Meyersdale, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Meyersdale Neighborhoods Since 2000




Meyersdale, 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

Meyersdale Housing Market Information

With 2,082 people, 837 houses or apartments, and a median cost of homes of $81,363, house prices in Meyersdale 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 Meyersdale, accounting for 65.32% of the borough's housing units. Other types of housing that are prevalent in Meyersdale include duplexes, homes converted to apartments or other small apartment buildings ( 15.00%), large apartment complexes or high rise apartments ( 10.87%), and a few mobile homes or trailers ( 8.06%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Meyersdale. Owner-occupied housing accounts for 68.18% of Meyersdale's homes, and 56.89% have either three or four bedrooms, which is average sized relative to America.

The housing in Meyersdale was primarily built before 1939 ( 55.86%), making the housing stock in Meyersdale some of the oldest overall in America, although there is a range of ages of homes in Meyersdale. The next most important housing age is between 1940-1969 ( 26.62%), followed by between 1970-1999 ( 16.12%). There's also some housing in Meyersdale built between 2000 and later ( 1.41%).

Vacant housing appears to be an issue in Meyersdale. Fully 21.56% of the housing stock is classified as vacant. Left unchecked, vacant Meyersdale homes and apartments can be a drag on the real estate market, holding Meyersdale 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.

Meyersdale Home Appreciation Rates

Appreciation rates for homes in Meyersdale have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 7.21%, which ranks in the top 40% nationwide. This equates to an annual average Meyersdale house appreciation rate of 0.70%.

Over the last year, Meyersdale appreciation rates have trailed the rest of the nation. In the last twelve months, Meyersdale's appreciation rate has been 1.68%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Meyersdale were at -1.59%, which equates to an annual appreciation rate of -6.20%.

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

Relative to Pennsylvania, our data show that Meyersdale's latest annual appreciation rate is lower than 60% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$81,363

Meyersdale, PA HOME PRICES

Value Range
> $1,026,000 0.0
$770,001 - $1,026,000 0.0
$513,001 - $770,000 0.6
$410,001 - $513,000 0.0
$308,001 - $410,000 0.0
$205,001 - $308,000 6.2
$102,001 - $205,000 22.2
$51,001 - $102,000 47.9
$0 - $51,000 23.0

Very Low for PA
Very Low for Nation

Value Relative to Nation Value Relative to State
89.6285011133247 88.2125603864734

Number Of Homes And Apartments:
837

Meyersdale 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
41.19% 2.02% 5 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$643 / per month

Homeownership Rate

Homeownership
Owners 68.18
Renters 31.82
Vacant 21.56

Housing Market Details

 

Age of Homes

AGE OF Meyersdale HOMES
2000 or Newer 1.4
1970 - 1999 16.1
1940 - 1969 26.6
1939 or Older 55.9

Types of Homes

TYPE OF Meyersdale HOMES
Single-Family 65.3
Townhomes 0.7
Small Apt. Buildings 15.0
Apt. Complexes 10.9
Mobile Homes 8.1
Other 0.0

Home Size

SIZE OF Meyersdale HOMES
No Bedroom 1.78
1 Bedroom 7.69
2 Bedrooms 31.96
3 Bedrooms 32.52
4 Bedrooms 24.37
5 or more bedrooms 1.69

Popular Neighborhoods in Meyersdale

Zip Codes in Meyersdale, PA