Minersville, PA - 17954 - Real Estate Market Appreciation & Housing Market Trends (2024)

Overview


Minersville is a very small borough located in the state of Pennsylvania. With a population of 4,386 people and just one neighborhood, Minersville is the 347th largest community in Pennsylvania. Minersville has a large stock of pre-World War II architecture, making it one of the older and more historic boroughs in the country.

Occupations and Workforce

Because occupations involving physical labor dominate the local economy, Minersville is generally considered to be a blue-collar town. 43.05% of the Minersville workforce is employed in blue-collar occupations, compared to the national average of 27.7%. Overall, Minersville is a borough of service providers, sales and office workers, and transportation and shipping workers. There are especially a lot of people living in Minersville who work in healthcare suport services (9.16%), sales jobs (8.07%), and office and administrative support (8.02%).

Setting & Lifestyle

Being a small borough, Minersville does not have a public transit system used by locals to get to and from work.

Demographics

In terms of college education, the citizens of Minersville rank slightly lower than the national average. 15.72% of adults 25 and older in Minersville have a bachelor's degree or advanced degree, while 21.84% of adults have a 4-year degree or higher in the average American community.

The per capita income in Minersville in 2022 was $23,410, which is low income relative to Pennsylvania and the nation. This equates to an annual income of $93,640 for a family of four. However, Minersville contains both very wealthy and poor people as well.

Minersville is a somewhat ethnically-diverse borough. The people who call Minersville home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Minersville residents report their race to be White, followed by Asian. Minersville also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 10.44% of the borough’s residents. Important ancestries of people in Minersville include Irish, German, Italian, Polish, and Lithuanian.

The most common language spoken in Minersville is English. Other important languages spoken here include Polish and Spanish.

Notable & Unique Neighborhood Characteristics

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.

Real Estate

Many people dream of living along a street lined with row houses or other attached homes. Such places do often have an abundance of charm. If you are one of these people, the neighborhood could be your paradise. With 48.8% of the homes and real estate here classified as rowhouses or other attached homes, this neighborhood brims with opportunity to find the right place for you. Only 1.2% of U.S. neighborhoods have more row houses than this neighborhood, making it one of the most interesting things about this special neighborhood.

In addition, if you find historic homes and neighborhoods attractive, you love the details, the history, and the charm, then you are sure to be interested in this neighborhood. With 63.7% of the residential real estate in the neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 97.4% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.

Modes of Transportation

Our research shows that more people carpool to work here in the (24.9%) than in 97.0% of the neighborhoods in America.

Occupations

More people work in manufacturing and as laborers here in the neighborhood than in 96.0% of the neighborhoods in America. Despite the loss of manufacturing jobs across the nation, this neighborhood remains a place where, compared to other parts of the country, you will find many laborers and manufacturers.

Diversity

Did you know that the neighborhood has more Lithuanian and Ukrainian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 5.0% of this neighborhood's residents have Lithuanian ancestry and 3.3% have Ukrainian ancestry.

is also pretty special linguistically. Significantly, 17.9% of its residents five years old and above primarily speak Polish at home. While this may seem like a small percentage, it is higher than 99.6% of the neighborhoods in America.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the neighborhood in Minersville are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 80.3% of U.S. neighborhoods. With 35.6% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 86.1% of U.S. neighborhoods.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the neighborhood, 43.0% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 23.2% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (17.2%), and 16.6% in sales and service jobs, from major sales accounts, to working in fast food restaurants.

Languages

The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the neighborhood is English, spoken by 97.2% of households. Other important languages spoken here include Polish and Spanish.

Ethnicity / Ancestry

Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.

In the neighborhood in Minersville, PA, residents most commonly identify their ethnicity or ancestry as Irish (19.6%). There are also a number of people of German ancestry (12.5%), and residents who report Puerto Rican roots (9.5%), and some of the residents are also of Italian ancestry (8.5%), along with some Polish ancestry residents (7.4%), among others.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in neighborhood spend between 15 and 30 minutes commuting one-way to work (60.0% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (68.5%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (24.9%) and 5.5% of residents also hop out the door and walk to work for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.

Minersville, PA - 17954 - Real Estate Market Appreciation & Housing Market Trends (2024)

FAQs

What is the housing market prediction in PA? ›

Average Home Prices: The average median home price in Pennsylvania is $264,700, up by 6.6% YoY. In 2024, experts predict the median sale price will increase due to the tight inventory. Currently, the sale-to-list price ratio is at 97.9%, with an increase of 0.6% YoY compared to January 2023.

