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 3,238 people, 1,448 houses or apartments, and a median cost of homes of $342,428, Macungie real estate prices are well above average cost compared to national prices.
Row houses and other attached homes are the single most common housing type in Macungie, accounting for 41.82% of the borough's housing units. Other types of housing that are prevalent in Macungie include single-family detached homes ( 25.73%), large apartment complexes or high rise apartments ( 20.28%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 12.17%). Boroughs that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of boroughs are often walkable and compact, and often have a lively downtown.
The most prevalent building size and type in Macungie are three and four bedroom dwellings, chiefly found in row houses and other attached homes. The borough has a mixture of owners and renters, with 43.85% owning and 56.15% renting.
There is a lot of housing in Macungie 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 Macungie built before 1939 ( 16.95%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.57%). There's also some housing in Macungie built between 1940-1969 ( 9.31%).
Real estate appreciation rates in Macungie's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.15% during the period.
NeighborhoodScout's data show that during the latest twelve months, Macungie's appreciation rate, at 7.94%, has been at or slightly above the national average. In the latest quarter, Macungie's appreciation rate has been 4.93%, which annualizes to a rate of 21.23%.
Importantly, this makes Macungie one of the highest appreciating communities in the nation for the latest quarter, and may signal the borough's near-future real estate investment strength.
Relative to Pennsylvania, our data show that Macungie's latest annual appreciation rate is higher than 70% 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 Macungie differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Macungie - 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 Macungie real estate investment or home purchase decisions.
$342,428
for Pennsylvania
for nation
1,448
$2,660 / per month