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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

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

Berwyn Housing Market Information

With a population of 3,676, 1,348 total housing units (homes and apartments), and a median house value of $517,917, 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 52.84% of the town's housing units. Other types of housing that are prevalent in Berwyn include large apartment complexes or high rise apartments ( 25.32%), row houses and other attached homes ( 12.82%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 9.03%).

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 69.99% of Berwyn's homes, and 56.00% 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 51.01% of the town's housing hails from this era. Other housing ages represented in Berwyn include homes built between 1970-1999 ( 26.45%) and housing constructed before 1939 ( 15.28%). There's also some housing in Berwyn built between 2000 and later ( 7.26%).

Vacant housing appears to be an issue in Berwyn. Fully 14.90% 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

Appreciation rates for homes in Berwyn have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 1.65%, which ranks in the top 50% nationwide. This equates to an annual average Berwyn house appreciation rate of 0.16%.

Over the last year, Berwyn appreciation rates have trailed the rest of the nation. In the last twelve months, Berwyn's appreciation rate has been 1.59%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Berwyn were at 0.08%, which equates to an annual appreciation rate of 0.32%.

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

Average Home Values

 

Median Home Value:
$517,917

Berwyn, PA HOME PRICES

Value Range
> $1,081,000 7.6
$811,001 - $1,081,000 8.2
$541,001 - $811,000 25.9
$432,001 - $541,000 27.8
$325,001 - $432,000 16.5
$216,001 - $325,000 10.5
$108,001 - $216,000 1.6
$54,001 - $108,000 0.0
$0 - $54,000 1.9

Very High for PA
Very High for Nation

Value Relative to Nation Value Relative to State
5.46701043009493 0.966183574879227

Number Of Homes And Apartments:
1,348

Berwyn Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
80.20% 3.47% 10 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,456 / per month

Homeownership Rate

Homeownership
Owners 69.99
Renters 30.01
Vacant 14.90

Housing Market Details

 

Age of Homes

AGE OF Berwyn HOMES
2000 or Newer 7.3
1970 - 1999 26.5
1940 - 1969 51.0
1939 or Older 15.3

Types of Homes

TYPE OF Berwyn HOMES
Single-Family 52.8
Townhomes 12.8
Small Apt. Buildings 9.0
Apt. Complexes 25.3
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Berwyn HOMES
No Bedroom 10.54
1 Bedroom 15.97
2 Bedrooms 7.58
3 Bedrooms 38.32
4 Bedrooms 17.68
5 or more bedrooms 9.91