Millersburg, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Millersburg Neighborhoods Since 2000




Millersburg, 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

Millersburg Housing Market Information

With 2,536 people, 1,188 houses or apartments, and a median cost of homes of $97,633, house prices in Millersburg are solidly below the national average.

Single-family detached homes are the single most common housing type in Millersburg, accounting for 49.50% of the borough's housing units. Other types of housing that are prevalent in Millersburg include row houses and other attached homes ( 25.14%), duplexes, homes converted to apartments or other small apartment buildings ( 15.33%), and a few large apartment complexes or high rise apartments ( 10.03%).

The most prevalent building size and type in Millersburg are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 58.33% owning and 41.67% renting.

The housing in Millersburg was primarily built before 1939 ( 52.22%), making the housing stock in Millersburg some of the oldest overall in America, although there is a range of ages of homes in Millersburg. The next most important housing age is between 1940-1969 ( 30.37%), followed by between 1970-1999 ( 15.04%). There's also some housing in Millersburg built between 2000 and later ( 2.36%).

Vacant housing appears to be an issue in Millersburg. Fully 14.90% of the housing stock is classified as vacant. Left unchecked, vacant Millersburg homes and apartments can be a drag on the real estate market, holding Millersburg 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.

Millersburg Home Appreciation Rates

Millersburg's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Millersburg during the period has been just -1.16%, which is lower than 70% of US communities.

Over the last year, Millersburg appreciation rates have trailed the rest of the nation. In the last twelve months, Millersburg's appreciation rate has been -3.57%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Millersburg were at -0.92%, which equates to an annual appreciation rate of -3.65%.

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

Relative to Pennsylvania, our data show that Millersburg's latest annual appreciation rate is lower than 90% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$97,633

Millersburg, PA HOME PRICES

Value Range
> $967,000 0.0
$725,001 - $967,000 0.0
$484,001 - $725,000 0.0
$387,001 - $484,000 0.0
$290,001 - $387,000 0.0
$193,001 - $290,000 1.4
$97,001 - $193,000 50.1
$48,001 - $97,000 45.8
$0 - $48,000 2.7

Low for PA
Low for Nation

Value Relative to Nation Value Relative to State
79.1105121293801 77.8743961352657

Number Of Homes And Apartments:
1,188

Millersburg 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
21.19% 1.12% 1 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$788 / per month

Homeownership Rate

Homeownership
Owners 58.33
Renters 41.67
Vacant 14.90

Housing Market Details

 

Age of Homes

AGE OF Millersburg HOMES
2000 or Newer 2.4
1970 - 1999 15.0
1940 - 1969 30.4
1939 or Older 52.2

Types of Homes

TYPE OF Millersburg HOMES
Single-Family 49.5
Townhomes 25.1
Small Apt. Buildings 15.3
Apt. Complexes 10.0
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Millersburg HOMES
No Bedroom 3.30
1 Bedroom 15.19
2 Bedrooms 21.92
3 Bedrooms 52.65
4 Bedrooms 6.95
5 or more bedrooms 0.00

Popular Neighborhoods in Millersburg

Zip Codes in Millersburg, PA