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 a population of 2,029, 222 total housing units (homes and apartments), and a median house value of $172,518, house prices in McDonald are solidly below the national average.
Single-family detached homes are the single most common housing type in McDonald, accounting for 91.38% of the borough's housing units. Other types of housing that are prevalent in McDonald include duplexes, homes converted to apartments or other small apartment buildings ( 7.24%), large apartment complexes or high rise apartments ( 1.38%).
Dwellings in McDonald tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 55.86% of the homes in McDonald have two or fewer bedrooms.
The housing in McDonald was primarily built before 1939 ( 80.00%), making the housing stock in McDonald some of the oldest overall in America, although there is a range of ages of homes in McDonald. The next most important housing age is between 1940-1969 ( 14.48%), followed by between 1970-1999 ( 5.52%).
Vacant housing appears to be an issue in McDonald. Fully 23.45% of the housing stock is classified as vacant. Left unchecked, vacant McDonald homes and apartments can be a drag on the real estate market, holding McDonald 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 McDonald, where house values have increased just 54.82%, which is annualized rate of 4.47%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Over the last year, McDonald appreciation rates have trailed the rest of the nation. In the last twelve months, McDonald's appreciation rate has been 2.88%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in McDonald were at 1.11%, which equates to an annual appreciation rate of 4.51%.
Relative to Pennsylvania, our data show that McDonald's latest annual appreciation rate is lower than 80% of the other cities and towns in Pennsylvania.
$172,518
for Pennsylvania
for nation
222
$1,422 / per month