Bryn Mawr, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Bryn Mawr, 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 Q2 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

Bryn Mawr Housing Market Information

With a population of 3,808, 1,109 total housing units (homes and apartments), and a median house value of $504,410, Bryn Mawr house prices are not only among the most expensive in Pennsylvania, Bryn Mawr real estate also is some of the most expensive in all of America.

Large apartment complexes or high rise apartments are the single most common housing type in Bryn Mawr, accounting for 41.50% of the town's housing units. Other types of housing that are prevalent in Bryn Mawr include duplexes, homes converted to apartments or other small apartment buildings ( 23.68%), single-family detached homes ( 18.42%), and a few row houses and other attached homes ( 16.39%). Towns that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of towns are often walkable and compact, and often have a lively downtown.

Bryn Mawr is dominated by renter-occupied one, two, or no bedrooms apartments. 76.83% of Bryn Mawr's dwellings are rentals.

The housing in Bryn Mawr was primarily built before 1939 ( 38.87%), making the housing stock in Bryn Mawr some of the oldest overall in America, although there is a range of ages of homes in Bryn Mawr. The next most important housing age is between 1940-1969 ( 38.65%), followed by between 1970-1999 ( 19.92%). There's also some housing in Bryn Mawr built between 2000 and later ( 2.56%).

Vacant housing appears to be an issue in Bryn Mawr. Fully 16.62% of the housing stock is classified as vacant. Left unchecked, vacant Bryn Mawr homes and apartments can be a drag on the real estate market, holding Bryn Mawr real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Bryn Mawr Home Appreciation Rates

Appreciation rates for homes in Bryn Mawr have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 11.47%, which ranks in the top 30% nationwide. This equates to an annual average Bryn Mawr house appreciation rate of 1.09%.

NeighborhoodScout's data show that during the latest twelve months, Bryn Mawr's appreciation rate, at 5.18%, has been at or slightly above the national average. In the latest quarter, Bryn Mawr's appreciation rate has been 2.05%, which annualizes to a rate of 8.47%.

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

Average Home Values

 

Median Home Value:
$504,410

Bryn Mawr, PA HOME PRICES

Value Range
> $1,102,000 33.8
$826,001 - $1,102,000 11.9
$551,001 - $826,000 11.5
$441,001 - $551,000 7.7
$331,001 - $441,000 1.3
$220,001 - $331,000 21.9
$110,001 - $220,000 8.0
$55,001 - $110,000 2.9
$0 - $55,000 0.9

Very High for PA
Very High for Nation

Value Relative to Nation Value Relative to State
6.12448035599274 1.15942028985507

Number Of Homes And Apartments:
1,109

Bryn Mawr Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2017 Q1 - 2017 Q2
Last 12 Months:
2016 Q2 - 2017 Q2
Last 2 Years:
2015 Q2 - 2017 Q2
Last 5 Years:
2012 Q2 - 2017 Q2
Last 10 Years:
2007 Q2 - 2017 Q2
Since 2000:
2000 Q1 - 2017 Q2
65.22% 2.91% 9 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,836 / per month

Homeownership Rate

Homeownership
Owners 23.17
Renters 76.83
Vacant 16.62

Housing Market Details

 

Age of Homes

AGE OF Bryn Mawr HOMES
2000 or Newer 2.6
1970 - 1999 19.9
1940 - 1969 38.6
1939 or Older 38.9

Types of Homes

TYPE OF Bryn Mawr HOMES
Single-Family 18.4
Townhomes 16.4
Small Apt. Buildings 23.7
Apt. Complexes 41.5
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Bryn Mawr HOMES
No Bedroom 4.74
1 Bedroom 16.62
2 Bedrooms 35.86
3 Bedrooms 28.12
4 Bedrooms 6.47
5 or more bedrooms 8.20