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 3,470 people, 1,532 houses or apartments, and a median cost of homes of $256,189, house prices in Mifflinburg are solidly below the national average.
Single-family detached homes are the single most common housing type in Mifflinburg, accounting for 59.62% of the borough's housing units. Other types of housing that are prevalent in Mifflinburg include duplexes, homes converted to apartments or other small apartment buildings ( 12.85%), large apartment complexes or high rise apartments ( 10.57%), and a few mobile homes or trailers ( 8.62%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Mifflinburg. Owner-occupied housing accounts for 65.67% of Mifflinburg's homes, and 56.54% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Mifflinburg 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 Mifflinburg built before 1939 ( 31.58%). A lesser amount of the housing stock also hails from between 1940-1969 ( 23.93%). There's also some housing in Mifflinburg built between 2000 and later ( 9.14%).
Vacant housing appears to be an issue in Mifflinburg. Fully 12.51% of the housing stock is classified as vacant. Left unchecked, vacant Mifflinburg homes and apartments can be a drag on the real estate market, holding Mifflinburg 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 Mifflinburg, where house values have increased just 54.64%, which is annualized rate of 4.46%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Appreciation rates are so strong in Mifflinburg that despite a nationwide downturn in the housing market, Mifflinburg real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Mifflinburg appreciation rates continue to be some of the highest in America, at 4.76%, which is higher than appreciation rates in 70.67% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Mifflinburg. Mifflinburg appreciation rates in the latest quarter were at -1.21%, which equates to an annual appreciation rate of -4.76%.
Notably, Mifflinburg's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Pennsylvania, our data show that Mifflinburg's latest annual appreciation rate is higher than 50% of the other cities and towns in Pennsylvania.
$256,189
for Pennsylvania
for nation
1,532
$1,422 / per month