Ardmore, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Ardmore Neighborhoods Since 2000




Ardmore, PA Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Ardmore Housing Market Information

With a population of 12,556, 5,470 total housing units (homes and apartments), and a median house value of $333,853, 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 33.34% of the town's housing units. Other types of housing that are prevalent in Ardmore include single-family detached homes ( 30.21%), large apartment complexes or high rise apartments ( 23.16%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 13.28%). Towns that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of towns are often walkable and compact, and often have a lively downtown.

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 63.53% owning and 36.47% renting.

The housing in Ardmore was primarily built before 1939 ( 43.98%), 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 ( 43.39%), followed by between 1970-1999 ( 9.26%). There's also some housing in Ardmore built between 2000 and later ( 3.37%).

Ardmore Home Appreciation Rates

Appreciation rates for homes in Ardmore have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 5.54%, which ranks in the top 40% nationwide. This equates to an annual average Ardmore house appreciation rate of 0.54%.

NeighborhoodScout's data show that during the latest twelve months, Ardmore's appreciation rate, at 4.27%, has been at or slightly above the national average. In the latest quarter, Ardmore's appreciation rate has been 0.08%, which annualizes to a rate of 0.32%.

Relative to Pennsylvania, our data show that Ardmore's latest annual appreciation rate is higher than 70% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$333,853

Ardmore, PA HOME PRICES

Value Range
> $1,113,000 2.8
$835,001 - $1,113,000 4.9
$557,001 - $835,000 12.6
$445,001 - $557,000 10.1
$334,001 - $445,000 22.6
$222,001 - $334,000 34.8
$111,001 - $222,000 8.5
$56,001 - $111,000 1.5
$0 - $56,000 2.1

Very High for PA
Very High for Nation

Value Relative to Nation Value Relative to State
13.3833352865346 5.41062801932367

Number Of Homes And Apartments:
5,470

Ardmore Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
80.07% 3.47% 10 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,572 / per month

Homeownership Rate

Homeownership
Owners 63.53
Renters 36.47
Vacant 7.93

Housing Market Details

 

Age of Homes

AGE OF Ardmore HOMES
2000 or Newer 3.4
1970 - 1999 9.3
1940 - 1969 43.4
1939 or Older 44.0

Types of Homes

TYPE OF Ardmore HOMES
Single-Family 30.2
Townhomes 33.3
Small Apt. Buildings 13.3
Apt. Complexes 23.2
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Ardmore HOMES
No Bedroom 1.73
1 Bedroom 17.49
2 Bedrooms 18.23
3 Bedrooms 37.11
4 Bedrooms 13.70
5 or more bedrooms 11.73