Macungie, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Macungie Neighborhoods Since 2000




Macungie, PA Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Macungie Housing Market Information

With 3,134 people, 1,372 houses or apartments, and a median cost of homes of $202,583, 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 34.84% of the borough's housing units. Other types of housing that are prevalent in Macungie include large apartment complexes or high rise apartments ( 27.06%), single-family detached homes ( 26.09%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 12.01%). Boroughs that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of boroughs are often walkable and compact, and often have a lively downtown.

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 55.39% owning and 44.61% 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 between 1940-1969 ( 18.95%). A lesser amount of the housing stock also hails from before 1939 ( 17.14%). There's also some housing in Macungie built between 2000 and later ( 2.15%).

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 -0.34% during the period.

NeighborhoodScout's data show that during the latest twelve months, Macungie's appreciation rate, at 5.35%, has been at or slightly above the national average. In the latest quarter, Macungie's appreciation rate has been 0.88%, which annualizes to a rate of 3.57%.

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:
$202,583

Macungie, PA HOME PRICES

Value Range
> $1,090,000 1.1
$818,001 - $1,090,000 1.2
$545,001 - $818,000 0.0
$436,001 - $545,000 0.0
$327,001 - $436,000 0.0
$218,001 - $327,000 29.6
$109,001 - $218,000 64.5
$55,001 - $109,000 1.4
$0 - $55,000 2.2

Very High for PA
High for Nation

Value Relative to Nation Value Relative to State
31.6770186335404 20.0

Number Of Homes And Apartments:
1,372

Macungie Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
46.76% 2.25% 6 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,271 / per month

Homeownership Rate

Homeownership
Owners 55.39
Renters 44.61
Vacant 4.79

Housing Market Details

 

Age of Homes

AGE OF Macungie HOMES
2000 or Newer 2.2
1970 - 1999 61.8
1940 - 1969 18.9
1939 or Older 17.1

Types of Homes

TYPE OF Macungie HOMES
Single-Family 26.1
Townhomes 34.8
Small Apt. Buildings 12.0
Apt. Complexes 27.1
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Macungie HOMES
No Bedroom 0.49
1 Bedroom 16.31
2 Bedrooms 27.27
3 Bedrooms 45.32
4 Bedrooms 9.44
5 or more bedrooms 1.18