McVeytown, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating McVeytown Neighborhoods Since 2000




McVeytown, 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

McVeytown Housing Market Information

With a population of 333, 161 total housing units (homes and apartments), and a median house value of $119,489, house prices in McVeytown are solidly below the national average.

Single-family detached homes are the single most common housing type in McVeytown, accounting for 65.50% of the borough's housing units. Other types of housing that are prevalent in McVeytown include duplexes, homes converted to apartments or other small apartment buildings ( 25.73%), mobile homes or trailers ( 5.26%), and a few row houses and other attached homes ( 3.51%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in McVeytown. Owner-occupied housing accounts for 69.57% of McVeytown's homes, and 50.88% have either three or four bedrooms, which is average sized relative to America.

The housing in McVeytown was primarily built before 1939 ( 59.65%), making the housing stock in McVeytown some of the oldest overall in America, although there is a range of ages of homes in McVeytown. The next most important housing age is between 1970-1999 ( 20.47%), followed by between 1940-1969 ( 16.37%). There's also some housing in McVeytown built between 2000 and later ( 3.51%).

McVeytown Home Appreciation Rates

Appreciation rates for homes in McVeytown have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 14.42%, which ranks in the top 30% nationwide. This equates to an annual average McVeytown house appreciation rate of 1.36%.

Over the last year, McVeytown appreciation rates have trailed the rest of the nation. In the last twelve months, McVeytown's appreciation rate has been 2.82%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in McVeytown were at -1.59%, which equates to an annual appreciation rate of -6.20%.

Notably, McVeytown's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Pennsylvania, our data show that McVeytown's latest annual appreciation rate is higher than 60% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$119,489

McVeytown, PA HOME PRICES

Value Range
> $1,054,000 0.4
$790,001 - $1,054,000 0.3
$526,001 - $790,000 1.5
$421,001 - $526,000 1.9
$316,001 - $421,000 4.8
$211,001 - $316,000 11.0
$105,001 - $211,000 36.7
$52,001 - $105,000 36.5
$0 - $52,000 6.8

Low for PA
Low for Nation

Value Relative to Nation Value Relative to State
65.6627212000469 62.7053140096618

Number Of Homes And Apartments:
161

McVeytown 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
42.43% 2.07% 5 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$706 / per month

Homeownership Rate

Homeownership
Owners 69.57
Renters 30.43
Vacant 5.85

Housing Market Details

 

Age of Homes

AGE OF McVeytown HOMES
2000 or Newer 3.5
1970 - 1999 20.5
1940 - 1969 16.4
1939 or Older 59.6

Types of Homes

TYPE OF McVeytown HOMES
Single-Family 65.5
Townhomes 3.5
Small Apt. Buildings 25.7
Apt. Complexes 0.0
Mobile Homes 5.3
Other 0.0

Home Size

SIZE OF McVeytown HOMES
No Bedroom 2.92
1 Bedroom 19.30
2 Bedrooms 26.90
3 Bedrooms 40.35
4 Bedrooms 10.53
5 or more bedrooms 0.00