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 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.
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.
|$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|
|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 Meshoppen HOMES|
|2000 or Newer||1.0|
|1970 - 1999||18.6|
|1940 - 1969||12.6|
|1939 or Older||67.8|
|TYPE OF Meshoppen HOMES|
|Small Apt. Buildings||31.2|
|SIZE OF Meshoppen HOMES|
|5 or more bedrooms||2.01|