Village Shires appreciation rates and housing market information

Village Shires housing market information

With 4,170 people, 1,763 houses or apartments, and a median cost of homes of $452,160, Village Shires house prices are not only among the most expensive in Pennsylvania, Village Shires 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 Village Shires, accounting for 46.11% of the town's housing units. Other types of housing that are prevalent in Village Shires include large apartment complexes or high rise apartments (25.52%), row houses and other attached homes (25.35%), and a few duplexes, homes converted to apartments, or other small apartment buildings (3.01%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Village Shires. Owner-occupied housing accounts for 73.57% of Village Shires's homes, and 50.88% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Village Shires 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 Village Shires built from 1940-1969 (4.48%). A lesser amount of the housing stock also hails from 1995 and later (2.27%), and some were built from 1939 and earlier (2.27%).

Village Shires home appreciation rates

Appreciation rates for homes in Village Shires have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 91.41%, which ranks in the top 30% nationwide. This equates to an annual average Village Shires house appreciation rate of 9.14%.

Over the last year, Village Shires appreciation rates have trailed the rest of the nation. In the last twelve months, Village Shires's appreciation rate has been -3.22%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Village Shires were at -0.48%, which equates to an annual appreciation rate of -1.92%.

Notably, Village Shires's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Pennsylvania, our data show that Village Shires's latest annual appreciation rate is higher than 6% of the other cities and towns in Pennsylvania.