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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Ardmore, PA Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Ardmore, PA Housing Market Trends

With 13,566 people, 6,305 houses or apartments, and a median cost of homes of $575,014, Ardmore house prices are not only among the most expensive in Pennsylvania, Ardmore real estate also is some of the most expensive in all of America.

Row houses and other attached homes are the single most common housing type in Ardmore, accounting for 39.38% of the town's housing units. Other types of housing that are prevalent in Ardmore include large apartment complexes or high rise apartments ( 26.42%), single-family detached homes ( 25.73%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.47%). Towns with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact towns that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

The most prevalent building size and type in Ardmore are three and four bedroom dwellings, chiefly found in row houses and other attached homes. The town has a mixture of owners and renters, with 64.87% owning and 35.13% renting.

The housing in Ardmore was primarily built before 1939 ( 46.37%), making the housing stock in Ardmore some of the oldest overall in America, although there is a range of ages of homes in Ardmore. The next most important housing age is between 1940-1969 ( 33.55%), followed by between 1970-1999 ( 11.21%). There's also some housing in Ardmore built between 2000 and later ( 8.87%).

Ardmore Home Appreciation Rates

Real estate appreciation rates in Ardmore's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.55% during the period.

NeighborhoodScout's data show that during the latest twelve months, Ardmore's appreciation rate, at 6.29%, has been at or slightly above the national average. In the latest quarter, Ardmore's appreciation rate has been 0.82%, which annualizes to a rate of 3.32%.

Relative to Pennsylvania, our data show that Ardmore's latest annual appreciation rate is higher than 60% of the other cities and towns in Pennsylvania.

Average Home Values

Median Home Value

$575,014

Ardmore, PA Home Prices
> $1,281,000
$960,001 - $1,281,000
$640,001 - $960,000
$513,001 - $640,000
$384,001 - $513,000
$256,001 - $384,000
$128,001 - $256,000
$64,001 - $128,000
$0 - $64,000
10.8%
10.8%
9.6%
9.6%
15.4%
15.4%
21.2%
21.2%
28.2%
28.2%
7.7%
7.7%
4.9%
4.9%
1.2%
1.2%
0.9%
0.9%
0% 100.0%
% of Homes
Very High

for Pennsylvania

Very High

for nation

Number of Homes And Apartments:

6,305

Ardmore Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,889 / per month

Homeownership Rate

Owners
Renters
64.9%
64.9%
35.1%
35.1%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
3.5%
3.5%
96.5%
96.5%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
8.9%
8.9%
11.2%
11.2%
33.5%
33.5%
46.4%
46.4%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
25.7%
25.7%
39.4%
39.4%
8.5%
8.5%
26.4%
26.4%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.9%
1.9%
11.2%
11.2%
27.1%
27.1%
37.5%
37.5%
13.9%
13.9%
8.4%
8.4%
0% 100.0%
% of Homes