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 6,246, 2,281 total housing units (homes and apartments), and a median house value of $162,791, house prices in Steelton 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 Steelton, accounting for 42.40% of the borough's housing units. Other types of housing that are prevalent in Steelton include single-family detached homes ( 36.95%), duplexes, homes converted to apartments or other small apartment buildings ( 13.13%), and a few large apartment complexes or high rise apartments ( 7.18%). Boroughs with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact boroughs that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.
The most prevalent building size and type in Steelton are three and four bedroom dwellings, chiefly found in row houses and other attached homes. The borough has a mixture of owners and renters, with 51.51% owning and 48.49% renting.
The housing in Steelton was primarily built before 1939 ( 48.68%), making the housing stock in Steelton some of the oldest overall in America, although there is a range of ages of homes in Steelton. The next most important housing age is between 1940-1969 ( 28.94%), followed by between 1970-1999 ( 21.02%). There's also some housing in Steelton built between 2000 and later ( 1.36%).
Appreciation rates for homes in Steelton have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 97.65%, which ranks in the top 40% nationwide. This equates to an annual average Steelton house appreciation rate of 7.05%.
NeighborhoodScout's data show that during the latest twelve months, Steelton's appreciation rate, at 6.00%, has been at or slightly above the national average. In the latest quarter, Steelton's appreciation rate has been 4.20%, which annualizes to a rate of 17.87%.
Importantly, this makes Steelton one of the highest appreciating communities in the nation for the latest quarter, and may signal the borough's near-future real estate investment strength.
Relative to Pennsylvania, our data show that Steelton's latest annual appreciation rate is lower than 60% of the other cities and towns in Pennsylvania.
$162,791
for Pennsylvania
for nation
2,281
$1,645 / per month