Meadville, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Meadville Neighborhoods Since 2000




Meadville, 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

Meadville Housing Market Information

With 13,061 people, 5,286 houses or apartments, and a median cost of homes of $85,609, house prices in Meadville 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 Meadville, accounting for 55.58% of the city's housing units. Other types of housing that are prevalent in Meadville include duplexes, homes converted to apartments or other small apartment buildings ( 20.56%), large apartment complexes or high rise apartments ( 18.51%), and a few mobile homes or trailers ( 2.96%).

The most prevalent building size and type in Meadville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 39.93% owning and 60.07% renting.

The housing in Meadville was primarily built before 1939 ( 43.13%), making the housing stock in Meadville some of the oldest overall in America, although there is a range of ages of homes in Meadville. The next most important housing age is between 1940-1969 ( 36.02%), followed by between 1970-1999 ( 19.52%). There's also some housing in Meadville built between 2000 and later ( 1.33%).

Vacant housing appears to be an issue in Meadville. Fully 15.30% of the housing stock is classified as vacant. Left unchecked, vacant Meadville homes and apartments can be a drag on the real estate market, holding Meadville 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.

Meadville Home Appreciation Rates

Real estate appreciation rates in Meadville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.10% during the period.

Over the last year, Meadville appreciation rates have trailed the rest of the nation. In the last twelve months, Meadville's appreciation rate has been 1.52%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Meadville were at -1.59%, which equates to an annual appreciation rate of -6.20%.

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

Relative to Pennsylvania, our data show that Meadville's latest annual appreciation rate is lower than 60% 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 city. Individual neighborhoods within Meadville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Meadville - 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 Meadville real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$85,609

Meadville, PA HOME PRICES

Value Range
> $1,009,000 0.2
$757,001 - $1,009,000 0.0
$505,001 - $757,000 0.7
$404,001 - $505,000 1.3
$303,001 - $404,000 0.5
$201,001 - $303,000 2.8
$101,001 - $201,000 31.3
$50,001 - $101,000 43.6
$0 - $50,000 19.5

Very Low for PA
Very Low for Nation

Value Relative to Nation Value Relative to State
87.0268369858198 85.6038647342995

Number Of Homes And Apartments:
5,286

Meadville 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
13.18% 0.72% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$814 / per month

Homeownership Rate

Homeownership
Owners 39.93
Renters 60.07
Vacant 15.30

Housing Market Details

 

Age of Homes

AGE OF Meadville HOMES
2000 or Newer 1.3
1970 - 1999 19.5
1940 - 1969 36.0
1939 or Older 43.1

Types of Homes

TYPE OF Meadville HOMES
Single-Family 55.6
Townhomes 2.4
Small Apt. Buildings 20.6
Apt. Complexes 18.5
Mobile Homes 3.0
Other 0.0

Home Size

SIZE OF Meadville HOMES
No Bedroom 2.84
1 Bedroom 19.10
2 Bedrooms 21.82
3 Bedrooms 37.16
4 Bedrooms 13.94
5 or more bedrooms 5.14