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 44,845 people, 17,751 houses or apartments, and a median cost of homes of $132,513, house prices in York are some of the most affordable in Pennsylvania as well as the nation.
Row houses and other attached homes are the single most common housing type in York, accounting for 40.89% of the city's housing units. Other types of housing that are prevalent in York include single-family detached homes ( 21.83%), duplexes, homes converted to apartments or other small apartment buildings ( 18.84%), and a few large apartment complexes or high rise apartments ( 18.08%). This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which often have a lively downtown.
People in York primarily live in small (one, two or no bedroom) row houses and other attached homes. York has a mixture of owner-occupied and renter-occupied housing.
The housing in York was primarily built before 1939 ( 52.72%), making the housing stock in York some of the oldest overall in America, although there is a range of ages of homes in York. The next most important housing age is between 1940-1969 ( 30.16%), followed by between 1970-1999 ( 14.58%). There's also some housing in York built between 2000 and later ( 2.55%).
Real estate appreciation rates in York's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.79% during the period.
Appreciation rates are so strong in York that despite a nationwide downturn in the housing market, York real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, York appreciation rates continue to be some of the highest in America, at 7.27%, which is higher than appreciation rates in 76.54% 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. York appreciation rates in the latest quarter were at 1.61%, which equates to an annual appreciation rate of 6.58%.
Relative to Pennsylvania, our data show that York's latest annual appreciation rate is higher than 70% of the other cities and towns in Pennsylvania.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within York differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in York - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best York real estate investment or home purchase decisions.
$132,513
for Pennsylvania
for nation
17,751
$1,600 / per month