Mohnton, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Mohnton, 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

Mohnton Housing Market Information

With 3,036 people, 1,303 houses or apartments, and a median cost of homes of $176,255, Mohnton real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Mohnton, accounting for 55.27% of the borough's housing units. Other types of housing that are prevalent in Mohnton include row houses and other attached homes ( 17.53%), large apartment complexes or high rise apartments ( 13.67%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 13.52%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Mohnton. Owner-occupied housing accounts for 71.72% of Mohnton's homes, and 61.96% have either three or four bedrooms, which is average sized relative to America.

The housing in Mohnton was primarily built before 1939 ( 44.80%), making the housing stock in Mohnton some of the oldest overall in America, although there is a range of ages of homes in Mohnton. The next most important housing age is between 1970-1999 ( 35.81%), followed by between 1940-1969 ( 13.97%). There's also some housing in Mohnton built between 2000 and later ( 5.42%).

Mohnton Home Appreciation Rates

Mohnton's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Mohnton during the period has been just -1.04%, which is lower than 70% of US communities.

Over the last year, Mohnton appreciation rates have trailed the rest of the nation. In the last twelve months, Mohnton's appreciation rate has been 1.42%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Mohnton were at 1.28%, which equates to an annual appreciation rate of 5.21%.

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

Average Home Values

 

Median Home Value:
$176,255

Mohnton, PA HOME PRICES

Value Range
> $1,025,000 1.1
$769,001 - $1,025,000 0.0
$512,001 - $769,000 0.9
$410,001 - $512,000 0.9
$307,001 - $410,000 2.0
$205,001 - $307,000 28.6
$102,001 - $205,000 46.7
$51,001 - $102,000 18.9
$0 - $51,000 0.8

High for PA
High for Nation

Value Relative to Nation Value Relative to State
39.5230282432908 29.2753623188406

Number Of Homes And Apartments:
1,303

Mohnton 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
32.34% 1.64% 3 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$893 / per month

Homeownership Rate

Homeownership
Owners 71.72
Renters 28.28
Vacant 3.19

Housing Market Details

 

Age of Homes

AGE OF Mohnton HOMES
2000 or Newer 5.4
1970 - 1999 35.8
1940 - 1969 14.0
1939 or Older 44.8

Types of Homes

TYPE OF Mohnton HOMES
Single-Family 55.3
Townhomes 17.5
Small Apt. Buildings 13.5
Apt. Complexes 13.7
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Mohnton HOMES
No Bedroom 0.37
1 Bedroom 17.01
2 Bedrooms 17.98
3 Bedrooms 39.52
4 Bedrooms 22.44
5 or more bedrooms 2.67