West Mifflin, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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West Mifflin, 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

West Mifflin Housing Market Information

With a population of 20,075, 8,626 total housing units (homes and apartments), and a median house value of $92,960, house prices in West Mifflin 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 West Mifflin, accounting for 79.69% of the borough's housing units. Other types of housing that are prevalent in West Mifflin include large apartment complexes or high rise apartments ( 9.22%), row houses and other attached homes ( 4.83%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.15%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in West Mifflin. Owner-occupied housing accounts for 77.34% of West Mifflin's homes, and 59.50% 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. West Mifflin's housing was primarily built during this period, from the '40s through the '60s. A full 67.23% of the borough's housing hails from this era. Other housing ages represented in West Mifflin include homes built between 1970-1999 ( 16.28%) and housing constructed before 1939 ( 15.27%). There's also some housing in West Mifflin built between 2000 and later ( 1.23%).

Vacant housing appears to be an issue in West Mifflin. Fully 10.40% of the housing stock is classified as vacant. Left unchecked, vacant West Mifflin homes and apartments can be a drag on the real estate market, holding West Mifflin 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.

West Mifflin Home Appreciation Rates

Appreciation rates for homes in West Mifflin have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 3.72%, which ranks in the top 50% nationwide. This equates to an annual average West Mifflin house appreciation rate of 0.37%.

NeighborhoodScout's data show that during the latest twelve months, West Mifflin's appreciation rate, at 4.45%, has been at or slightly above the national average. In the latest quarter, West Mifflin's appreciation rate has been -0.41%, which annualizes to a rate of -1.65%.

Relative to Pennsylvania, our data show that West Mifflin's latest annual appreciation rate is higher 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 borough. Individual neighborhoods within West Mifflin differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in West Mifflin - 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 West Mifflin real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$92,960

West Mifflin, PA HOME PRICES

Value Range
> $1,079,000 0.1
$810,001 - $1,079,000 0.5
$540,001 - $810,000 0.2
$432,001 - $540,000 0.0
$324,001 - $432,000 0.6
$216,001 - $324,000 4.5
$108,001 - $216,000 32.6
$54,001 - $108,000 51.6
$0 - $54,000 9.9

Very Low for PA
Very Low for Nation

Value Relative to Nation Value Relative to State
82.0696120942224 80.4830917874396

Number Of Homes And Apartments:
8,626

West Mifflin 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
22.31% 1.17% 1 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$646 / per month

Homeownership Rate

Homeownership
Owners 77.34
Renters 22.66
Vacant 10.40

Housing Market Details

 

Age of Homes

AGE OF West Mifflin HOMES
2000 or Newer 1.2
1970 - 1999 16.3
1940 - 1969 67.2
1939 or Older 15.3

Types of Homes

TYPE OF West Mifflin HOMES
Single-Family 79.7
Townhomes 4.8
Small Apt. Buildings 3.1
Apt. Complexes 9.2
Mobile Homes 3.1
Other 0.0

Home Size

SIZE OF West Mifflin HOMES
No Bedroom 0.33
1 Bedroom 7.53
2 Bedrooms 30.65
3 Bedrooms 49.26
4 Bedrooms 10.24
5 or more bedrooms 1.98