Bridgeville, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Bridgeville Neighborhoods Since 2000




Bridgeville, 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

Bridgeville Housing Market Information

With a population of 5,092, 2,546 total housing units (homes and apartments), and a median house value of $136,877, 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 65.44% of the borough's housing units. Other types of housing that are prevalent in Bridgeville include large apartment complexes or high rise apartments ( 20.40%), duplexes, homes converted to apartments or other small apartment buildings ( 11.89%), and a few row houses and other attached homes ( 2.02%).

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 49.05% of the borough's housing hails from this era. Other housing ages represented in Bridgeville include homes built before 1939 ( 29.86%) and housing constructed between 1970-1999 ( 18.09%). There's also some housing in Bridgeville built between 2000 and later ( 3.01%).

Bridgeville Home Appreciation Rates

In the last 10 years, Bridgeville has experienced some of the highest home appreciation rates of any community in the nation. Bridgeville real estate appreciated 18.64% over the last ten years, which is an average annual home appreciation rate of 1.72%, putting Bridgeville in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Bridgeville definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Bridgeville's appreciation rate, at 4.06%, has been at or slightly above the national average. In the latest quarter, Bridgeville's appreciation rate has been -0.41%, which annualizes to a rate of -1.65%.

Relative to Pennsylvania, our data show that Bridgeville's latest annual appreciation rate is higher than 70% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$136,877

Bridgeville, PA HOME PRICES

Value Range
> $1,133,000 0.0
$850,001 - $1,133,000 0.7
$566,001 - $850,000 2.3
$453,001 - $566,000 0.0
$340,001 - $453,000 0.9
$227,001 - $340,000 6.1
$113,001 - $227,000 54.5
$57,001 - $113,000 26.6
$0 - $57,000 8.9

Average for PA
Average for Nation

Value Relative to Nation Value Relative to State
56.2932145786945 51.8840579710145

Number Of Homes And Apartments:
2,546

Bridgeville 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
44.93% 2.17% 6 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$808 / per month

Homeownership Rate

Homeownership
Owners 59.27
Renters 40.73
Vacant 6.60

Housing Market Details

 

Age of Homes

AGE OF Bridgeville HOMES
2000 or Newer 3.0
1970 - 1999 18.1
1940 - 1969 49.0
1939 or Older 29.9

Types of Homes

TYPE OF Bridgeville HOMES
Single-Family 65.4
Townhomes 2.0
Small Apt. Buildings 11.9
Apt. Complexes 20.4
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Bridgeville HOMES
No Bedroom 3.12
1 Bedroom 22.74
2 Bedrooms 30.41
3 Bedrooms 34.78
4 Bedrooms 8.11
5 or more bedrooms 0.84