Bankruptcy Homes in Monessen, PA

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Home Value Estimator For Monessen, PA

There are currently 3,251 real estate properties in Monessen, PA, with a median automated valuation model (AVM) price of $79,610.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Monessen, PA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Monessen, PA, is $91,960.00, with the most expensive house in Monessen, PA, topping out at $1,003,702.00 and the cheapest home in Monessen, PA, clocking in at $10,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Monessen, PA!

Rent Prices In Monessen, PA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Monessen, PA, is on a rollercoaster ride. The average rent price in Monessen, PA, is $860.00. Indeed, when looking to rent in Monessen, PA, you can expect to pay as little as $500.00 or as much as $1,940.00, with the average rent median estimated to be $850.00. The good news is that finding an affordable and desirable property to rent in Monessen, PA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Top Reasons To Live In Monessen, PA In 2024

Monessen is located in Westmoreland, Pennsylvania, with an estimated municipal population of 7,237 residents. All of the best foreclosed homes for sale in Monessen are located in the following zip code areas on 15062. The estimated population per square kilometer (.62 miles) in Monessen is 967.

Cost Of Living In Monessen, PA

So, about how much do homes cost in Monessen? The most recent median value of resident-owned homes in Monessen is 74,894. An estimated 73.2 percent of households in Monessen own their homes, with an average family size of 2.72. The median household income in Monessen is 43,823, with12.8 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Monessen, the median commute time of resident workers (in minutes) is 25.5. And last, but certainly not least, are you looking for homes to rent in Monessen? If so, the average rent price paid by renters in Monessen is 674, according to recent statistics.

Diversity And Demographics In Monessen, Pennsylvania

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Monessen, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Monessen is 46.3, split between 46.8 percent male versus 53.2 female. The percentage of residents who report being married in Monessen is 41.9, with an average family size of 2.72.

The percentage of residents who report their race in Monessen is as follows:

White 81.6%
Black / African American 11.5%
Asian 0.8%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 5.9%
Other 0.2%

Looking for family-friendly neighborhoods in and/or near Monessen? Or maybe you are searching for 55+ active adult communities in and/or near Monessen?

The percentage of residents who report their age in Monessen is as follows:

Under 10 11.6%
Aged 10-19 10.5%
20s 13.4%
30s 10.3%
40s 7.2%
50s 15.7%
60s 14.6%
70s 7.9%
80+ 9%

Best Schools In Monessen, Pennsylvania

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Monessen with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Monessen.

Pros And Cons Of Living In Monessen, Pennsylvania

How do you know that living in -- or moving to -- Monessen is right where you need to be? Perhaps you grew up in Monessen or already live nearby; therefore, the decision to buy a home in Monessen is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Monessen for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Monessen:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Monessen.

Reasons To Move To Monessen, Pennsylvania, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Monessen can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Monessen, meanwhile, can field multiple offers from more qualified buyers.

Monessen, PA Bankruptcy Homes


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