Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Mifflin County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Median Home Price | $148,369 | $154,283 | $242,182 |
| Price Trend (Annual %) | 9.1% | 4.4% | 8.2% |
| Median Gross Rent | $791 | $1,161 | $1,342 |
| Rent Trend (Annual %) | 3.2% | 4.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Mifflin County is about 4% lower than in Pennsylvania. Rent is about 32% lower than the Pennsylvania average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Mifflin County, up about 9.1% and 3.2% a year respectively. Home prices are changing faster.
Median rent in Mifflin County rose about 27.9% between 2015 and 2023, from $619 to $791. Over the same span, rent in Pennsylvania rose about 38.3%.
Affordability
On average, housing unit costs 2.4 yearly household incomes in Mifflin County.
Buying the median-priced home in Mifflin County costs roughly 15.6 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Mifflin County. The price-to-rent ratio in Pennsylvania is about 11.1.
| Metric | Mifflin County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Median Home Price | $148,369 | $154,283 | $242,182 |
| Median Household Income | $62,051 | $76,231 | $78,145 |
| Price-to-Income Ratio | 2.4 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Mifflin County rose about 168.7%, while median household income rose about 71.2% between 2009 and 2023 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Mifflin County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 61.7% | 62.8% | 58.2% |
| Rental Rate | 24.6% | 27.8% | 31.3% |
| Vacancy Rate | 13.6% | 9.4% | 10.6% |
| Median Tenure (years) | 18.0 | 17.0 | 15.0 |
| Median Year Moved In | 2008 | 2009 | 2011 |
Mifflin County has a homeownership rate of 61.7%, lower than the Pennsylvania average of 62.8%. Its housing vacancy rate is 13.6%, compared with 9.4% in Pennsylvania.
Housing Stock
| Metric | Mifflin County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.45 people | 2.40 people | 2.54 people |
| Median Structure Built Year | 1961 | 1965 | 1978 |
| Median Number of Rooms | 5.8 | 6.0 | 5.5 |
The typical housing unit in Mifflin County was built around 1961. On average, 2.5 people live in a home with about 5.8 rooms, staying for about 18.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Mifflin County, Pennsylvania.
What is the median home price in Mifflin County, Pennsylvania?
The median home price in Mifflin County, Pennsylvania is $148,369, lower than the Pennsylvania average of $154,283.
What is the average home price in Mifflin County, Pennsylvania?
The typical home price in %s, reported as the median sale price, is %s. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Mifflin County, Pennsylvania?
The median gross rent in Mifflin County, Pennsylvania is $791 per month, lower than the Pennsylvania average of $1,161.
What was the median gross rent in Mifflin County in 2020?
In 2020, the median gross rent in Mifflin County, Pennsylvania was $691 per month.
What is the price-to-rent ratio in Mifflin County, Pennsylvania?
The price-to-rent ratio in Mifflin County, Pennsylvania is about 15.6, meaning it would take roughly 15.6 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Mifflin County.
Are home prices or rent rising faster in Mifflin County, Pennsylvania?
Both home prices and rent are rising in Mifflin County, up about 9.1% and 3.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Mifflin County, Pennsylvania?
61.7% of households in Mifflin County, Pennsylvania own their home, lower than the Pennsylvania average of 62.8%.
What is the vacancy rate in Mifflin County, Pennsylvania?
The housing vacancy rate in Mifflin County, Pennsylvania is 13.6%, higher than the Pennsylvania average of 9.4%.