Mount Pleasant, PA Real Estate Market
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 Q2 2024. Updated quarterly.
- Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
Mount Pleasant, PA Housing Market Trends
With 4,184 people, 2,041 houses or apartments, and a median cost of homes of $141,265, house prices in Mount Pleasant 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 Mount Pleasant, accounting for 70.31% of the borough's housing units. Other types of housing that are prevalent in Mount Pleasant include duplexes, homes converted to apartments or other small apartment buildings ( 16.67%), large apartment complexes or high rise apartments ( 10.60%), and a few row houses and other attached homes ( 2.43%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Mount Pleasant. Owner-occupied housing accounts for 65.35% of Mount Pleasant's homes, and 50.45% 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. Mount Pleasant's housing was primarily built during this period, from the '40s through the '60s. A full 42.50% of the borough's housing hails from this era. Other housing ages represented in Mount Pleasant include homes built before 1939 ( 35.67%) and housing constructed between 1970-1999 ( 20.04%). There's also some housing in Mount Pleasant built between 2000 and later ( 1.80%).
Mount Pleasant Home Appreciation Rates
Some of the lowest real estate appreciation rates in America over the last ten years have been in Mount Pleasant, where house values have increased just 49.24%, which is annualized rate of 4.08%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Over the last year, Mount Pleasant appreciation rates have trailed the rest of the nation. In the last twelve months, Mount Pleasant's appreciation rate has been 1.81%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Mount Pleasant were at 1.11%, which equates to an annual appreciation rate of 4.51%.
Relative to Pennsylvania, our data show that Mount Pleasant'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 borough. Individual neighborhoods within Mount Pleasant differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Mount Pleasant - 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 Mount Pleasant real estate investment or home purchase decisions.
Median Home Value
$141,265
Very Low
for Pennsylvania
Very Low
for nation
Number of Homes And Apartments:
2,041
PA
America
2024 Q1 - 2024 Q2
2023 Q2 - 2024 Q2
2022 Q2 - 2024 Q2
2019 Q2 - 2024 Q2
2014 Q2 - 2024 Q2
2000 Q1 - 2024 Q2
Average Market Rent:
$1,146 / per month