Monongahela, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Monongahela Neighborhoods Since 2000




Monongahela, 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

Monongahela Housing Market Information

With 4,192 people, 1,715 houses or apartments, and a median cost of homes of $78,063, house prices in Monongahela are some of the most affordable in Pennsylvania as well as the nation.

Single-family detached homes are the single most common housing type in Monongahela, accounting for 69.83% of the city's housing units. Other types of housing that are prevalent in Monongahela include duplexes, homes converted to apartments or other small apartment buildings ( 14.14%), large apartment complexes or high rise apartments ( 9.08%), and a few row houses and other attached homes ( 5.77%).

The most prevalent building size and type in Monongahela are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 64.21% owning and 35.79% renting.

The housing in Monongahela was primarily built before 1939 ( 52.29%), making the housing stock in Monongahela some of the oldest overall in America, although there is a range of ages of homes in Monongahela. The next most important housing age is between 1940-1969 ( 37.30%), followed by between 1970-1999 ( 9.46%).

Vacant housing appears to be an issue in Monongahela. Fully 18.91% of the housing stock is classified as vacant. Left unchecked, vacant Monongahela homes and apartments can be a drag on the real estate market, holding Monongahela 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.

Monongahela Home Appreciation Rates

Appreciation rates for homes in Monongahela have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 10.83%, which ranks in the top 30% nationwide. This equates to an annual average Monongahela house appreciation rate of 1.03%.

Over the last year, Monongahela appreciation rates have trailed the rest of the nation. In the last twelve months, Monongahela's appreciation rate has been -0.97%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Monongahela were at -0.41%, which equates to an annual appreciation rate of -1.65%.

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

Average Home Values

 

Median Home Value:
$78,063

Monongahela, PA HOME PRICES

Value Range
> $1,055,000 0.0
$791,001 - $1,055,000 0.0
$527,001 - $791,000 0.0
$422,001 - $527,000 0.0
$316,001 - $422,000 2.4
$211,001 - $316,000 6.9
$106,001 - $211,000 23.4
$53,001 - $106,000 48.1
$0 - $53,000 19.2

Very Low for PA
Very Low for Nation

Value Relative to Nation Value Relative to State
91.6910816828782 89.5652173913044

Number Of Homes And Apartments:
1,715

Monongahela 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
34.38% 1.73% 3 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$769 / per month

Homeownership Rate

Homeownership
Owners 64.21
Renters 35.79
Vacant 18.91

Housing Market Details

 

Age of Homes

AGE OF Monongahela HOMES
2000 or Newer 0.9
1970 - 1999 9.5
1940 - 1969 37.3
1939 or Older 52.3

Types of Homes

TYPE OF Monongahela HOMES
Single-Family 69.8
Townhomes 5.8
Small Apt. Buildings 14.1
Apt. Complexes 9.1
Mobile Homes 1.2
Other 0.0

Home Size

SIZE OF Monongahela HOMES
No Bedroom 1.18
1 Bedroom 15.89
2 Bedrooms 30.07
3 Bedrooms 41.42
4 Bedrooms 9.55
5 or more bedrooms 1.89