Chalfont, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Chalfont, 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

Chalfont Housing Market Information

With a population of 4,069, 1,446 total housing units (homes and apartments), and a median house value of $341,846, Chalfont house prices are not only among the most expensive in Pennsylvania, Chalfont 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 Chalfont, accounting for 67.05% of the borough's housing units. Other types of housing that are prevalent in Chalfont include row houses and other attached homes ( 19.39%), duplexes, homes converted to apartments or other small apartment buildings ( 6.85%), and a few large apartment complexes or high rise apartments ( 6.72%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Chalfont. Owner-occupied housing accounts for 84.27% of Chalfont's homes, and 77.22% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Chalfont 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 Chalfont built between 1940-1969 ( 28.02%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.07%). There's also some housing in Chalfont built before 1939 ( 11.07%).

Chalfont Home Appreciation Rates

Real estate appreciation rates in Chalfont's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.78% during the period.

Over the last year, Chalfont appreciation rates have trailed the rest of the nation. In the last twelve months, Chalfont's appreciation rate has been 1.73%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Chalfont were at 0.08%, which equates to an annual appreciation rate of 0.32%.

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

Average Home Values

 

Median Home Value:
$341,846

Chalfont, PA HOME PRICES

Value Range
> $1,044,000 0.7
$783,001 - $1,044,000 0.0
$522,001 - $783,000 3.5
$418,001 - $522,000 12.0
$313,001 - $418,000 46.8
$209,001 - $313,000 26.7
$104,001 - $209,000 5.4
$52,001 - $104,000 0.6
$0 - $52,000 4.4

Very High for PA
Very High for Nation

Value Relative to Nation Value Relative to State
12.7504980663307 4.44444444444444

Number Of Homes And Apartments:
1,446

Chalfont 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
59.13% 2.73% 8 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,564 / per month

Homeownership Rate

Homeownership
Owners 84.27
Renters 15.73
Vacant 7.49

Housing Market Details

 

Age of Homes

AGE OF Chalfont HOMES
2000 or Newer 11.1
1970 - 1999 49.8
1940 - 1969 28.0
1939 or Older 11.1

Types of Homes

TYPE OF Chalfont HOMES
Single-Family 67.1
Townhomes 19.4
Small Apt. Buildings 6.8
Apt. Complexes 6.7
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Chalfont HOMES
No Bedroom 0.00
1 Bedroom 8.51
2 Bedrooms 11.20
3 Bedrooms 44.21
4 Bedrooms 33.01
5 or more bedrooms 3.07