King Of Prussia appreciation rates and housing market information

King Of Prussia housing market information

With 18,539 people, 8,723 houses or apartments, and a median cost of homes of $346,005, King Of Prussia house prices are not only among the most expensive in Pennsylvania, King Of Prussia real estate also is some of the most expensive in all of America.

single-family detached homes are the single most common housing type in King Of Prussia, accounting for 48.71% of the town's housing units. Other types of housing that are prevalent in King Of Prussia include large apartment complexes or high rise apartments (41.35%), row houses and other attached homes (6.80%), and a few duplexes, homes converted to apartments, or other small apartment buildings (2.95%).

The most prevalent building size and type in King Of Prussia are three and four bedroom single-family detached homes. The town has a mixture of owners and renters, with 56.15% owning, and 38.74% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. King Of Prussia's housing was primarily built during this period, from the '40s through the '60s. A full 55.77% of the town's housing hails from this era. Other housing ages represented in King Of Prussia include homes built between 1970-1994 (37.20%), and housing constructed from 1995 and later (4.93%). There's also some housing in King Of Prussia built between 1939 and earlier (2.10%).

King Of Prussia home appreciation rates

Appreciation rates for homes in King Of Prussia have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 97.75%, which ranks in the top 20% nationwide. This equates to an annual average King Of Prussia house appreciation rate of 9.77%.

Over the last year, King Of Prussia appreciation rates have trailed the rest of the nation. In the last twelve months, King Of Prussia's appreciation rate has been -2.59%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in King Of Prussia were at -0.32%, which equates to an annual appreciation rate of -1.28%.

Relative to Pennsylvania, our data show that King Of Prussia's latest annual appreciation rate is higher than 11% 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 King Of Prussia differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in King Of Prussia - 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 King Of Prussia real estate investment or home purchase decisions.