Ardmore, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Ardmore Neighborhoods Since 2000




Ardmore, PA Real Estate Data


Ardmore Housing Market Information

With a population of 12,556, 5,454 total housing units (homes and apartments), and a median house value of $407,716, 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.

Single-family detached homes are the single most common housing type in Ardmore, accounting for 31.76% of the town's housing units. Other types of housing that are prevalent in Ardmore include row houses and other attached homes ( 31.56%), large apartment complexes or high rise apartments ( 23.60%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 13.08%).

The most prevalent building size and type in Ardmore are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 64.43% owning and 35.57% 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. Ardmore's housing was primarily built during this period, from the '40s through the '60s. A full 44.54% of the town's housing hails from this era. Other housing ages represented in Ardmore include homes built before 1939 ( 44.39%) and housing constructed between 1970-1999 ( 7.72%). There's also some housing in Ardmore built between 2000 and later ( 3.35%).

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 4.90%, which ranks in the top 50% nationwide. This equates to an annual average Ardmore house appreciation rate of 0.48%.

NeighborhoodScout's data show that during the latest twelve months, Ardmore's appreciation rate, at 4.81%, has been at or slightly above the national average. In the latest quarter, Ardmore's appreciation rate has been 1.89%, which annualizes to a rate of 7.76%.

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:
$407,716

Ardmore, PA HOME PRICES

Value Range
> $1,125,000 3.5
$844,001 - $1,125,000 5.5
$562,001 - $844,000 11.2
$450,001 - $562,000 9.2
$337,001 - $450,000 21.2
$225,001 - $337,000 35.1
$112,001 - $225,000 10.9
$56,001 - $112,000 1.4
$0 - $56,000 2.0

Very High for PA
Very High for Nation

Value Relative to Nation Value Relative to State
9.3751829946712 2.9951690821256

Number Of Homes And Apartments:
5,454

Rent & Ownership

 

Average Market Rent:
$1,542 / per month

Homeownership Rate

Homeownership
Owners 64.43
Renters 35.57
Vacant 7.21

Housing Market Details

 

Age of Homes

AGE OF Ardmore HOMES
2000 or Newer 3.4
1970 - 1999 7.7
1940 - 1969 44.5
1939 or Older 44.4

Types of Homes

TYPE OF Ardmore HOMES
Single-Family 31.8
Townhomes 31.6
Small Apt. Buildings 13.1
Apt. Complexes 23.6
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Ardmore HOMES
No Bedroom 1.82
1 Bedroom 16.62
2 Bedrooms 17.66
3 Bedrooms 37.43
4 Bedrooms 14.75
5 or more bedrooms 11.72

Ardmore Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
80.32% 3.53% 10 9
* 10 is highest