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
With 2,095 people, 961 houses or apartments, and a median cost of homes of $139,732, McDonald real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in McDonald, accounting for 69.69% of the borough's housing units. Other types of housing that are prevalent in McDonald include large apartment complexes or high rise apartments ( 16.06%), duplexes, homes converted to apartments or other small apartment buildings ( 10.98%), and a few row houses and other attached homes ( 3.27%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in McDonald. Owner-occupied housing accounts for 67.31% of McDonald's homes, and 62.07% have either three or four bedrooms, which is average sized relative to America.
The housing in McDonald was primarily built before 1939 ( 62.89%), making the housing stock in McDonald some of the oldest overall in America, although there is a range of ages of homes in McDonald. The next most important housing age is between 1940-1969 ( 23.59%), followed by between 1970-1999 ( 13.52%).
Vacant housing appears to be an issue in McDonald. Fully 12.79% of the housing stock is classified as vacant. Left unchecked, vacant McDonald homes and apartments can be a drag on the real estate market, holding McDonald 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.
In the last 10 years, McDonald has experienced some of the highest home appreciation rates of any community in the nation. McDonald real estate appreciated 15.46% over the last ten years, which is an average annual home appreciation rate of 1.45%, putting McDonald in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, McDonald definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, McDonald appreciation rates have trailed the rest of the nation. In the last twelve months, McDonald's appreciation rate has been 1.03%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in McDonald were at -0.41%, which equates to an annual appreciation rate of -1.65%.
Relative to Pennsylvania, our data show that McDonald's latest annual appreciation rate is lower than 70% 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 borough. Individual neighborhoods within McDonald differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in McDonald - 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 McDonald real estate investment or home purchase decisions.
|$820,001 - $1,093,000||0.0|
|$547,001 - $820,000||0.1|
|$437,001 - $547,000||1.7|
|$328,001 - $437,000||2.0|
|$219,001 - $328,000||10.6|
|$109,001 - $219,000||52.7|
|$55,001 - $109,000||25.0|
|$0 - $55,000||7.9|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF McDonald HOMES|
|2000 or Newer||0.0|
|1970 - 1999||13.5|
|1940 - 1969||23.6|
|1939 or Older||62.9|
|TYPE OF McDonald HOMES|
|Small Apt. Buildings||11.0|
|SIZE OF McDonald HOMES|
|5 or more bedrooms||0.54|