Blue Bell, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Blue Bell Neighborhoods Since 2000




Blue Bell, 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

Blue Bell Housing Market Information

With a population of 6,165, 2,377 total housing units (homes and apartments), and a median house value of $473,632, Blue Bell house prices are not only among the most expensive in Pennsylvania, Blue Bell 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 Blue Bell, accounting for 60.74% of the town's housing units. Other types of housing that are prevalent in Blue Bell include row houses and other attached homes ( 29.37%), large apartment complexes or high rise apartments ( 8.96%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Blue Bell. Owner-occupied housing accounts for 88.03% of Blue Bell's homes, and 64.09% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Blue Bell 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 Blue Bell built between 1940-1969 ( 24.05%). A lesser amount of the housing stock also hails from before 1939 ( 5.32%). There's also some housing in Blue Bell built between 2000 and later ( 2.41%).

Blue Bell Home Appreciation Rates

Real estate appreciation rates in Blue Bell's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.02% during the period.

Over the last year, Blue Bell appreciation rates have trailed the rest of the nation. In the last twelve months, Blue Bell's appreciation rate has been 1.89%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Blue Bell were at 0.08%, which equates to an annual appreciation rate of 0.32%.

Relative to Pennsylvania, our data show that Blue Bell's latest annual appreciation rate is lower 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 Blue Bell differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Blue Bell - 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 Blue Bell real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$473,632

Blue Bell, PA HOME PRICES

Value Range
> $1,097,000 3.8
$823,001 - $1,097,000 5.7
$549,001 - $823,000 21.1
$439,001 - $549,000 19.5
$329,001 - $439,000 29.8
$220,001 - $329,000 13.8
$110,001 - $220,000 4.0
$55,001 - $110,000 0.3
$0 - $55,000 2.0

Very High for PA
Very High for Nation

Value Relative to Nation Value Relative to State
6.65651001992265 1.44927536231884

Number Of Homes And Apartments:
2,377

Blue Bell 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
61.55% 2.82% 9 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,907 / per month

Homeownership Rate

Homeownership
Owners 88.03
Renters 11.97
Vacant 2.78

Housing Market Details

 

Age of Homes

AGE OF Blue Bell HOMES
2000 or Newer 2.4
1970 - 1999 68.2
1940 - 1969 24.0
1939 or Older 5.3

Types of Homes

TYPE OF Blue Bell HOMES
Single-Family 60.7
Townhomes 29.4
Small Apt. Buildings 0.9
Apt. Complexes 9.0
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Blue Bell HOMES
No Bedroom 2.82
1 Bedroom 4.66
2 Bedrooms 17.91
3 Bedrooms 25.89
4 Bedrooms 38.20
5 or more bedrooms 10.51