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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 4,108 people, 1,932 houses or apartments, and a median cost of homes of $119,923, house prices in Monongahela 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 Monongahela, accounting for 73.94% of the city's housing units. Other types of housing that are prevalent in Monongahela include duplexes, homes converted to apartments or other small apartment buildings ( 10.59%), row houses and other attached homes ( 8.24%), and a few large apartment complexes or high rise apartments ( 4.79%).
Dwellings in Monongahela tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 50.55% of the homes in Monongahela have two or fewer bedrooms.
The housing in Monongahela was primarily built before 1939 ( 56.58%), making the housing stock in Monongahela some of the oldest overall in America, although there is a range of ages of homes in Monongahela. The next most important housing age is between 1940-1969 ( 33.66%), followed by between 1970-1999 ( 9.39%).
Vacant housing appears to be an issue in Monongahela. Fully 11.05% of the housing stock is classified as vacant. Left unchecked, vacant Monongahela homes and apartments can be a drag on the real estate market, holding Monongahela 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.
Some of the lowest real estate appreciation rates in America over the last ten years have been in Monongahela, where house values have increased just 54.47%, which is annualized rate of 4.44%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Over the last year, Monongahela appreciation rates have trailed the rest of the nation. In the last twelve months, Monongahela's appreciation rate has been -0.34%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Monongahela were at 1.11%, which equates to an annual appreciation rate of 4.51%.
Relative to Pennsylvania, our data show that Monongahela's latest annual appreciation rate is lower than 90% of the other cities and towns in Pennsylvania.
$119,923
for Pennsylvania
for nation
1,932
$1,252 / per month