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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Monaca, PA Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Monaca, PA Housing Market Trends

With a population of 5,504, 2,418 total housing units (homes and apartments), and a median house value of $177,564, house prices in Monaca are solidly below the national average.

Single-family detached homes are the single most common housing type in Monaca, accounting for 76.91% of the borough's housing units. Other types of housing that are prevalent in Monaca include large apartment complexes or high rise apartments ( 10.96%), duplexes, homes converted to apartments or other small apartment buildings ( 10.23%), and a few row houses and other attached homes ( 1.91%).

The most prevalent building size and type in Monaca are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 60.89% owning and 39.11% renting.

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. Monaca's housing was primarily built during this period, from the '40s through the '60s. A full 40.51% of the borough's housing hails from this era. Other housing ages represented in Monaca include homes built before 1939 ( 35.26%) and housing constructed between 1970-1999 ( 21.96%). There's also some housing in Monaca built between 2000 and later ( 2.27%).

Vacant housing appears to be an issue in Monaca. Fully 11.36% of the housing stock is classified as vacant. Left unchecked, vacant Monaca homes and apartments can be a drag on the real estate market, holding Monaca 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.

Monaca Home Appreciation Rates

Monaca's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Monaca during the period has been just 4.68%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Monaca's appreciation rate, at 5.71%, has been at or slightly above the national average. In the latest quarter, Monaca's appreciation rate has been 0.00%, which annualizes to a rate of 0.00%.

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

Average Home Values

Median Home Value

$177,564

Monaca, PA Home Prices
> $1,222,000
$917,001 - $1,222,000
$611,001 - $917,000
$489,001 - $611,000
$367,001 - $489,000
$245,001 - $367,000
$122,001 - $245,000
$61,001 - $122,000
$0 - $61,000
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.5%
0.5%
4.1%
4.1%
20.6%
20.6%
49.4%
49.4%
23.6%
23.6%
1.8%
1.8%
0% 100.0%
% of Homes
Low

for Pennsylvania

Low

for nation

Number of Homes And Apartments:

2,418

Monaca Appreciation Rates

Rent & Ownership

Average Market Rent:

$987 / per month

Homeownership Rate

Owners
Renters
60.9%
60.9%
39.1%
39.1%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
11.4%
11.4%
88.6%
88.6%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
2.3%
2.3%
22.0%
22.0%
40.5%
40.5%
35.3%
35.3%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
76.9%
76.9%
1.9%
1.9%
10.2%
10.2%
11.0%
11.0%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.3%
1.3%
16.2%
16.2%
25.0%
25.0%
45.4%
45.4%
9.5%
9.5%
2.6%
2.6%
0% 100.0%
% of Homes