Meshoppen, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Meshoppen Neighborhoods Since 2000




Meshoppen, 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

Meshoppen Housing Market Information

With a population of 555, 149 total housing units (homes and apartments), and a median house value of $162,565, Meshoppen 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 Meshoppen, accounting for 64.32% of the borough's housing units. Other types of housing that are prevalent in Meshoppen include duplexes, homes converted to apartments or other small apartment buildings ( 31.16%), row houses and other attached homes ( 2.51%), and a few mobile homes or trailers ( 2.01%).

The most prevalent building size and type in Meshoppen are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 49.66% owning and 50.34% renting.

The housing in Meshoppen was primarily built before 1939 ( 67.84%), making the housing stock in Meshoppen some of the oldest overall in America, although there is a range of ages of homes in Meshoppen. The next most important housing age is between 1970-1999 ( 18.59%), followed by between 1940-1969 ( 12.56%). There's also some housing in Meshoppen built between 2000 and later ( 1.01%).

Vacant housing appears to be an issue in Meshoppen. Fully 25.13% of the housing stock is classified as vacant. Left unchecked, vacant Meshoppen homes and apartments can be a drag on the real estate market, holding Meshoppen 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.

Meshoppen Home Appreciation Rates

In the last 10 years, Meshoppen has experienced some of the highest home appreciation rates of any community in the nation. Meshoppen real estate appreciated 21.21% over the last ten years, which is an average annual home appreciation rate of 1.94%, putting Meshoppen in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Meshoppen definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Meshoppen that despite a nationwide downturn in the housing market, Meshoppen real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Meshoppen appreciation rates continue to be some of the highest in America, at 6.03%, which is higher than appreciation rates in 74.27% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Meshoppen. Meshoppen appreciation rates in the latest quarter were at 2.13%, which equates to an annual appreciation rate of 8.80%.

Importantly, this makes Meshoppen one of the highest appreciating communities in the nation for the latest quarter, and may signal the borough's near-future real estate investment strength.

Relative to Pennsylvania, our data show that Meshoppen's latest annual appreciation rate is higher than 90% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$162,565

Meshoppen, PA HOME PRICES

Value Range
> $1,077,000 1.7
$807,001 - $1,077,000 0.1
$538,001 - $807,000 1.1
$431,001 - $538,000 1.9
$323,001 - $431,000 2.7
$215,001 - $323,000 21.4
$108,001 - $215,000 44.2
$54,001 - $108,000 20.5
$0 - $54,000 6.3

High for PA
Average for Nation

Value Relative to Nation Value Relative to State
44.6326028360483 37.6811594202899

Number Of Homes And Apartments:
149

Meshoppen 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
67.26% 3.03% 9 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$956 / per month

Homeownership Rate

Homeownership
Owners 49.66
Renters 50.34
Vacant 25.13

Housing Market Details

 

Age of Homes

AGE OF Meshoppen HOMES
2000 or Newer 1.0
1970 - 1999 18.6
1940 - 1969 12.6
1939 or Older 67.8

Types of Homes

TYPE OF Meshoppen HOMES
Single-Family 64.3
Townhomes 2.5
Small Apt. Buildings 31.2
Apt. Complexes 0.0
Mobile Homes 2.0
Other 0.0

Home Size

SIZE OF Meshoppen HOMES
No Bedroom 3.52
1 Bedroom 9.05
2 Bedrooms 24.12
3 Bedrooms 40.70
4 Bedrooms 20.60
5 or more bedrooms 2.01

Popular Neighborhoods in Meshoppen

Zip Codes in Meshoppen, PA