Montoursville, 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 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

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

Montoursville, PA Housing Market Trends

With 4,399 people, 1,829 houses or apartments, and a median cost of homes of $185,350, 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 78.29% of the borough's housing units. Other types of housing that are prevalent in Montoursville include row houses and other attached homes ( 8.04%), duplexes, homes converted to apartments or other small apartment buildings ( 6.42%), and a few large apartment complexes or high rise apartments ( 6.26%).

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 71.80% of Montoursville's homes, and 67.80% 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 58.77% of the borough's housing hails from this era. Other housing ages represented in Montoursville include homes built before 1939 ( 21.03%) and housing constructed between 1970-1999 ( 15.03%). There's also some housing in Montoursville built between 2000 and later ( 5.17%).

Montoursville Home Appreciation Rates

Real estate appreciation rates in Montoursville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 2.14% during the period.

Appreciation rates are so strong in Montoursville that despite a nationwide downturn in the housing market, Montoursville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Montoursville appreciation rates continue to be some of the highest in America, at 7.90%, which is higher than appreciation rates in 95.29% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Montoursville. Montoursville appreciation rates in the latest quarter were at 4.10%, which equates to an annual appreciation rate of 17.42%.

Importantly, this makes Montoursville one of the highest appreciating communities in the nation for the latest quarter, and may signal the borough's near-future real estate investment strength.

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

Average Home Values

 

Median Home Value:
$185,350

Montoursville, PA HOME PRICES

> $1,104,000
0.0%
0.0%
$828,001 - $1,104,000
0.0%
0.0%
$552,001 - $828,000
0.0%
0.0%
$441,001 - $552,000
0.9%
0.9%
$331,001 - $441,000
4.0%
4.0%
$221,001 - $331,000
26.1%
26.1%
$110,001 - $221,000
57.4%
57.4%
$55,001 - $110,000
10.6%
10.6%
$0 - $55,000
1.0%
1.0%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

Average for PA

Value Relative To Nation

Number Of Homes And Apartments:
1,829

Montoursville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
67.23% 2.48%
5
5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,290 / per month

Homeownership Rate

Owners
71.8%
71.8%
Renters
28.2%
28.2%
Vacant
4.5%
4.5%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
5.2%
5.2%
1970 - 1999
15.0%
15.0%
1940 - 1969
58.8%
58.8%
1939 or Older
21.0%
21.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
78.3%
78.3%
Townhomes
8.0%
8.0%
Small Apt. Buildings
6.4%
6.4%
Apt. Complexes
6.3%
6.3%
Mobile Homes
1.0%
1.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.0%
0.0%
1 Bedroom
7.4%
7.4%
2 Bedrooms
17.8%
17.8%
3 Bedrooms
48.5%
48.5%
4 Bedrooms
19.3%
19.3%
5 or more bedrooms
7.0%
7.0%
0.0% 100.0%
% OF HOMES