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 4,469 people, 2,137 houses or apartments, and a median cost of homes of $213,479, house prices in Honesdale are solidly below the national average.
Single-family detached homes are the single most common housing type in Honesdale, accounting for 61.51% of the borough's housing units. Other types of housing that are prevalent in Honesdale include duplexes, homes converted to apartments or other small apartment buildings ( 19.18%), large apartment complexes or high rise apartments ( 9.18%), and a few mobile homes or trailers ( 9.09%).
People in Honesdale primarily live in small (one, two or no bedroom) single-family detached homes. Honesdale has a mixture of owner-occupied and renter-occupied housing.
The housing in Honesdale was primarily built before 1939 ( 35.22%), making the housing stock in Honesdale some of the oldest overall in America, although there is a range of ages of homes in Honesdale. The next most important housing age is between 1940-1969 ( 30.76%), followed by between 1970-1999 ( 28.94%). There's also some housing in Honesdale built between 2000 and later ( 5.08%).
Vacant housing appears to be an issue in Honesdale. Fully 11.66% of the housing stock is classified as vacant. Left unchecked, vacant Honesdale homes and apartments can be a drag on the real estate market, holding Honesdale 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.
Real estate appreciation rates in Honesdale's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.06% during the period.
Appreciation rates are so strong in Honesdale that despite a nationwide downturn in the housing market, Honesdale real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Honesdale appreciation rates continue to be some of the highest in America, at 13.17%, which is higher than appreciation rates in 95.67% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Honesdale. Honesdale appreciation rates in the latest quarter were at 2.01%, which equates to an annual appreciation rate of 8.30%.
Relative to Pennsylvania, our data show that Honesdale's latest annual appreciation rate is higher than 90% of the other cities and towns in Pennsylvania.
$213,479
for Pennsylvania
for nation
2,137
$1,479 / per month