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 2,914 people, 1,136 houses or apartments, and a median cost of homes of $291,950, Mohnton real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Mohnton, accounting for 54.69% of the borough's housing units. Other types of housing that are prevalent in Mohnton include row houses and other attached homes ( 15.81%), large apartment complexes or high rise apartments ( 14.88%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 14.62%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Mohnton. Owner-occupied housing accounts for 65.78% of Mohnton's homes, and 54.18% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Mohnton 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 Mohnton built before 1939 ( 32.21%). A lesser amount of the housing stock also hails from between 1940-1969 ( 14.20%). There's also some housing in Mohnton built between 2000 and later ( 4.48%).
Real estate appreciation rates in Mohnton's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.09% during the period.
Appreciation rates are so strong in Mohnton that despite a nationwide downturn in the housing market, Mohnton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Mohnton appreciation rates continue to be some of the highest in America, at 12.03%, which is higher than appreciation rates in 93.69% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Mohnton. Mohnton appreciation rates in the latest quarter were at 2.89%, which equates to an annual appreciation rate of 12.07%.
Relative to Pennsylvania, our data show that Mohnton's latest annual appreciation rate is higher than 90% of the other cities and towns in Pennsylvania.
$291,950
for Pennsylvania
for nation
1,136
$1,497 / per month