Murrysville, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Murrysville Neighborhoods Since 2000




Murrysville, 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

Murrysville Housing Market Information

With 20,134 people, 7,899 houses or apartments, and a median cost of homes of $243,484, Murrysville real estate is some of the most expensive in Pennsylvania, although Murrysville home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Murrysville, accounting for 80.76% of the city's housing units. Other types of housing that are prevalent in Murrysville include row houses and other attached homes ( 8.90%), large apartment complexes or high rise apartments ( 6.09%), and a few mobile homes or trailers ( 2.95%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Murrysville. Owner-occupied housing accounts for 87.82% of Murrysville's homes, and 74.44% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Murrysville 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 Murrysville built between 1940-1969 ( 28.22%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.34%). There's also some housing in Murrysville built before 1939 ( 7.95%).

Murrysville Home Appreciation Rates

Appreciation rates for homes in Murrysville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 7.88%, which ranks in the top 40% nationwide. This equates to an annual average Murrysville house appreciation rate of 0.76%.

Over the last year, Murrysville appreciation rates have trailed the rest of the nation. In the last twelve months, Murrysville's appreciation rate has been 0.06%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Murrysville were at -0.41%, which equates to an annual appreciation rate of -1.65%.

Relative to Pennsylvania, our data show that Murrysville's latest annual appreciation rate is lower than 80% 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 Murrysville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Murrysville - 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 Murrysville real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$243,484

Murrysville, PA HOME PRICES

Value Range
> $1,066,000 0.2
$799,001 - $1,066,000 0.3
$533,001 - $799,000 5.6
$426,001 - $533,000 4.6
$320,001 - $426,000 13.6
$213,001 - $320,000 31.7
$106,001 - $213,000 32.1
$53,001 - $106,000 7.7
$0 - $53,000 4.3

Very High for PA
High for Nation

Value Relative to Nation Value Relative to State
23.5028712059065 12.6570048309179

Number Of Homes And Apartments:
7,899

Murrysville 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
32.63% 1.65% 3 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$918 / per month

Homeownership Rate

Homeownership
Owners 87.82
Renters 12.18
Vacant 6.27

Housing Market Details

 

Age of Homes

AGE OF Murrysville HOMES
2000 or Newer 13.3
1970 - 1999 50.5
1940 - 1969 28.2
1939 or Older 8.0

Types of Homes

TYPE OF Murrysville HOMES
Single-Family 80.8
Townhomes 8.9
Small Apt. Buildings 1.3
Apt. Complexes 6.1
Mobile Homes 3.0
Other 0.0

Home Size

SIZE OF Murrysville HOMES
No Bedroom 0.91
1 Bedroom 3.20
2 Bedrooms 15.55
3 Bedrooms 37.91
4 Bedrooms 36.53
5 or more bedrooms 5.90