Narberth appreciation rates and housing market information

Narberth housing market information

With 4,233 people, 1,981 houses or apartments, and a median cost of homes of $488,212, Narberth house prices are not only among the most expensive in Pennsylvania, Narberth 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 Narberth, accounting for 42.76% of the borough's housing units. Other types of housing that are prevalent in Narberth include row houses and other attached homes (20.70%), large apartment complexes or high rise apartments (19.54%), duplexes, homes converted to apartments, or other small apartment buildings (16.36%), and a few mobile homes or trailers (0.66%).

The most prevalent building size and type in Narberth are three and four bedroom single-family detached homes. The borough has a mixture of owners and renters, with 58.00% owning, and 38.11% renting.

The housing in Narberth was primarily built before 1939 (64.97%), making the housing stock in Narberth some of the older overall in America, although there is a range of ages of homes in Narberth. The next most important Narberth housing age is 1940-1969 (26.50%), followed by 1970-1994 (8.23%). There's also some housing in Narberth built between 1995 and later (.30%).

Narberth home appreciation rates

In the last 10 years, Narberth has experienced some of the highest home appreciation rates of any community in the nation. Narberth real estate appreciated 118.15% over the last ten years, which is an average annual home appreciation rate of 11.81%, putting Narberth in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Narberth definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Narberth appreciation rates have trailed the rest of the nation. In the last twelve months, Narberth's appreciation rate has been -0.55%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Narberth were at 0.18%, which equates to an annual appreciation rate of 0.72%.

Relative to Pennsylvania, our data show that Narberth's latest annual appreciation rate is higher than 27% of the other cities and towns in Pennsylvania.