Mountain Top, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Mountain Top Neighborhoods Since 2000




Mountain Top, 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

Mountain Top Housing Market Information

With 11,013 people, 4,273 houses or apartments, and a median cost of homes of $188,981, Mountain Top real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Mountain Top, accounting for 83.66% of the town's housing units. Other types of housing that are prevalent in Mountain Top include row houses and other attached homes ( 6.26%), duplexes, homes converted to apartments or other small apartment buildings ( 4.27%), and a few mobile homes or trailers ( 4.07%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Mountain Top. Owner-occupied housing accounts for 87.66% of Mountain Top's homes, and 75.35% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Mountain Top built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Mountain Top built between 1940-1969 ( 23.83%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.05%). There's also some housing in Mountain Top built before 1939 ( 11.38%).

Mountain Top Home Appreciation Rates

Real estate appreciation rates in Mountain Top's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.49% during the period.

Over the last year, Mountain Top appreciation rates have trailed the rest of the nation. In the last twelve months, Mountain Top's appreciation rate has been 1.29%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Mountain Top were at 2.13%, which equates to an annual appreciation rate of 8.80%.

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

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

Average Home Values

 

Median Home Value:
$188,981

Mountain Top, PA HOME PRICES

Value Range
> $1,021,000 0.3
$766,001 - $1,021,000 0.3
$511,001 - $766,000 2.3
$408,001 - $511,000 6.3
$307,001 - $408,000 14.0
$204,001 - $307,000 22.3
$102,001 - $204,000 41.9
$51,001 - $102,000 7.3
$0 - $51,000 5.4

High for PA
High for Nation

Value Relative to Nation Value Relative to State
35.181061760225 23.5748792270531

Number Of Homes And Apartments:
4,273

Mountain Top 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
37.33% 1.86% 4 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$711 / per month

Homeownership Rate

Homeownership
Owners 87.66
Renters 12.34
Vacant 2.38

Housing Market Details

 

Age of Homes

AGE OF Mountain Top HOMES
2000 or Newer 18.0
1970 - 1999 46.7
1940 - 1969 23.8
1939 or Older 11.4

Types of Homes

TYPE OF Mountain Top HOMES
Single-Family 83.7
Townhomes 6.3
Small Apt. Buildings 4.3
Apt. Complexes 1.7
Mobile Homes 4.1
Other 0.0

Home Size

SIZE OF Mountain Top HOMES
No Bedroom 0.00
1 Bedroom 5.35
2 Bedrooms 15.58
3 Bedrooms 47.29
4 Bedrooms 28.06
5 or more bedrooms 3.72