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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Murrysville, PA Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Murrysville, PA Housing Market Trends

With 20,724 people, 8,182 houses or apartments, and a median cost of homes of $401,566, Murrysville real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Murrysville, accounting for 80.24% of the city's housing units. Other types of housing that are prevalent in Murrysville include row houses and other attached homes ( 9.31%), large apartment complexes or high rise apartments ( 5.47%), and a few mobile homes or trailers ( 3.82%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Murrysville. Owner-occupied housing accounts for 88.82% of Murrysville's homes, and 74.39% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Murrysville 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 Murrysville built between 1940-1969 ( 26.84%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.09%). There's also some housing in Murrysville built before 1939 ( 5.63%).

Murrysville Home Appreciation Rates

Murrysville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Murrysville during the period has been just 4.89%, which is lower than 80% of US communities.

Over the last year, Murrysville appreciation rates have trailed the rest of the nation. In the last twelve months, Murrysville's appreciation rate has been 4.50%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Murrysville were at 1.11%, which equates to an annual appreciation rate of 4.51%.

Relative to Pennsylvania, our data show that Murrysville's latest annual appreciation rate is lower 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 city. Individual neighborhoods within Murrysville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Murrysville - 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 Murrysville real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$401,566

Murrysville, PA Home Prices
> $1,266,000
$950,001 - $1,266,000
$634,001 - $950,000
$507,001 - $634,000
$380,001 - $507,000
$253,001 - $380,000
$126,001 - $253,000
$63,001 - $126,000
$0 - $63,000
3.2%
3.2%
2.3%
2.3%
9.5%
9.5%
10.3%
10.3%
21.9%
21.9%
31.7%
31.7%
15.2%
15.2%
3.6%
3.6%
2.3%
2.3%
0% 100.0%
% of Homes
Very High

for Pennsylvania

High

for nation

Number of Homes And Apartments:

8,182

Murrysville Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,207 / per month

Homeownership Rate

Owners
Renters
88.8%
88.8%
11.2%
11.2%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
4.6%
4.6%
95.4%
95.4%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
18.1%
18.1%
49.4%
49.4%
26.8%
26.8%
5.6%
5.6%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
80.2%
80.2%
9.3%
9.3%
1.2%
1.2%
5.5%
5.5%
3.8%
3.8%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.2%
0.2%
1.7%
1.7%
17.0%
17.0%
33.3%
33.3%
41.0%
41.0%
6.7%
6.7%
0% 100.0%
% of Homes