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 4,072 people, 1,931 houses or apartments, and a median cost of homes of $125,744, 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 73.61% 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 ( 12.57%), row houses and other attached homes ( 6.13%), and a few large apartment complexes or high rise apartments ( 5.95%).
Dwellings in Monongahela tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 53.09% of the homes in Monongahela have two or fewer bedrooms.
The housing in Monongahela was primarily built before 1939 ( 52.24%), 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 ( 38.83%), followed by between 1970-1999 ( 6.80%). There's also some housing in Monongahela built between 2000 and later ( 2.13%).
Vacant housing appears to be an issue in Monongahela. Fully 14.22% 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 56.30%, which is annualized rate of 4.57%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
NeighborhoodScout's data show that during the latest twelve months, Monongahela's appreciation rate, at 3.71%, has been at or slightly above the national average. In the latest quarter, Monongahela's appreciation rate has been -0.86%, which annualizes to a rate of -3.39%.
Notably, Monongahela's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Pennsylvania, our data show that Monongahela's latest annual appreciation rate is lower than 60% of the other cities and towns in Pennsylvania.
$125,744
for Pennsylvania
for nation
1,931
$1,076 / per month