Blue Bell, 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 Q1 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

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

Blue Bell, PA Housing Market Trends

With 6,165 people, 2,407 houses or apartments, and a median cost of homes of $509,316, 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 60.16% of the town's housing units. Other types of housing that are prevalent in Blue Bell include row houses and other attached homes ( 31.41%), large apartment complexes or high rise apartments ( 7.14%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.29%).

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 86.37% of Blue Bell's homes, and 68.93% 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 ( 17.36%). A lesser amount of the housing stock also hails from before 1939 ( 10.18%). There's also some housing in Blue Bell built between 2000 and later ( 4.63%).

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 2.66% 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 3.55%, 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 1.46%, which equates to an annual appreciation rate of 5.95%.

Relative to Pennsylvania, our data show that Blue Bell's latest annual appreciation rate is lower than 80% 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:
$509,316

Blue Bell, PA HOME PRICES

> $1,115,000
5.6%
5.6%
$836,001 - $1,115,000
5.2%
5.2%
$558,001 - $836,000
32.0%
32.0%
$446,001 - $558,000
20.3%
20.3%
$335,001 - $446,000
21.9%
21.9%
$223,001 - $335,000
11.2%
11.2%
$112,001 - $223,000
3.6%
3.6%
$56,001 - $112,000
0.0%
0.0%
$0 - $56,000
0.3%
0.3%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for PA

Value Relative To Nation

Number Of Homes And Apartments:
2,407

Blue Bell Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2020 Q4 - 2021 Q1
Last 12 Months:
2020 Q1 - 2021 Q1
Last 2 Years:
2019 Q1 - 2021 Q1
Last 5 Years:
2016 Q1 - 2021 Q1
Last 10 Years:
2011 Q1 - 2021 Q1
Since 2000:
2000 Q1 - 2021 Q1
86.49% 2.98%
8
6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,267 / per month

Homeownership Rate

Owners
86.4%
86.4%
Renters
13.6%
13.6%
Vacant
8.6%
8.6%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
4.6%
4.6%
1970 - 1999
67.8%
67.8%
1940 - 1969
17.4%
17.4%
1939 or Older
10.2%
10.2%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
60.2%
60.2%
Townhomes
31.4%
31.4%
Small Apt. Buildings
1.3%
1.3%
Apt. Complexes
7.1%
7.1%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.5%
2.5%
1 Bedroom
3.3%
3.3%
2 Bedrooms
17.0%
17.0%
3 Bedrooms
29.1%
29.1%
4 Bedrooms
39.8%
39.8%
5 or more bedrooms
8.3%
8.3%
0.0% 100.0%
% OF HOMES