Bernville, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Bernville, PA Real Estate Data


Bernville Housing Market Information

With 951 people, 328 houses or apartments, and a median cost of homes of $198,706, Bernville real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Bernville, accounting for 59.84% of the borough's housing units. Other types of housing that are prevalent in Bernville include row houses and other attached homes ( 19.42%), duplexes, homes converted to apartments or other small apartment buildings ( 17.06%), and a few large apartment complexes or high rise apartments ( 3.67%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Bernville. Owner-occupied housing accounts for 68.90% of Bernville's homes, and 57.22% have either three or four bedrooms, which is average sized relative to America.

The housing in Bernville was primarily built before 1939 ( 38.58%), making the housing stock in Bernville some of the oldest overall in America, although there is a range of ages of homes in Bernville. The next most important housing age is between 1940-1969 ( 28.87%), followed by between 1970-1999 ( 25.98%). There's also some housing in Bernville built between 2000 and later ( 6.56%).

Vacant housing appears to be an issue in Bernville. Fully 13.91% of the housing stock is classified as vacant. Left unchecked, vacant Bernville homes and apartments can be a drag on the real estate market, holding Bernville real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Bernville Home Appreciation Rates

Bernville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Bernville during the period has been just -1.02%, which is lower than 70% of US communities.

Over the last year, Bernville appreciation rates have trailed the rest of the nation. In the last twelve months, Bernville's appreciation rate has been 1.33%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Bernville were at -0.27%, which equates to an annual appreciation rate of -1.08%.

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

Average Home Values

 

Median Home Value:
$198,706

Bernville, PA HOME PRICES

Value Range
> $1,024,000 0.3
$768,001 - $1,024,000 0.0
$512,001 - $768,000 2.5
$410,001 - $512,000 3.8
$307,001 - $410,000 4.5
$205,001 - $307,000 34.9
$103,001 - $205,000 40.1
$51,001 - $103,000 10.1
$0 - $51,000 2.2

High for PA
High for Nation

Value Relative to Nation Value Relative to State
32.2805578342904 21.1594202898551

Number Of Homes And Apartments:
328

Rent & Ownership

 

Average Market Rent:
$1,046 / per month

Homeownership Rate

Homeownership
Owners 68.90
Renters 31.10
Vacant 13.91

Housing Market Details

 

Age of Homes

AGE OF Bernville HOMES
2000 or Newer 6.6
1970 - 1999 26.0
1940 - 1969 28.9
1939 or Older 38.6

Types of Homes

TYPE OF Bernville HOMES
Single-Family 59.8
Townhomes 19.4
Small Apt. Buildings 17.1
Apt. Complexes 3.7
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Bernville HOMES
No Bedroom 0.00
1 Bedroom 12.86
2 Bedrooms 27.56
3 Bedrooms 49.34
4 Bedrooms 7.87
5 or more bedrooms 2.36

Bernville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
33.69% 1.70% 3 4
* 10 is highest