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 5,636, 2,578 total housing units (homes and apartments), and a median house value of $150,119, house prices in Punxsutawney are some of the most affordable in Pennsylvania as well as the nation.
Single-family detached homes are the single most common housing type in Punxsutawney, accounting for 68.24% of the borough's housing units. Other types of housing that are prevalent in Punxsutawney include duplexes, homes converted to apartments or other small apartment buildings ( 15.42%), large apartment complexes or high rise apartments ( 12.59%), and a few mobile homes or trailers ( 1.75%).
The most prevalent building size and type in Punxsutawney are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 55.10% owning and 44.90% renting.
The housing in Punxsutawney was primarily built before 1939 ( 35.32%), making the housing stock in Punxsutawney some of the oldest overall in America, although there is a range of ages of homes in Punxsutawney. The next most important housing age is between 1940-1969 ( 33.01%), followed by between 1970-1999 ( 20.26%). There's also some housing in Punxsutawney built between 2000 and later ( 11.40%).
Vacant housing appears to be an issue in Punxsutawney. Fully 15.06% of the housing stock is classified as vacant. Left unchecked, vacant Punxsutawney homes and apartments can be a drag on the real estate market, holding Punxsutawney 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.
Punxsutawney's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Punxsutawney during the period has been just 5.72%, which is lower than 70% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Punxsutawney's appreciation rate, at 6.72%, has been at or slightly above the national average. In the latest quarter, Punxsutawney's appreciation rate has been 2.01%, which annualizes to a rate of 8.30%.
Relative to Pennsylvania, our data show that Punxsutawney's latest annual appreciation rate is lower than 50% of the other cities and towns in Pennsylvania.
$150,119
for Pennsylvania
for nation
2,578
$1,124 / per month