Radnor Township appreciation rates and housing market information

Radnor Township housing market information

With a population of 30,878, 10,731 total housing units (homes and apartments), and a median house value of $693,311, Radnor Township house prices are not only among the most expensive in Pennsylvania, Radnor Township 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 Radnor Township, accounting for 54.44% of the town's housing units. Other types of housing that are prevalent in Radnor Township include large apartment complexes or high rise apartments (27.32%), row houses and other attached homes (10.60%), and a few duplexes, homes converted to apartments, or other small apartment buildings (7.59%).

The most prevalent building size and type in Radnor Township are three and four bedroom single-family detached homes. The town has a mixture of owners and renters, with 60.94% owning, and 35.48% 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. Radnor Township's housing was primarily built during this period, from the '40s through the '60s. A full 49.68% of the town's housing hails from this era. Other housing ages represented in Radnor Township include homes built between 1970-1994 (25.32%), and housing constructed from 1939 and earlier (23.17%). There's also some housing in Radnor Township built between 1995 and later (1.83%).

Radnor Township home appreciation rates

In the last 10 years, Radnor Township has experienced some of the highest home appreciation rates of any community in the nation. Radnor Township real estate appreciated 109.56% over the last ten years, which is an average annual home appreciation rate of 10.95%, putting Radnor Township in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Radnor Township 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, Radnor Township appreciation rates have trailed the rest of the nation. In the last twelve months, Radnor Township's appreciation rate has been -1.41%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Radnor Township were at -0.03%, which equates to an annual appreciation rate of -0.12%.

Relative to Pennsylvania, our data show that Radnor Township's latest annual appreciation rate is higher than 22% 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 Radnor Township differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Radnor Township - 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 Radnor Township real estate investment or home purchase decisions.