure appreciation rates in the latest quarter were at 2.50%, which equates to an annual appreciation rate of 10.39%.
Relative to Pennsylvania, our data show that McClure's latest annual appreciation rate is higher than 80% of the other cities and towns in Pennsylvania.
$238,285
for Pennsylvania
for nation
402
$1,193 / per month