Munhall, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Munhall Neighborhoods Since 2000




Munhall, 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

Munhall Housing Market Information

With 11,247 people, 5,096 houses or apartments, and a median cost of homes of $85,651, house prices in Munhall 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 Munhall, accounting for 65.33% of the borough's housing units. Other types of housing that are prevalent in Munhall include large apartment complexes or high rise apartments ( 15.88%), duplexes, homes converted to apartments or other small apartment buildings ( 11.62%), and a few row houses and other attached homes ( 6.85%).

People in Munhall primarily live in small (one, two or no bedroom) single-family detached homes. Munhall has a mixture of owner-occupied and renter-occupied housing.

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. Munhall's housing was primarily built during this period, from the '40s through the '60s. A full 50.88% of the borough's housing hails from this era. Other housing ages represented in Munhall include homes built before 1939 ( 36.73%) and housing constructed between 1970-1999 ( 7.87%). There's also some housing in Munhall built between 2000 and later ( 4.52%).

Vacant housing appears to be an issue in Munhall. Fully 10.28% of the housing stock is classified as vacant. Left unchecked, vacant Munhall homes and apartments can be a drag on the real estate market, holding Munhall 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.

Munhall Home Appreciation Rates

Real estate appreciation rates in Munhall's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.05% during the period.

Over the last year, Munhall appreciation rates have trailed the rest of the nation. In the last twelve months, Munhall's appreciation rate has been -3.75%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Munhall were at -0.41%, which equates to an annual appreciation rate of -1.65%.

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

Average Home Values

 

Median Home Value:
$85,651

Munhall, PA HOME PRICES

Value Range
> $1,015,000 0.0
$761,001 - $1,015,000 0.2
$507,001 - $761,000 0.0
$406,001 - $507,000 0.0
$305,001 - $406,000 0.0
$203,001 - $305,000 1.3
$101,001 - $203,000 26.3
$51,001 - $101,000 53.5
$0 - $51,000 18.7

Very Low for PA
Very Low for Nation

Value Relative to Nation Value Relative to State
86.9858197585843 85.5072463768116

Number Of Homes And Apartments:
5,096

Munhall 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
13.07% 0.71% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$602 / per month

Homeownership Rate

Homeownership
Owners 63.16
Renters 36.84
Vacant 10.28

Housing Market Details

 

Age of Homes

AGE OF Munhall HOMES
2000 or Newer 4.5
1970 - 1999 7.9
1940 - 1969 50.9
1939 or Older 36.7

Types of Homes

TYPE OF Munhall HOMES
Single-Family 65.3
Townhomes 6.8
Small Apt. Buildings 11.6
Apt. Complexes 15.9
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Munhall HOMES
No Bedroom 4.03
1 Bedroom 12.52
2 Bedrooms 33.75
3 Bedrooms 38.24
4 Bedrooms 8.63
5 or more bedrooms 2.83