Bala Cynwyd, PA Real Estate Market

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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (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, PA Housing Market Trends

With 9,434 people, 1,248 houses or apartments, and a median cost of homes of $535,170, 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 57.27% of the town's housing units. Other types of housing that are prevalent in Bala Cynwyd include large apartment complexes or high rise apartments ( 25.90%), row houses and other attached homes ( 10.46%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.38%).

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 76.76% of Bala Cynwyd's homes, and 44.73% 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 41.38% of the town's housing hails from this era. Other housing ages represented in Bala Cynwyd include homes built before 1939 ( 40.80%) and housing constructed between 1970-1999 ( 10.17%). There's also some housing in Bala Cynwyd built between 2000 and later ( 7.64%).

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 2.72% during the period.

NeighborhoodScout's data show that during the latest twelve months, Bala Cynwyd's appreciation rate, at 6.03%, has been at or slightly above the national average. In the latest quarter, Bala Cynwyd's appreciation rate has been 2.64%, which annualizes to a rate of 10.98%.

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

Average Home Values

 

Median Home Value:
$535,170

Bala Cynwyd, PA HOME PRICES

> $1,143,000
2.5%
2.5%
$857,001 - $1,143,000
16.2%
16.2%
$571,001 - $857,000
34.4%
34.4%
$457,001 - $571,000
20.4%
20.4%
$343,001 - $457,000
13.5%
13.5%
$228,001 - $343,000
8.1%
8.1%
$114,001 - $228,000
2.5%
2.5%
$57,001 - $114,000
0.3%
0.3%
$0 - $57,000
2.1%
2.1%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for PA

Value Relative To Nation

Number Of Homes And Apartments:
1,248

Bala Cynwyd Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
111.25% 3.63%
10
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,968 / per month

Homeownership Rate

Owners
76.8%
76.8%
Renters
23.2%
23.2%
Vacant
6.5%
6.5%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
7.6%
7.6%
1970 - 1999
10.2%
10.2%
1940 - 1969
41.4%
41.4%
1939 or Older
40.8%
40.8%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
57.3%
57.3%
Townhomes
10.5%
10.5%
Small Apt. Buildings
6.4%
6.4%
Apt. Complexes
25.9%
25.9%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.5%
2.5%
1 Bedroom
12.5%
12.5%
2 Bedrooms
18.5%
18.5%
3 Bedrooms
22.9%
22.9%
4 Bedrooms
21.8%
21.8%
5 or more bedrooms
21.7%
21.7%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Bala Cynwyd

Zip Codes in Bala Cynwyd, PA