Bensalem, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Bensalem, 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 Q1 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

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

Bensalem Housing Market Information

With a population of 56,136, 2,328 total housing units (homes and apartments), and a median house value of $284,145, Bensalem real estate is some of the most expensive in Pennsylvania, although Bensalem home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Bensalem, accounting for 40.06% of the town's housing units. Other types of housing that are prevalent in Bensalem include large apartment complexes or high rise apartments ( 28.30%), row houses and other attached homes ( 17.38%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 11.29%).

The most prevalent building size and type in Bensalem are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 56.94% owning and 43.06% renting.

There is a lot of housing in Bensalem built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Bensalem built between 1940-1969 ( 29.19%). A lesser amount of the housing stock also hails from between 2000 and later ( 5.93%). There's also some housing in Bensalem built before 1939 ( 3.57%).

Bensalem Home Appreciation Rates

Bensalem's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Bensalem during the period has been just 0.18%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Bensalem's appreciation rate, at 4.49%, has been at or slightly above the national average. In the latest quarter, Bensalem's appreciation rate has been 0.37%, which annualizes to a rate of 1.49%.

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

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Bensalem differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Bensalem - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Bensalem real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$284,145

Bensalem, PA HOME PRICES

Value Range
> $1,130,000 0.3
$848,001 - $1,130,000 0.2
$565,001 - $848,000 3.5
$452,001 - $565,000 6.1
$339,001 - $452,000 22.6
$226,001 - $339,000 45.1
$113,001 - $226,000 16.1
$56,001 - $113,000 1.2
$0 - $56,000 4.8

Very High for PA
High for Nation

Value Relative to Nation Value Relative to State
21.2262773722628 10.1351351351351

Number Of Homes And Apartments:
2,328

Bensalem Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2018 Q4 - 2019 Q1
Last 12 Months:
2018 Q1 - 2019 Q1
Last 2 Years:
2017 Q1 - 2019 Q1
Last 5 Years:
2014 Q1 - 2019 Q1
Last 10 Years:
2009 Q1 - 2019 Q1
Since 2000:
2000 Q1 - 2019 Q1
81.83% 3.15%
9
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,591 / per month

Homeownership Rate

Homeownership
Owners 56.94
Renters 43.06
Vacant 5.84

Housing Market Details

 

Age of Homes

AGE OF Bensalem HOMES
2000 or Newer 5.9
1970 - 1999 61.3
1940 - 1969 29.2
1939 or Older 3.6

Types of Homes

TYPE OF Bensalem HOMES
Single-Family 40.1
Townhomes 17.4
Small Apt. Buildings 11.3
Apt. Complexes 28.3
Mobile Homes 3.0
Other 0.0

Home Size

SIZE OF Bensalem HOMES
No Bedroom 1.97
1 Bedroom 20.71
2 Bedrooms 25.72
3 Bedrooms 35.41
4 Bedrooms 13.82
5 or more bedrooms 2.37