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 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.
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.
|$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|
|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 Meadville HOMES|
|2000 or Newer||1.3|
|1970 - 1999||19.5|
|1940 - 1969||36.0|
|1939 or Older||43.1|
|TYPE OF Meadville HOMES|
|Small Apt. Buildings||20.6|
|SIZE OF Meadville HOMES|
|5 or more bedrooms||5.14|