York, 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

York, PA Housing Market Trends

With 43,932 people, 16,303 houses or apartments, and a median cost of homes of $99,014, 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 40.80% of the city's housing units. Other types of housing that are prevalent in York include duplexes, homes converted to apartments or other small apartment buildings ( 23.24%), single-family detached homes ( 21.17%), and a few large apartment complexes or high rise apartments ( 14.61%). Cities that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of cities are often walkable and compact, and often have a lively downtown.

The most prevalent building size and type in York are three and four bedroom dwellings, chiefly found in row houses and other attached homes. The city has a mixture of owners and renters, with 36.92% owning and 63.08% renting.

The housing in York was primarily built before 1939 ( 54.29%), 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 ( 32.81%), followed by between 1970-1999 ( 10.91%). There's also some housing in York built between 2000 and later ( 2.00%).

Vacant housing appears to be an issue in York. Fully 13.69% of the housing stock is classified as vacant. Left unchecked, vacant York homes and apartments can be a drag on the real estate market, holding York 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.

York Home Appreciation Rates

York's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in York during the period has been just 2.81%, which is lower than 70% of US communities.

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 16.87%, which is higher than appreciation rates in 98.13% 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 3.41%, which equates to an annual appreciation rate of 14.37%.

Relative to Pennsylvania, our data show that York's latest annual appreciation rate is higher than 90% 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.

Average Home Values

 

Median Home Value:
$99,014

York, PA HOME PRICES

> $1,386,000
0.1%
0.1%
$1,040,001 - $1,386,000
0.0%
0.0%
$693,001 - $1,040,000
0.1%
0.1%
$555,001 - $693,000
0.5%
0.5%
$416,001 - $555,000
0.4%
0.4%
$277,001 - $416,000
2.8%
2.8%
$138,001 - $277,000
18.4%
18.4%
$69,001 - $138,000
54.8%
54.8%
$0 - $69,000
22.9%
22.9%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very Low for Nation

Very Low for PA

Value Relative To Nation

Number Of Homes And Apartments:
16,303

York 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
62.30% 2.28%
3
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,053 / per month

Homeownership Rate

Owners
36.9%
36.9%
Renters
63.1%
63.1%
Vacant
13.7%
13.7%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
2.0%
2.0%
1970 - 1999
10.9%
10.9%
1940 - 1969
32.8%
32.8%
1939 or Older
54.3%
54.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
21.2%
21.2%
Townhomes
40.8%
40.8%
Small Apt. Buildings
23.2%
23.2%
Apt. Complexes
14.6%
14.6%
Mobile Homes
0.2%
0.2%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
5.3%
5.3%
1 Bedroom
17.9%
17.9%
2 Bedrooms
21.0%
21.0%
3 Bedrooms
32.9%
32.9%
4 Bedrooms
12.4%
12.4%
5 or more bedrooms
10.6%
10.6%
0.0% 100.0%
% OF HOMES