Edinboro, PA Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Edinboro, PA Housing Market Trends

With a population of 5,515, 2,009 total housing units (homes and apartments), and a median house value of $194,148, Edinboro 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 Edinboro, accounting for 53.01% of the borough's housing units. Other types of housing that are prevalent in Edinboro include large apartment complexes or high rise apartments ( 28.21%), duplexes, homes converted to apartments or other small apartment buildings ( 14.27%), and a few row houses and other attached homes ( 2.13%).

Edinboro is dominated by renter-occupied one, two, or no bedrooms apartments. 66.71% of Edinboro's dwellings are rentals.

There is a lot of housing in Edinboro built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Edinboro built between 1940-1969 ( 24.75%). A lesser amount of the housing stock also hails from before 1939 ( 20.41%). There's also some housing in Edinboro built between 2000 and later ( 8.06%).

Vacant housing appears to be an issue in Edinboro. Fully 16.15% of the housing stock is classified as vacant. Left unchecked, vacant Edinboro homes and apartments can be a drag on the real estate market, holding Edinboro 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.

Edinboro Home Appreciation Rates

Real estate appreciation rates in Edinboro's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 2.94% during the period.

Over the last year, Edinboro appreciation rates have trailed the rest of the nation. In the last twelve months, Edinboro's appreciation rate has been 6.26%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Edinboro were at 2.59%, which equates to an annual appreciation rate of 10.79%.

Relative to Pennsylvania, our data show that Edinboro's latest annual appreciation rate is lower than 80% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$194,148

Edinboro Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
53.61% 2.02%
2
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,149 / per month

Homeownership Rate

Owners
33.3%
33.3%
Renters
66.7%
66.7%
Vacant
16.2%
16.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
8.1%
8.1%
1970 - 1999
46.8%
46.8%
1940 - 1969
24.7%
24.7%
1939 or Older
20.4%
20.4%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
53.0%
53.0%
Townhomes
2.1%
2.1%
Small Apt. Buildings
14.3%
14.3%
Apt. Complexes
28.2%
28.2%
Mobile Homes
1.8%
1.8%
Other
0.6%
0.6%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.4%
2.4%
1 Bedroom
15.7%
15.7%
2 Bedrooms
31.5%
31.5%
3 Bedrooms
29.1%
29.1%
4 Bedrooms
17.4%
17.4%
5 or more bedrooms
4.0%
4.0%
0.0% 100.0%
% OF HOMES