Mill Hall, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Mill Hall Neighborhoods Since 2000




Mill Hall, 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

Mill Hall Housing Market Information

With a population of 1,615, 669 total housing units (homes and apartments), and a median house value of $125,585, house prices in Mill Hall are solidly below the national average.

Single-family detached homes are the single most common housing type in Mill Hall, accounting for 65.97% of the borough's housing units. Other types of housing that are prevalent in Mill Hall include duplexes, homes converted to apartments or other small apartment buildings ( 13.95%), large apartment complexes or high rise apartments ( 11.02%), and a few row houses and other attached homes ( 6.00%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Mill Hall. Owner-occupied housing accounts for 69.66% of Mill Hall's homes, and 55.23% have either three or four bedrooms, which is average sized relative to America.

The housing in Mill Hall was primarily built before 1939 ( 38.63%), making the housing stock in Mill Hall some of the oldest overall in America, although there is a range of ages of homes in Mill Hall. The next most important housing age is between 1970-1999 ( 31.24%), followed by between 1940-1969 ( 28.17%). There's also some housing in Mill Hall built between 2000 and later ( 1.95%).

Mill Hall Home Appreciation Rates

In the last 10 years, Mill Hall has experienced some of the highest home appreciation rates of any community in the nation. Mill Hall real estate appreciated 15.04% over the last ten years, which is an average annual home appreciation rate of 1.41%, putting Mill Hall in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Mill Hall definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Mill Hall appreciation rates have trailed the rest of the nation. In the last twelve months, Mill Hall's appreciation rate has been 1.93%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Mill Hall were at -1.59%, which equates to an annual appreciation rate of -6.20%.

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

Relative to Pennsylvania, our data show that Mill Hall's latest annual appreciation rate is lower than 50% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$125,585

Mill Hall, PA HOME PRICES

Value Range
> $1,043,000 0.6
$782,001 - $1,043,000 0.2
$521,001 - $782,000 1.1
$417,001 - $521,000 1.3
$313,001 - $417,000 5.1
$209,001 - $313,000 13.7
$104,001 - $209,000 37.1
$52,001 - $104,000 25.7
$0 - $52,000 15.0

Average for PA
Low for Nation

Value Relative to Nation Value Relative to State
62.2231337161608 58.5507246376812

Number Of Homes And Apartments:
669

Mill Hall 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
53.94% 2.53% 7 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$874 / per month

Homeownership Rate

Homeownership
Owners 69.66
Renters 30.34
Vacant 6.69

Housing Market Details

 

Age of Homes

AGE OF Mill Hall HOMES
2000 or Newer 2.0
1970 - 1999 31.2
1940 - 1969 28.2
1939 or Older 38.6

Types of Homes

TYPE OF Mill Hall HOMES
Single-Family 66.0
Townhomes 6.0
Small Apt. Buildings 13.9
Apt. Complexes 11.0
Mobile Homes 3.1
Other 0.0

Home Size

SIZE OF Mill Hall HOMES
No Bedroom 0.00
1 Bedroom 12.83
2 Bedrooms 30.40
3 Bedrooms 42.82
4 Bedrooms 12.41
5 or more bedrooms 1.53

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