Bala Cynwyd PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Bala Cynwyd, 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 Q3 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

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

Bala Cynwyd Housing Market Information

With a population of 9,434, 1,256 total housing units (homes and apartments), and a median house value of $519,732, Bala Cynwyd house prices are not only among the most expensive in Pennsylvania, Bala Cynwyd 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 Bala Cynwyd, accounting for 57.54% of the town's housing units. Other types of housing that are prevalent in Bala Cynwyd include large apartment complexes or high rise apartments ( 24.92%), row houses and other attached homes ( 11.62%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.93%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Bala Cynwyd. Owner-occupied housing accounts for 77.93% of Bala Cynwyd's homes, and 47.13% have either three or four bedrooms, which is average sized relative to America.

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. Bala Cynwyd's housing was primarily built during this period, from the '40s through the '60s. A full 43.92% of the town's housing hails from this era. Other housing ages represented in Bala Cynwyd include homes built before 1939 ( 38.30%) and housing constructed between 1970-1999 ( 11.69%). There's also some housing in Bala Cynwyd built between 2000 and later ( 6.09%).

Bala Cynwyd Home Appreciation Rates

Real estate appreciation rates in Bala Cynwyd's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 2.42% during the period.

NeighborhoodScout's data show that during the latest twelve months, Bala Cynwyd's appreciation rate, at 3.99%, has been at or slightly above the national average. In the latest quarter, Bala Cynwyd's appreciation rate has been 1.33%, which annualizes to a rate of 5.44%.

Relative to Pennsylvania, our data show that Bala Cynwyd's latest annual appreciation rate is lower than 50% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$519,732

Bala Cynwyd, PA HOME PRICES

Value Range
> $1,142,000 2.6
$857,001 - $1,142,000 15.0
$571,001 - $857,000 33.7
$457,001 - $571,000 18.7
$343,001 - $457,000 13.6
$229,001 - $343,000 9.0
$114,001 - $229,000 3.8
$57,001 - $114,000 1.1
$0 - $57,000 2.4

Very High for PA
Very High for Nation

Value Relative to Nation Value Relative to State
7.3051094890511 1.54440154440154

Number Of Homes And Apartments:
1,256

Bala Cynwyd Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
Since 2000:
2000 Q1 - 2020 Q3
105.79% 3.54%
10
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,008 / per month

Homeownership Rate

Homeownership
Owners 77.93
Renters 22.07
Vacant 6.00

Housing Market Details

 

Age of Homes

AGE OF Bala Cynwyd HOMES
2000 or Newer 6.1
1970 - 1999 11.7
1940 - 1969 43.9
1939 or Older 38.3

Types of Homes

TYPE OF Bala Cynwyd HOMES
Single-Family 57.5
Townhomes 11.6
Small Apt. Buildings 5.9
Apt. Complexes 24.9
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Bala Cynwyd HOMES
No Bedroom 1.56
1 Bedroom 9.50
2 Bedrooms 20.84
3 Bedrooms 24.62
4 Bedrooms 22.51
5 or more bedrooms 20.97

Popular Neighborhoods in Bala Cynwyd

Zip Codes in Bala Cynwyd, PA