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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Punxsutawney, 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 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

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

Punxsutawney, PA Housing Market Trends

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 Home Appreciation Rates

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.

Average Home Values

Median Home Value

$150,119

Punxsutawney, PA Home Prices
> $1,362,000
$1,022,001 - $1,362,000
$681,001 - $1,022,000
$545,001 - $681,000
$409,001 - $545,000
$273,001 - $409,000
$136,001 - $273,000
$68,001 - $136,000
$0 - $68,000
0.0%
0.0%
0.0%
0.0%
2.0%
2.0%
1.3%
1.3%
1.3%
1.3%
10.3%
10.3%
28.8%
28.8%
43.8%
43.8%
12.4%
12.4%
0% 100.0%
% of Homes
Very Low

for Pennsylvania

Very Low

for nation

Number of Homes And Apartments:

2,578

Punxsutawney Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,124 / per month

Homeownership Rate

Owners
Renters
55.1%
55.1%
44.9%
44.9%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
15.1%
15.1%
84.9%
84.9%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
11.4%
11.4%
20.3%
20.3%
33.0%
33.0%
35.3%
35.3%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
68.2%
68.2%
1.6%
1.6%
15.4%
15.4%
12.6%
12.6%
1.7%
1.7%
0.4%
0.4%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.7%
1.7%
13.1%
13.1%
25.5%
25.5%
46.1%
46.1%
12.0%
12.0%
1.5%
1.5%
0% 100.0%
% of Homes