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 2018. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2016 (latest available). Updated annually.

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

Bala Cynwyd Housing Market Information

With 9,149 people, 1,237 houses or apartments, and a median cost of homes of $507,715, 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 55.00% of the town's housing units. Other types of housing that are prevalent in Bala Cynwyd include large apartment complexes or high rise apartments ( 24.64%), row houses and other attached homes ( 12.65%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.40%).

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 80.39% of Bala Cynwyd's homes, and 47.48% 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 47.01% of the town's housing hails from this era. Other housing ages represented in Bala Cynwyd include homes built before 1939 ( 37.04%) and housing constructed between 1970-1999 ( 12.46%). There's also some housing in Bala Cynwyd built between 2000 and later ( 3.48%).

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 15.97%, which ranks in the top 40% nationwide. This equates to an annual average Bala Cynwyd house appreciation rate of 1.49%.

NeighborhoodScout's data show that during the latest twelve months, Bala Cynwyd's appreciation rate, at 5.87%, has been at or slightly above the national average. In the latest quarter, Bala Cynwyd's appreciation rate has been 1.67%, which annualizes to a rate of 6.86%.

Relative to Pennsylvania, our data show that Bala Cynwyd's latest annual appreciation rate is higher than 80% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$507,715

Bala Cynwyd, PA HOME PRICES

Value Range
> $1,164,000 1.8
$873,001 - $1,164,000 14.5
$582,001 - $873,000 31.5
$465,001 - $582,000 18.8
$349,001 - $465,000 13.4
$233,001 - $349,000 11.4
$116,001 - $233,000 5.1
$58,001 - $116,000 1.4
$0 - $58,000 2.1

Very High for PA
Very High for Nation

Value Relative to Nation Value Relative to State
6.7036496350365 1.25482625482625

Number Of Homes And Apartments:
1,237

Bala Cynwyd Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2018 Q1 - 2018 Q2
Last 12 Months:
2017 Q2 - 2018 Q2
Last 2 Years:
2016 Q2 - 2018 Q2
Last 5 Years:
2013 Q2 - 2018 Q2
Last 10 Years:
2008 Q2 - 2018 Q2
Since 2000:
2000 Q1 - 2018 Q2
95.36% 3.69%
10
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,860 / per month

Homeownership Rate

Homeownership
Owners 80.39
Renters 19.61
Vacant 7.18

Housing Market Details

 

Age of Homes

AGE OF Bala Cynwyd HOMES
2000 or Newer 3.5
1970 - 1999 12.5
1940 - 1969 47.0
1939 or Older 37.0

Types of Homes

TYPE OF Bala Cynwyd HOMES
Single-Family 55.0
Townhomes 12.6
Small Apt. Buildings 7.4
Apt. Complexes 24.6
Mobile Homes 0.0
Other 0.3

Home Size

SIZE OF Bala Cynwyd HOMES
No Bedroom 1.26
1 Bedroom 11.57
2 Bedrooms 17.62
3 Bedrooms 24.47
4 Bedrooms 23.01
5 or more bedrooms 22.07

Popular Neighborhoods in Bala Cynwyd

Zip Codes in Bala Cynwyd, PA