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 a population of 8,999, 3,994 total housing units (homes and apartments), and a median house value of $186,173, Mechanicsburg real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Mechanicsburg, accounting for 56.32% of the borough's housing units. Other types of housing that are prevalent in Mechanicsburg include row houses and other attached homes ( 18.44%), duplexes, homes converted to apartments or other small apartment buildings ( 12.71%), and a few large apartment complexes or high rise apartments ( 12.52%).
The most prevalent building size and type in Mechanicsburg are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 62.98% owning and 37.02% renting.
The housing in Mechanicsburg was primarily built before 1939 ( 39.68%), making the housing stock in Mechanicsburg some of the oldest overall in America, although there is a range of ages of homes in Mechanicsburg. The next most important housing age is between 1940-1969 ( 30.21%), followed by between 1970-1999 ( 25.52%). There's also some housing in Mechanicsburg built between 2000 and later ( 4.59%).
Appreciation rates for homes in Mechanicsburg have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 1.13%, which ranks in the top 50% nationwide. This equates to an annual average Mechanicsburg house appreciation rate of 0.11%.
NeighborhoodScout's data show that during the latest twelve months, Mechanicsburg's appreciation rate, at 3.97%, has been at or slightly above the national average. In the latest quarter, Mechanicsburg's appreciation rate has been -0.92%, which annualizes to a rate of -3.65%.
Notably, Mechanicsburg's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Pennsylvania, our data show that Mechanicsburg's latest annual appreciation rate is higher 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 Mechanicsburg differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Mechanicsburg - 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 Mechanicsburg real estate investment or home purchase decisions.
|$786,001 - $1,049,000||0.0|
|$524,001 - $786,000||0.0|
|$419,001 - $524,000||0.4|
|$314,001 - $419,000||2.9|
|$210,001 - $314,000||17.4|
|$105,001 - $210,000||76.0|
|$52,001 - $105,000||2.1|
|$0 - $52,000||1.2|
|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 Mechanicsburg HOMES|
|2000 or Newer||4.6|
|1970 - 1999||25.5|
|1940 - 1969||30.2|
|1939 or Older||39.7|
|TYPE OF Mechanicsburg HOMES|
|Small Apt. Buildings||12.7|
|SIZE OF Mechanicsburg HOMES|
|5 or more bedrooms||1.63|