Mifflinburg, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Mifflinburg, PA Real Estate Data


Mifflinburg Housing Market Information

With 3,520 people, 1,569 houses or apartments, and a median cost of homes of $137,633, house prices in Mifflinburg are solidly below the national average.

Single-family detached homes are the single most common housing type in Mifflinburg, accounting for 62.58% of the borough's housing units. Other types of housing that are prevalent in Mifflinburg include duplexes, homes converted to apartments or other small apartment buildings ( 13.26%), large apartment complexes or high rise apartments ( 10.12%), and a few row houses and other attached homes ( 9.00%).

The most prevalent building size and type in Mifflinburg are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 62.91% owning and 37.09% renting.

There is a lot of housing in Mifflinburg built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Mifflinburg built before 1939 ( 34.22%). A lesser amount of the housing stock also hails from between 1940-1969 ( 19.30%). There's also some housing in Mifflinburg built between 2000 and later ( 2.55%).

Mifflinburg Home Appreciation Rates

Appreciation rates for homes in Mifflinburg have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 13.14%, which ranks in the top 30% nationwide. This equates to an annual average Mifflinburg house appreciation rate of 1.24%.

Over the last year, Mifflinburg appreciation rates have trailed the rest of the nation. In the last twelve months, Mifflinburg's appreciation rate has been 1.04%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Mifflinburg were at 0.58%, which equates to an annual appreciation rate of 2.35%.

Relative to Pennsylvania, our data show that Mifflinburg's latest annual appreciation rate is lower than 70% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$137,633

Mifflinburg, PA HOME PRICES

Value Range
> $1,038,000 0.0
$779,001 - $1,038,000 0.0
$519,001 - $779,000 1.4
$415,001 - $519,000 0.0
$312,001 - $415,000 0.9
$207,001 - $312,000 13.2
$104,001 - $207,000 59.6
$52,001 - $104,000 14.6
$0 - $52,000 10.4

Average for PA
Average for Nation

Value Relative to Nation Value Relative to State
55.6955349818352 52.0772946859903

Number Of Homes And Apartments:
1,569

Rent & Ownership

 

Average Market Rent:
$758 / per month

Homeownership Rate

Homeownership
Owners 62.91
Renters 37.09
Vacant 7.10

Housing Market Details

 

Age of Homes

AGE OF Mifflinburg HOMES
2000 or Newer 2.5
1970 - 1999 43.9
1940 - 1969 19.3
1939 or Older 34.2

Types of Homes

TYPE OF Mifflinburg HOMES
Single-Family 62.6
Townhomes 9.0
Small Apt. Buildings 13.3
Apt. Complexes 10.1
Mobile Homes 5.0
Other 0.0

Home Size

SIZE OF Mifflinburg HOMES
No Bedroom 0.00
1 Bedroom 10.95
2 Bedrooms 26.94
3 Bedrooms 42.45
4 Bedrooms 17.17
5 or more bedrooms 2.49

Mifflinburg Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
46.40% 2.23% 6 6
* 10 is highest

Popular Neighborhoods in Mifflinburg

Zip Codes in Mifflinburg, PA