Montoursville, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Montoursville, 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

Montoursville Housing Market Information

With 4,549 people, 2,021 houses or apartments, and a median cost of homes of $150,345, Montoursville real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Montoursville, accounting for 77.56% of the borough's housing units. Other types of housing that are prevalent in Montoursville include row houses and other attached homes ( 7.82%), duplexes, homes converted to apartments or other small apartment buildings ( 7.68%), and a few large apartment complexes or high rise apartments ( 6.94%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Montoursville. Owner-occupied housing accounts for 70.58% of Montoursville's homes, and 57.96% 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. Montoursville's housing was primarily built during this period, from the '40s through the '60s. A full 58.10% of the borough's housing hails from this era. Other housing ages represented in Montoursville include homes built before 1939 ( 27.05%) and housing constructed between 1970-1999 ( 10.52%). There's also some housing in Montoursville built between 2000 and later ( 4.33%).

Montoursville Home Appreciation Rates

In the last 10 years, Montoursville has experienced some of the highest home appreciation rates of any community in the nation. Montoursville real estate appreciated 15.47% over the last ten years, which is an average annual home appreciation rate of 1.45%, putting Montoursville in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Montoursville 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, Montoursville appreciation rates have trailed the rest of the nation. In the last twelve months, Montoursville's appreciation rate has been -6.27%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Montoursville were at -4.78%, which equates to an annual appreciation rate of -17.78%.

Notably, Montoursville's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Pennsylvania, our data show that Montoursville's latest annual appreciation rate is lower than 90% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$150,345

Montoursville 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
47.48% 2.28% 6 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$894 / per month

Homeownership Rate

Homeownership
Owners 70.58
Renters 29.42
Vacant 5.91

Housing Market Details

 

Age of Homes

AGE OF Montoursville HOMES
2000 or Newer 4.3
1970 - 1999 10.5
1940 - 1969 58.1
1939 or Older 27.0

Types of Homes

TYPE OF Montoursville HOMES
Single-Family 77.6
Townhomes 7.8
Small Apt. Buildings 7.7
Apt. Complexes 6.9
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Montoursville HOMES
No Bedroom 0.00
1 Bedroom 7.54
2 Bedrooms 29.75
3 Bedrooms 38.55
4 Bedrooms 19.41
5 or more bedrooms 4.75