Sharon, 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

Sharon, PA Housing Market Trends

With 12,933 people, 5,993 houses or apartments, and a median cost of homes of $56,901, house prices in Sharon 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 Sharon, accounting for 69.58% of the city's housing units. Other types of housing that are prevalent in Sharon include large apartment complexes or high rise apartments ( 17.70%), duplexes, homes converted to apartments or other small apartment buildings ( 10.22%), and a few row houses and other attached homes ( 2.21%).

The most prevalent building size and type in Sharon are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 49.09% owning and 50.91% renting.

The housing in Sharon was primarily built before 1939 ( 44.29%), making the housing stock in Sharon some of the oldest overall in America, although there is a range of ages of homes in Sharon. The next most important housing age is between 1940-1969 ( 40.68%), followed by between 1970-1999 ( 14.05%).

Vacant housing appears to be an issue in Sharon. Fully 18.78% of the housing stock is classified as vacant. Left unchecked, vacant Sharon homes and apartments can be a drag on the real estate market, holding Sharon 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.

Sharon Home Appreciation Rates

Sharon's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Sharon during the period has been just 2.13%, which is lower than 80% of US communities.

Over the last year, Sharon appreciation rates have trailed the rest of the nation. In the last twelve months, Sharon's appreciation rate has been 3.97%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Sharon were at 2.59%, which equates to an annual appreciation rate of 10.78%.

Relative to Pennsylvania, our data show that Sharon's latest annual appreciation rate is lower 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 Sharon differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Sharon - 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 Sharon real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$56,901

Sharon, PA HOME PRICES

> $1,099,000
0.0%
0.0%
$824,001 - $1,099,000
0.0%
0.0%
$549,001 - $824,000
0.0%
0.0%
$440,001 - $549,000
0.4%
0.4%
$330,001 - $440,000
1.8%
1.8%
$220,001 - $330,000
2.3%
2.3%
$110,001 - $220,000
10.8%
10.8%
$55,001 - $110,000
37.3%
37.3%
$0 - $55,000
47.5%
47.5%
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:
5,993

Sharon 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
12.79% 0.56%
1
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$806 / per month

Homeownership Rate

Owners
49.1%
49.1%
Renters
50.9%
50.9%
Vacant
18.8%
18.8%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1.0%
1.0%
1970 - 1999
14.1%
14.1%
1940 - 1969
40.7%
40.7%
1939 or Older
44.3%
44.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
69.6%
69.6%
Townhomes
2.2%
2.2%
Small Apt. Buildings
10.2%
10.2%
Apt. Complexes
17.7%
17.7%
Mobile Homes
0.3%
0.3%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
6.0%
6.0%
1 Bedroom
12.8%
12.8%
2 Bedrooms
26.0%
26.0%
3 Bedrooms
45.2%
45.2%
4 Bedrooms
7.8%
7.8%
5 or more bedrooms
2.2%
2.2%
0.0% 100.0%
% OF HOMES