Macungie, 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

Macungie, PA Housing Market Trends

With a population of 3,178, 1,410 total housing units (homes and apartments), and a median house value of $234,887, Macungie real estate prices are well above average cost compared to national prices.

Row houses and other attached homes are the single most common housing type in Macungie, accounting for 35.46% of the borough's housing units. Other types of housing that are prevalent in Macungie include single-family detached homes ( 31.39%), large apartment complexes or high rise apartments ( 22.58%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 10.58%). Boroughs with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact boroughs that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

The most prevalent building size and type in Macungie are three and four bedroom dwellings, chiefly found in row houses and other attached homes. The borough has a mixture of owners and renters, with 54.18% owning and 45.82% renting.

There is a lot of housing in Macungie built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Macungie built before 1939 ( 20.27%). A lesser amount of the housing stock also hails from between 1940-1969 ( 14.17%). There's also some housing in Macungie built between 2000 and later ( 10.10%).

Macungie Home Appreciation Rates

Real estate appreciation rates in Macungie's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 3.08% during the period.

Appreciation rates are so strong in Macungie that despite a nationwide downturn in the housing market, Macungie real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Macungie appreciation rates continue to be some of the highest in America, at 11.28%, which is higher than appreciation rates in 78.73% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Macungie. Macungie appreciation rates in the latest quarter were at 4.26%, which equates to an annual appreciation rate of 18.16%.

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

Relative to Pennsylvania, our data show that Macungie's latest annual appreciation rate is higher than 80% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$234,887

Macungie, PA HOME PRICES

> $1,219,000
0.8%
0.8%
$914,001 - $1,219,000
0.0%
0.0%
$609,001 - $914,000
2.9%
2.9%
$488,001 - $609,000
8.1%
8.1%
$366,001 - $488,000
3.4%
3.4%
$244,001 - $366,000
22.0%
22.0%
$122,001 - $244,000
57.4%
57.4%
$61,001 - $122,000
1.9%
1.9%
$0 - $61,000
3.5%
3.5%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

High for PA

Value Relative To Nation

Number Of Homes And Apartments:
1,410

Macungie 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
72.93% 2.58%
5
5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,720 / per month

Homeownership Rate

Owners
54.2%
54.2%
Renters
45.8%
45.8%
Vacant
4.4%
4.4%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
10.1%
10.1%
1970 - 1999
55.5%
55.5%
1940 - 1969
14.2%
14.2%
1939 or Older
20.3%
20.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
31.4%
31.4%
Townhomes
35.5%
35.5%
Small Apt. Buildings
10.6%
10.6%
Apt. Complexes
22.6%
22.6%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.9%
1.9%
1 Bedroom
23.1%
23.1%
2 Bedrooms
23.9%
23.9%
3 Bedrooms
37.6%
37.6%
4 Bedrooms
13.2%
13.2%
5 or more bedrooms
0.3%
0.3%
0.0% 100.0%
% OF HOMES