Monroeville, Pennsylvania Housing Market Prices
Monroeville Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 72% above the Pennsylvania median$261,951
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Median rent 3% below the Pennsylvania median$1,174
Housing Market Overview
| Metric | Monroeville | Pennsylvania Avg | US Average |
|---|---|---|---|
| Median Home Price | $261,951 | $152,469 | $248,835 |
| Price Trend (Annual %) | 14.6% | 3.7% | 7.5% |
| Median Gross Rent | $1,174 | $1,208 | $1,407 |
| Rent Trend (Annual %) | 3.6% | 4.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Monroeville is about 72% higher than in Pennsylvania. Rent is about 3% lower than the Pennsylvania average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Monroeville, up about 14.6% and 3.6% a year respectively. Home prices are changing faster.
Median rent in Monroeville rose about 32.3% between 2015 and 2024, from $888 to $1,174. Over the same span, rent in Pennsylvania rose about 43.9%.
Affordability
On average, housing unit costs 3.3 yearly household incomes in Monroeville.
Buying the median-priced home in Monroeville costs roughly 18.6 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 Monroeville. The price-to-rent ratio in Pennsylvania is about 10.5.
| Metric | Monroeville | Pennsylvania Avg | US Average |
|---|---|---|---|
| Median Home Price | $261,951 | $152,469 | $248,835 |
| Median Household Income | $79,183 | $78,249 | $80,455 |
| Price-to-Income Ratio | 3.3 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Monroeville rose about 104.2%, while median household income rose about 33.3% between 2009 and 2025 — 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 | Monroeville | Pennsylvania Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 62.4% | 63.0% | 58.5% |
| Rental Rate | 28.5% | 27.9% | 31.2% |
| Vacancy Rate | 9.1% | 9.1% | 10.2% |
| Median Tenure (years) | 17.0 | 17.0 | 15.0 |
| Median Year Moved In | 2009 | 2009 | 2011 |
Monroeville has a homeownership rate of 62.4%, lower than the Pennsylvania average of 63.0%. Its housing vacancy rate is 9.1%, compared with 9.1% in Pennsylvania.
Housing Stock
| Metric | Monroeville | Pennsylvania Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.19 people | 2.39 people | 2.53 people |
| Median Structure Built Year | 1967 | 1966 | 1978 |
| Median Number of Rooms | 5.9 | 6.0 | 5.5 |
The typical housing unit in Monroeville was built around 1967. On average, 2.2 people live in a home with about 5.9 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Monroeville, Pennsylvania.
What is the median home price in Monroeville, Pennsylvania?
The median home price in Monroeville, Pennsylvania is $261,951, higher than the Pennsylvania average of $152,469.
What is the average home price in Monroeville, Pennsylvania?
The typical home price in Monroeville, Pennsylvania, reported as the median sale price, is $261,951. 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 Monroeville, Pennsylvania?
The median gross rent in Monroeville, Pennsylvania is $1,174 per month, lower than the Pennsylvania average of $1,208.
What was the median gross rent in Monroeville in 2020?
In 2020, the median gross rent in Monroeville, Pennsylvania was $1,046 per month.
What is the price-to-rent ratio in Monroeville, Pennsylvania?
The price-to-rent ratio in Monroeville, Pennsylvania is about 18.6, meaning it would take roughly 18.6 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 Monroeville.
Are home prices or rent rising faster in Monroeville, Pennsylvania?
Both home prices and rent are rising in Monroeville, up about 14.6% and 3.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Monroeville, Pennsylvania?
62.4% of households in Monroeville, Pennsylvania own their home, lower than the Pennsylvania average of 63.0%.
What is the vacancy rate in Monroeville, Pennsylvania?
The housing vacancy rate in Monroeville, Pennsylvania is 9.1%, about the same as the Pennsylvania average.
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