Where will real estate appreciate the most? ›

Best Real Estate Markets In The U.S.
  • Raleigh, North Carolina. ...
  • Nashville, Tennessee (Metro Area) ...
  • Charlotte, North Carolina. ...
  • San Antonio, Texas. ...
  • Phoenix, Arizona. ...
  • Jacksonville, Florida. Median listing price: $289,900. ...
  • Atlanta, Georgia. Median listing price: $400,000. ...
  • Orlando, Florida. Median listing price: $350,000.
Mar 1, 2024

What makes the housing market go up and down? ›

Interest Rates

That's because the lower the interest rate, the lower the cost of a mortgage. That's great for borrowers, but it can also create greater demand for real estate, which then pushes prices up. As interest rates rise, the cost of a mortgage increases, thus lowering demand and real estate prices.

Why real estate market is so hot? ›

Supply and demand

The main driver of record home prices is a one-two punch straight from Econ 101 — a lack of housing supply coupled with strong demand. Inventories remain frustratingly tight, with NAR's May data showing only a 3.7-month supply. Not even high mortgage rates have slowed price appreciation.

Is it a buyers or sellers market in PA? ›

Is Economy, PA a buyer's or seller's market? Since last year, Economy has remained a Seller's Market.

What's the best time to buy a house? ›

Late summer and early fall may give you the best of both worlds with a combination of good selection with less competition and slightly lower prices.

Is 2024 a good year to buy a house? ›

Mortgage rates are expected to come down in 2024, and inventory and home sales are likely to increase. Homebuyers and sellers can also expect prices to continue to rise, albeit at a slower clip than the past couple of years.

Where will house prices fall the most? ›

10 cities where house prices are falling
City£ annual price change% annual price change
Hastings-£7,890-2.8%
Norwich-£5,550-2.1%
Medway-£4,910-1.7%
Northampton-£3,880-1.6%
6 more rows
Jun 26, 2024

Where is the best housing market right now? ›

Hottest Markets Overall
  • Denver – 74.8.
  • Raleigh, North Carolina – 73.7.
  • Virginia Beach, Virginia – 73.2.
  • Durham, North Carolina – 72.8.
  • Charlotte, North Carolina – 72.0.
Feb 12, 2024

What negatively affects property value? ›

Property Size and Layout

An efficiently designed usable space can maximize functionality and flow, enhancing the property's overall desirability. Conversely, an awkward or impractical layout may have a negative impact on a property's perceived value, even if it has ample square footage.

Is it better to buy a house when interest rates are high? ›

The bottom line. Today's elevated mortgage rate environment isn't preferable for homebuyers, but it doesn't mean that you should refrain from acting, either. If you discover your dream home, can afford the interest rate, find an affordable house, or have an alternative to rent, it can be worth it for you now.

What actually increases property value? ›

Supply and demand

Simply put, as the housing supply decreases or as demand rises, this creates an inventory shortage, causing home values to go up.

What is the hottest month for real estate? ›

Spring — specifically, the month of May — is the best time to sell a house.

What city has the hottest real estate market? ›

'No buyer's remorse,' one recent homeowner says, after moving from Denver to this Midwestern city
RankMetroMedian home listing price June 2024
1Fort Wayne, Ind.$335,000
2Canton-Massillon, Ohio$255,000
3Akron, Ohio$265,000
4Manchester-Nashua, N.H.$598,000
6 more rows
3 days ago

Why is real estate so crazy right now? ›

Home prices skyrocketed during the pandemic-fueled housing boom; more people were working from home and could do so from anywhere. Plus, mortgage rates were historically low, so people bought houses. But then inflation rose and the Federal Reserve raised interest rates in an attempt to tame it.

Why are houses so expensive in Pennsylvania? ›

The median sale price of homes across Pa. jumped 31% in the past three years, new data from the Pennsylvania Association of Realtors shows. The surge is due to a combination of factors, such as fewer homes having been built while millennials, one of the largest generations, hit their peak homebuying years.

Is real estate good in Pennsylvania? ›

The state's economic growth translates into a significant number of homebuyers and renters. Because of its population density, economic growth, high-quality healthcare, and education access, real estate investors in Pennsylvania can enjoy favorable returns on their investments.

How much is an average house in Pennsylvania? ›

Housing Costs in Pennsylvania

According to Zillow, the typical home value in the commonwealth was $239,958 in February 2023. The median sale price of an existing home in the United States, for comparison, was $359,000 the previous month, per the National Association of Realtors®.

What is the average price of a house in the US? ›

Based on the latest data, the average home price in the U.S. stands around $416,100. This value represents the mean of all home sale prices nationwide and offers a broad perspective on pricing trends within the housing market.

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