Berwyn, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Berwyn, 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 Q3 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

Berwyn Housing Market Information

With 3,676 people, 1,373 houses or apartments, and a median cost of homes of $560,477, Berwyn house prices are not only among the most expensive in Pennsylvania, Berwyn 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 Berwyn, accounting for 54.28% of the town's housing units. Other types of housing that are prevalent in Berwyn include large apartment complexes or high rise apartments ( 25.96%), row houses and other attached homes ( 13.26%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.51%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Berwyn. Owner-occupied housing accounts for 73.47% of Berwyn's homes, and 57.87% 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. Berwyn's housing was primarily built during this period, from the '40s through the '60s. A full 62.02% of the town's housing hails from this era. Other housing ages represented in Berwyn include homes built between 1970-1999 ( 19.27%) and housing constructed before 1939 ( 13.14%). There's also some housing in Berwyn built between 2000 and later ( 5.58%).

Vacant housing appears to be an issue in Berwyn. Fully 14.93% of the housing stock is classified as vacant. Left unchecked, vacant Berwyn homes and apartments can be a drag on the real estate market, holding Berwyn 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.

Berwyn Home Appreciation Rates

Real estate appreciation rates in Berwyn's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 1.16% during the period.

NeighborhoodScout's data show that during the latest twelve months, Berwyn's appreciation rate, at 5.68%, has been at or slightly above the national average. In the latest quarter, Berwyn's appreciation rate has been 1.35%, which annualizes to a rate of 5.53%.

Relative to Pennsylvania, our data show that Berwyn's latest annual appreciation rate is higher than 60% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$560,477

Berwyn, PA HOME PRICES

Value Range
> $1,176,000 6.6
$883,001 - $1,176,000 8.4
$588,001 - $883,000 24.4
$471,001 - $588,000 28.6
$353,001 - $471,000 18.2
$235,001 - $353,000 10.4
$118,001 - $235,000 0.9
$59,001 - $118,000 0.0
$0 - $59,000 2.4

Very High for PA
Very High for Nation

Value Relative to Nation Value Relative to State
5.73430656934307 1.06177606177606

Number Of Homes And Apartments:
1,373

Berwyn Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2018 Q2 - 2018 Q3
Last 12 Months:
2017 Q3 - 2018 Q3
Last 2 Years:
2016 Q3 - 2018 Q3
Last 5 Years:
2013 Q3 - 2018 Q3
Last 10 Years:
2008 Q3 - 2018 Q3
Since 2000:
2000 Q1 - 2018 Q3
97.24% 3.69%
10
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,237 / per month

Homeownership Rate

Homeownership
Owners 73.47
Renters 26.53
Vacant 14.93

Housing Market Details

 

Age of Homes

AGE OF Berwyn HOMES
2000 or Newer 5.6
1970 - 1999 19.3
1940 - 1969 62.0
1939 or Older 13.1

Types of Homes

TYPE OF Berwyn HOMES
Single-Family 54.3
Townhomes 13.3
Small Apt. Buildings 6.5
Apt. Complexes 26.0
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Berwyn HOMES
No Bedroom 13.01
1 Bedroom 12.39
2 Bedrooms 9.23
3 Bedrooms 36.80
4 Bedrooms 21.07
5 or more bedrooms 7.50