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 12,998, 4,726 total housing units (homes and apartments), and a median house value of $565,427, Montgomeryville house prices are not only among the most expensive in Pennsylvania, Montgomeryville real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in Montgomeryville, accounting for 56.87% of the town's housing units. Other types of housing that are prevalent in Montgomeryville include row houses and other attached homes ( 35.16%), large apartment complexes or high rise apartments ( 7.07%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Montgomeryville. Owner-occupied housing accounts for 91.00% of Montgomeryville's homes, and 79.85% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Montgomeryville 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 Montgomeryville built between 1940-1969 ( 16.36%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.09%). There's also some housing in Montgomeryville built before 1939 ( 1.09%).
Real estate appreciation rates in Montgomeryville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.98% during the period.
Appreciation rates are so strong in Montgomeryville that despite a nationwide downturn in the housing market, Montgomeryville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Montgomeryville appreciation rates continue to be some of the highest in America, at 8.51%, which is higher than appreciation rates in 75.69% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Montgomeryville. Montgomeryville appreciation rates in the latest quarter were at 1.44%, which equates to an annual appreciation rate of 5.90%.
Relative to Pennsylvania, our data show that Montgomeryville's latest annual appreciation rate is higher than 70% of the other cities and towns in Pennsylvania.
$565,427
for Pennsylvania
for nation
4,726
$3,600 / per month