Bensalem appreciation rates and housing market information

Bensalem housing market information

With 53,604 people, 21,810 houses or apartments, and a median cost of homes of $297,434, Bensalem real estate prices are well above average cost compared to national prices.

single-family detached homes are the single most common housing type in Bensalem, accounting for 38.97% of the town's housing units. Other types of housing that are prevalent in Bensalem include large apartment complexes or high rise apartments (33.61%), row houses and other attached homes (17.06%), duplexes, homes converted to apartments, or other small apartment buildings (7.48%), and a few mobile homes or trailers (2.79%).

People in Bensalem primarily live in small (one, two, or no bedroom) single-family detached homes. Bensalem has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Bensalem built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Bensalem built from 1940-1969 (36.21%). A lesser amount of the housing stock also hails from 1939 and earlier (4.56%), and some were built from 1995 and later (4.56%).

Bensalem home appreciation rates

Appreciation rates for homes in Bensalem have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 103.34%, which ranks in the top 20% nationwide. This equates to an annual average Bensalem house appreciation rate of 10.33%.

Over the last year, Bensalem appreciation rates have trailed the rest of the nation. In the last twelve months, Bensalem's appreciation rate has been -2.03%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Bensalem were at -0.18%, which equates to an annual appreciation rate of -0.72%.

Relative to Pennsylvania, our data show that Bensalem's latest annual appreciation rate is higher than 17% 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 town. Individual neighborhoods within Bensalem differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Bensalem - 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 1990, to assist you in making the best Bensalem real estate investment or home purchase decisions.