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 Q2 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

Bala Cynwyd Housing Market Information

With a population of 9,132, 1,252 total housing units (homes and apartments), and a median house value of $491,983, 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 55.82% of the town's housing units. Other types of housing that are prevalent in Bala Cynwyd include large apartment complexes or high rise apartments ( 23.36%), row houses and other attached homes ( 13.13%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.27%).

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 80.18% of Bala Cynwyd's homes, and 47.74% 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 42.93% of the town's housing hails from this era. Other housing ages represented in Bala Cynwyd include homes built before 1939 ( 37.91%) and housing constructed between 1970-1999 ( 15.32%). There's also some housing in Bala Cynwyd built between 2000 and later ( 3.84%).

Bala Cynwyd Home Appreciation Rates

Appreciation rates for homes in Bala Cynwyd have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 8.66%, which ranks in the top 40% nationwide. This equates to an annual average Bala Cynwyd house appreciation rate of 0.83%.

Over the last year, Bala Cynwyd appreciation rates have trailed the rest of the nation. In the last twelve months, Bala Cynwyd's appreciation rate has been 3.50%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Bala Cynwyd were at 2.05%, which equates to an annual appreciation rate of 8.47%.

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

Average Home Values

 

Median Home Value:
$491,983

Bala Cynwyd, PA HOME PRICES

Value Range
> $1,125,000 2.3
$844,001 - $1,125,000 16.0
$562,001 - $844,000 28.3
$450,001 - $562,000 19.5
$337,001 - $450,000 14.1
$225,001 - $337,000 11.7
$112,001 - $225,000 4.8
$56,001 - $112,000 1.6
$0 - $56,000 1.7

Very High for PA
Very High for Nation

Value Relative to Nation Value Relative to State
6.49335441185081 1.256038647343

Number Of Homes And Apartments:
1,252

Bala Cynwyd Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2017 Q1 - 2017 Q2
Last 12 Months:
2016 Q2 - 2017 Q2
Last 2 Years:
2015 Q2 - 2017 Q2
Last 5 Years:
2012 Q2 - 2017 Q2
Last 10 Years:
2007 Q2 - 2017 Q2
Since 2000:
2000 Q1 - 2017 Q2
84.17% 3.55% 10 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,833 / per month

Homeownership Rate

Homeownership
Owners 80.18
Renters 19.82
Vacant 6.36

Housing Market Details

 

Age of Homes

AGE OF Bala Cynwyd HOMES
2000 or Newer 3.8
1970 - 1999 15.3
1940 - 1969 42.9
1939 or Older 37.9

Types of Homes

TYPE OF Bala Cynwyd HOMES
Single-Family 55.8
Townhomes 13.1
Small Apt. Buildings 7.3
Apt. Complexes 23.4
Mobile Homes 0.1
Other 0.3

Home Size

SIZE OF Bala Cynwyd HOMES
No Bedroom 0.97
1 Bedroom 10.75
2 Bedrooms 19.38
3 Bedrooms 22.55
4 Bedrooms 25.20
5 or more bedrooms 21.16

Popular Neighborhoods in Bala Cynwyd

Zip Codes in Bala Cynwyd, PA