Monroeville, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Monroeville, 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

Monroeville Housing Market Information

With 28,176 people, 12,500 houses or apartments, and a median cost of homes of $130,524, house prices in Monroeville are solidly below the national average.

Single-family detached homes are the single most common housing type in Monroeville, accounting for 66.80% of the city's housing units. Other types of housing that are prevalent in Monroeville include large apartment complexes or high rise apartments ( 25.55%), row houses and other attached homes ( 6.07%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.29%).

The most prevalent building size and type in Monroeville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 63.85% owning and 36.15% 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. Monroeville's housing was primarily built during this period, from the '40s through the '60s. A full 51.44% of the city's housing hails from this era. Other housing ages represented in Monroeville include homes built between 1970-1999 ( 38.71%) and housing constructed before 1939 ( 5.93%). There's also some housing in Monroeville built between 2000 and later ( 3.92%).

Monroeville Home Appreciation Rates

Appreciation rates for homes in Monroeville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 6.95%, which ranks in the top 40% nationwide. This equates to an annual average Monroeville house appreciation rate of 0.67%.

NeighborhoodScout's data show that during the latest twelve months, Monroeville's appreciation rate, at 3.36%, has been at or slightly above the national average. In the latest quarter, Monroeville's appreciation rate has been -0.41%, which annualizes to a rate of -1.65%.

Relative to Pennsylvania, our data show that Monroeville's latest annual appreciation rate is higher than 70% of the other cities and towns in Pennsylvania.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Monroeville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Monroeville - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Monroeville real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$130,524

Monroeville, PA HOME PRICES

Value Range
> $1,081,000 0.0
$811,001 - $1,081,000 0.2
$540,001 - $811,000 0.5
$433,001 - $540,000 0.8
$324,001 - $433,000 4.1
$216,001 - $324,000 11.3
$108,001 - $216,000 56.1
$54,001 - $108,000 23.4
$0 - $54,000 3.5

Average for PA
Average for Nation

Value Relative to Nation Value Relative to State
59.5745927575296 55.6521739130435

Number Of Homes And Apartments:
12,500

Monroeville 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
31.04% 1.58% 2 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,098 / per month

Homeownership Rate

Homeownership
Owners 63.85
Renters 36.15
Vacant 7.54

Housing Market Details

 

Age of Homes

AGE OF Monroeville HOMES
2000 or Newer 3.9
1970 - 1999 38.7
1940 - 1969 51.4
1939 or Older 5.9

Types of Homes

TYPE OF Monroeville HOMES
Single-Family 66.8
Townhomes 6.1
Small Apt. Buildings 1.3
Apt. Complexes 25.5
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Monroeville HOMES
No Bedroom 3.20
1 Bedroom 12.80
2 Bedrooms 22.51
3 Bedrooms 41.21
4 Bedrooms 17.90
5 or more bedrooms 2.39