Broomall, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Broomall Neighborhoods Since 2000




Broomall, 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

Broomall Housing Market Information

With 10,918 people, 4,048 houses or apartments, and a median cost of homes of $338,339, Broomall house prices are not only among the most expensive in Pennsylvania, Broomall 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 Broomall, accounting for 80.10% of the town's housing units. Other types of housing that are prevalent in Broomall include large apartment complexes or high rise apartments ( 9.67%), duplexes, homes converted to apartments or other small apartment buildings ( 7.71%), and a few row houses and other attached homes ( 2.51%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Broomall. Owner-occupied housing accounts for 80.31% of Broomall's homes, and 73.42% 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. Broomall's housing was primarily built during this period, from the '40s through the '60s. A full 82.02% of the town's housing hails from this era. Other housing ages represented in Broomall include homes built between 1970-1999 ( 13.12%) and housing constructed before 1939 ( 4.02%).

Broomall Home Appreciation Rates

Real estate appreciation rates in Broomall's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.40% during the period.

Over the last year, Broomall appreciation rates have trailed the rest of the nation. In the last twelve months, Broomall's appreciation rate has been 1.87%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Broomall were at 0.08%, which equates to an annual appreciation rate of 0.32%.

Relative to Pennsylvania, our data show that Broomall'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 Broomall differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Broomall - 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 Broomall real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$338,339

Broomall, PA HOME PRICES

Value Range
> $1,063,000 0.5
$797,001 - $1,063,000 1.1
$532,001 - $797,000 2.9
$425,001 - $532,000 13.2
$319,001 - $425,000 44.3
$213,001 - $319,000 30.7
$106,001 - $213,000 4.3
$53,001 - $106,000 0.2
$0 - $53,000 2.9

Very High for PA
Very High for Nation

Value Relative to Nation Value Relative to State
13.0669166764327 4.92753623188406

Number Of Homes And Apartments:
4,048

Broomall 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
55.03% 2.57% 8 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,509 / per month

Homeownership Rate

Homeownership
Owners 80.31
Renters 19.69
Vacant 3.07

Housing Market Details

 

Age of Homes

AGE OF Broomall HOMES
2000 or Newer 0.8
1970 - 1999 13.1
1940 - 1969 82.0
1939 or Older 4.0

Types of Homes

TYPE OF Broomall HOMES
Single-Family 80.1
Townhomes 2.5
Small Apt. Buildings 7.7
Apt. Complexes 9.7
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Broomall HOMES
No Bedroom 1.10
1 Bedroom 4.24
2 Bedrooms 17.46
3 Bedrooms 51.39
4 Bedrooms 22.03
5 or more bedrooms 3.78