Middletown, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Middletown, 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

Middletown Housing Market Information

With a population of 9,117, 3,919 total housing units (homes and apartments), and a median house value of $112,794, house prices in Middletown are solidly below the national average.

Single-family detached homes are the single most common housing type in Middletown, accounting for 39.59% of the borough's housing units. Other types of housing that are prevalent in Middletown include large apartment complexes or high rise apartments ( 25.53%), row houses and other attached homes ( 15.95%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 13.45%).

People in Middletown primarily live in small (one, two or no bedroom) single-family detached homes. Middletown has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Middletown's housing was primarily built during this period, from the '40s through the '60s. A full 40.62% of the borough's housing hails from this era. Other housing ages represented in Middletown include homes built before 1939 ( 31.65%) and housing constructed between 1970-1999 ( 26.10%). There's also some housing in Middletown built between 2000 and later ( 1.64%).

Middletown Home Appreciation Rates

Middletown's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Middletown during the period has been just -1.06%, which is lower than 70% of US communities.

Over the last year, Middletown appreciation rates have trailed the rest of the nation. In the last twelve months, Middletown's appreciation rate has been -0.13%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Middletown were at -0.92%, which equates to an annual appreciation rate of -3.65%.

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

Relative to Pennsylvania, our data show that Middletown's latest annual appreciation rate is lower than 80% 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 Middletown differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Middletown - 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 Middletown real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$112,794

Middletown, PA HOME PRICES

Value Range
> $971,000 0.5
$729,001 - $971,000 0.0
$486,001 - $729,000 0.0
$389,001 - $486,000 0.0
$292,001 - $389,000 0.7
$194,001 - $292,000 3.9
$97,001 - $194,000 61.5
$48,001 - $97,000 26.2
$0 - $48,000 7.1

Low for PA
Low for Nation

Value Relative to Nation Value Relative to State
69.6355326379937 67.4396135265701

Number Of Homes And Apartments:
3,919

Middletown 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
24.15% 1.26% 2 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$898 / per month

Homeownership Rate

Homeownership
Owners 47.06
Renters 52.94
Vacant 8.20

Housing Market Details

 

Age of Homes

AGE OF Middletown HOMES
2000 or Newer 1.6
1970 - 1999 26.1
1940 - 1969 40.6
1939 or Older 31.6

Types of Homes

TYPE OF Middletown HOMES
Single-Family 39.6
Townhomes 16.0
Small Apt. Buildings 13.4
Apt. Complexes 25.5
Mobile Homes 5.5
Other 0.0

Home Size

SIZE OF Middletown HOMES
No Bedroom 4.29
1 Bedroom 20.31
2 Bedrooms 27.13
3 Bedrooms 34.18
4 Bedrooms 12.42
5 or more bedrooms 1.69