Bridgeville, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Bridgeville, PA Real Estate Data


Bridgeville Housing Market Information

With a population of 5,092, 2,484 total housing units (homes and apartments), and a median house value of $124,111, house prices in Bridgeville are solidly below the national average.

Single-family detached homes are the single most common housing type in Bridgeville, accounting for 63.73% of the borough's housing units. Other types of housing that are prevalent in Bridgeville include large apartment complexes or high rise apartments ( 19.54%), duplexes, homes converted to apartments or other small apartment buildings ( 15.19%), and a few row houses and other attached homes ( 1.35%).

People in Bridgeville primarily live in small (one, two or no bedroom) single-family detached homes. Bridgeville has a mixture of owner-occupied and renter-occupied housing.

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. Bridgeville's housing was primarily built during this period, from the '40s through the '60s. A full 47.81% of the borough's housing hails from this era. Other housing ages represented in Bridgeville include homes built before 1939 ( 26.73%) and housing constructed between 1970-1999 ( 23.56%). There's also some housing in Bridgeville built between 2000 and later ( 1.90%).

Bridgeville Home Appreciation Rates

Appreciation rates for homes in Bridgeville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 14.26%, which ranks in the top 30% nationwide. This equates to an annual average Bridgeville house appreciation rate of 1.34%.

Over the last year, Bridgeville appreciation rates have trailed the rest of the nation. In the last twelve months, Bridgeville's appreciation rate has been 2.87%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Bridgeville were at 2.53%, which equates to an annual appreciation rate of 10.50%.

Relative to Pennsylvania, our data show that Bridgeville's latest annual appreciation rate is lower than 80% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$124,111

Bridgeville, PA HOME PRICES

Value Range
> $1,123,000 0.0
$843,001 - $1,123,000 0.6
$562,001 - $843,000 0.8
$450,001 - $562,000 0.0
$337,001 - $450,000 0.0
$225,001 - $337,000 4.9
$112,001 - $225,000 52.1
$56,001 - $112,000 31.7
$0 - $56,000 9.9

Low for PA
Low for Nation

Value Relative to Nation Value Relative to State
64.0744861509633 61.6425120772947

Number Of Homes And Apartments:
2,484

Rent & Ownership

 

Average Market Rent:
$758 / per month

Homeownership Rate

Homeownership
Owners 61.46
Renters 38.54
Vacant 9.28

Housing Market Details

 

Age of Homes

AGE OF Bridgeville HOMES
2000 or Newer 1.9
1970 - 1999 23.6
1940 - 1969 47.8
1939 or Older 26.7

Types of Homes

TYPE OF Bridgeville HOMES
Single-Family 63.7
Townhomes 1.4
Small Apt. Buildings 15.2
Apt. Complexes 19.5
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Bridgeville HOMES
No Bedroom 2.70
1 Bedroom 22.75
2 Bedrooms 30.46
3 Bedrooms 35.68
4 Bedrooms 7.60
5 or more bedrooms 0.80

Bridgeville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
39.87% 1.99% 4 5
* 10 is highest