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 6,838 people, 2,872 houses or apartments, and a median cost of homes of $88,498, house prices in Shamokin 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 Shamokin, accounting for 46.08% of the city's housing units. Other types of housing that are prevalent in Shamokin include single-family detached homes ( 30.93%), large apartment complexes or high rise apartments ( 13.14%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.32%). 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 Shamokin 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 57.49% owning and 42.51% renting.
The housing in Shamokin was primarily built before 1939 ( 64.04%), making the housing stock in Shamokin some of the oldest overall in America, although there is a range of ages of homes in Shamokin. The next most important housing age is between 1940-1969 ( 23.28%), followed by between 1970-1999 ( 11.53%). There's also some housing in Shamokin built between 2000 and later ( 1.16%).
Vacant housing appears to be an issue in Shamokin. Fully 32.14% of the housing stock is classified as vacant. Left unchecked, vacant Shamokin homes and apartments can be a drag on the real estate market, holding Shamokin 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.
Shamokin's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Shamokin during the period has been just 4.92%, which is lower than 80% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Shamokin's appreciation rate, at 5.46%, has been at or slightly above the national average. In the latest quarter, Shamokin's appreciation rate has been 2.01%, which annualizes to a rate of 8.30%.
Relative to Pennsylvania, our data show that Shamokin's latest annual appreciation rate is lower than 60% of the other cities and towns in Pennsylvania.
$88,498
for Pennsylvania
for nation
2,872
$1,112 / per month