Monongahela appreciation rates and housing market information

Monongahela housing market information

With 4,757 people, 2,372 houses or apartments, and a median cost of homes of $97,403, house prices in Monongahela 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 Monongahela, accounting for 65.35% of the city's housing units. Other types of housing that are prevalent in Monongahela include duplexes, homes converted to apartments, or other small apartment buildings (20.28%), large apartment complexes or high rise apartments (8.56%), row houses and other attached homes (4.43%), and a few mobile homes or trailers (1.39%).

People in Monongahela primarily live in small (one, two, or no bedroom) single-family detached homes. Monongahela has a mixture of owner-occupied and renter-occupied housing.

The housing in Monongahela was primarily built before 1939 (59.32%), making the housing stock in Monongahela some of the older overall in America, although there is a range of ages of homes in Monongahela. The next most important Monongahela housing age is 1940-1969 (32.46%), followed by 1970-1994 (7.71%). There's also some housing in Monongahela built between 1995 and later (.51%).

Monongahela home appreciation rates

Monongahela's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Monongahela during the period has been just 5.96%, which is lower than % of US communities.

NeighborhoodScout's data show that during the latest twelve months, Monongahela home appreciation rates, at 2.36%, have been at or slightly above the national average. In the latest quarter, Monongahela's appreciation rate has been 1.83%, which annualizes to a rate of 7.32%.

Importantly, this makes Monongahela one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Pennsylvania, our data show that Monongahela's latest annual appreciation rate is higher than 64% of the other cities and towns in Pennsylvania.