Monaca, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Monaca Neighborhoods Since 2000




Monaca, 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

Monaca Housing Market Information

With a population of 5,649, 2,573 total housing units (homes and apartments), and a median house value of $118,328, 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 75.24% of the borough's housing units. Other types of housing that are prevalent in Monaca include duplexes, homes converted to apartments or other small apartment buildings ( 12.20%), large apartment complexes or high rise apartments ( 9.23%), and a few mobile homes or trailers ( 2.11%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Monaca. Owner-occupied housing accounts for 68.38% of Monaca's homes, and 52.99% have either three or four bedrooms, which is average sized relative to America.

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 46.37% of the borough's housing hails from this era. Other housing ages represented in Monaca include homes built before 1939 ( 32.95%) and housing constructed between 1970-1999 ( 18.96%). There's also some housing in Monaca built between 2000 and later ( 1.72%).

Monaca Home Appreciation Rates

In the last 10 years, Monaca has experienced some of the highest home appreciation rates of any community in the nation. Monaca real estate appreciated 17.61% over the last ten years, which is an average annual home appreciation rate of 1.63%, putting Monaca in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Monaca 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, Monaca appreciation rates have trailed the rest of the nation. In the last twelve months, Monaca's appreciation rate has been -0.78%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Monaca were at -0.41%, which equates to an annual appreciation rate of -1.65%.

Relative to Pennsylvania, our data show that Monaca's latest annual appreciation rate is lower than 80% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$118,328

Monaca, PA HOME PRICES

Value Range
> $1,084,000 1.1
$813,001 - $1,084,000 0.0
$542,001 - $813,000 0.3
$433,001 - $542,000 0.0
$325,001 - $433,000 0.9
$217,001 - $325,000 1.5
$109,001 - $217,000 46.8
$54,001 - $109,000 41.3
$0 - $54,000 8.0

Low for PA
Low for Nation

Value Relative to Nation Value Relative to State
66.4772061408649 63.5748792270531

Number Of Homes And Apartments:
2,573

Monaca 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
40.76% 2.00% 4 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$873 / per month

Homeownership Rate

Homeownership
Owners 68.38
Renters 31.62
Vacant 7.94

Housing Market Details

 

Age of Homes

AGE OF Monaca HOMES
2000 or Newer 1.7
1970 - 1999 19.0
1940 - 1969 46.4
1939 or Older 33.0

Types of Homes

TYPE OF Monaca HOMES
Single-Family 75.2
Townhomes 1.2
Small Apt. Buildings 12.2
Apt. Complexes 9.2
Mobile Homes 2.1
Other 0.0

Home Size

SIZE OF Monaca HOMES
No Bedroom 1.43
1 Bedroom 10.23
2 Bedrooms 33.85
3 Bedrooms 46.23
4 Bedrooms 6.76
5 or more bedrooms 1.50