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 9,634, 4,182 total housing units (homes and apartments), and a median house value of $325,963, Mechanicsburg real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Mechanicsburg, accounting for 56.19% of the borough's housing units. Other types of housing that are prevalent in Mechanicsburg include duplexes, homes converted to apartments or other small apartment buildings ( 19.14%), row houses and other attached homes ( 15.80%), and a few large apartment complexes or high rise apartments ( 8.51%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Mechanicsburg. Owner-occupied housing accounts for 67.55% of Mechanicsburg's homes, and 60.18% have either three or four bedrooms, which is average sized relative to America.
The housing in Mechanicsburg was primarily built before 1939 ( 38.57%), making the housing stock in Mechanicsburg some of the oldest overall in America, although there is a range of ages of homes in Mechanicsburg. The next most important housing age is between 1940-1969 ( 28.65%), followed by between 1970-1999 ( 27.79%). There's also some housing in Mechanicsburg built between 2000 and later ( 4.99%).
Mechanicsburg's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Mechanicsburg during the period has been just 5.53%, which is lower than 70% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Mechanicsburg's appreciation rate, at 6.09%, has been at or slightly above the national average. In the latest quarter, Mechanicsburg's appreciation rate has been 4.20%, which annualizes to a rate of 17.87%.
Importantly, this makes Mechanicsburg 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 Mechanicsburg's latest annual appreciation rate is lower than 60% 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 Mechanicsburg differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Mechanicsburg - 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 Mechanicsburg real estate investment or home purchase decisions.
$325,963
$1,707 / per month