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Bensalem, 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 Q3 2022. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

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

Bensalem, PA Housing Market Trends

With 62,743 people, 23,482 houses or apartments, and a median cost of homes of $393,613, 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 41.34% of the township's housing units. Other types of housing that are prevalent in Bensalem include large apartment complexes or high rise apartments ( 30.47%), row houses and other attached homes ( 16.14%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.70%).

The most prevalent building size and type in Bensalem are three and four bedroom dwellings, chiefly found in single-family detached homes. The township has a mixture of owners and renters, with 58.02% owning and 41.98% 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 ( 31.17%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.90%). There's also some housing in Bensalem built before 1939 ( 4.92%).

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 4.62%, which is lower than 70% of US communities.

Over the last year, Bensalem appreciation rates have trailed the rest of the nation. In the last twelve months, Bensalem's appreciation rate has been 9.37%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Bensalem were at 3.26%, which equates to an annual appreciation rate of 13.67%.

Notably, Bensalem's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Pennsylvania, our data show that Bensalem's latest annual appreciation rate is lower than 60% 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 township. 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:
$393,613

Bensalem, PA HOME PRICES

> $1,370,000
$1,028,001 - $1,370,000
$685,001 - $1,028,000
$548,001 - $685,000
$411,001 - $548,000
$274,001 - $411,000
$137,001 - $274,000
$69,001 - $137,000
$0 - $69,000
0.6%
0.6%
0.4%
0.4%
5.0%
5.0%
9.0%
9.0%
28.5%
28.5%
40.0%
40.0%
10.7%
10.7%
2.0%
2.0%
3.9%
3.9%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very High for PA

Value Relative To Nation

Number Of Homes And Apartments:
23,482

Bensalem Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2022 Q2 - 2022 Q3
Last 12 Months:
2021 Q3 - 2022 Q3
Last 2 Years:
2020 Q3 - 2022 Q3
Last 5 Years:
2017 Q3 - 2022 Q3
Last 10 Years:
2012 Q3 - 2022 Q3
Since 2000:
2000 Q1 - 2022 Q3
145.32% 4.02%
9
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,983 / per month

Homeownership Rate

Owners
Renters
Vacant
58.0%
58.0%
42.0%
42.0%
4.9%
4.9%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
9.9%
9.9%
54.0%
54.0%
31.2%
31.2%
4.9%
4.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
41.3%
41.3%
16.1%
16.1%
8.7%
8.7%
30.5%
30.5%
3.3%
3.3%
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.9%
1.9%
20.1%
20.1%
26.5%
26.5%
32.4%
32.4%
16.4%
16.4%
2.7%
2.7%
0.0% 100.0%
% OF HOMES