Cheltenham, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Cheltenham Neighborhoods Since 2000




Cheltenham, 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

Cheltenham Housing Market Information

With a population of 7,863, 1,472 total housing units (homes and apartments), and a median house value of $236,838, Cheltenham real estate is some of the most expensive in Pennsylvania, although Cheltenham home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Cheltenham, accounting for 67.73% of the town's housing units. Other types of housing that are prevalent in Cheltenham include row houses and other attached homes ( 18.04%), duplexes, homes converted to apartments or other small apartment buildings ( 9.08%), and a few large apartment complexes or high rise apartments ( 5.15%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Cheltenham. Owner-occupied housing accounts for 85.03% of Cheltenham's homes, and 75.24% 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. Cheltenham's housing was primarily built during this period, from the '40s through the '60s. A full 59.42% of the town's housing hails from this era. Other housing ages represented in Cheltenham include homes built before 1939 ( 28.81%) and housing constructed between 1970-1999 ( 10.36%). There's also some housing in Cheltenham built between 2000 and later ( 1.41%).

Cheltenham Home Appreciation Rates

Homes have actually lost value in Cheltenham over the last then years, as home values have seen a decline of 21.15% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Cheltenham home appreciation rates at 0.08%, which equates to an annual appreciation rate of 0.32%.

Over the last year, Cheltenham appreciation rates have trailed the rest of the nation. In the last twelve months, Cheltenham's appreciation rate has been 0.03%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Cheltenham were at 0.08%, which equates to an annual appreciation rate of 0.32%.

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

Average Home Values

 

Median Home Value:
$236,838

Cheltenham, PA HOME PRICES

Value Range
> $1,005,000 0.0
$754,001 - $1,005,000 0.0
$503,001 - $754,000 1.3
$402,001 - $503,000 1.6
$302,001 - $402,000 17.7
$201,001 - $302,000 49.7
$101,001 - $201,000 24.3
$50,001 - $101,000 2.8
$0 - $50,000 2.6

Very High for PA
High for Nation

Value Relative to Nation Value Relative to State
24.6513535684988 13.8164251207729

Number Of Homes And Apartments:
1,472

Cheltenham 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
32.32% 1.64% 3 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,407 / per month

Homeownership Rate

Homeownership
Owners 85.03
Renters 14.97
Vacant 3.99

Housing Market Details

 

Age of Homes

AGE OF Cheltenham HOMES
2000 or Newer 1.4
1970 - 1999 10.4
1940 - 1969 59.4
1939 or Older 28.8

Types of Homes

TYPE OF Cheltenham HOMES
Single-Family 67.7
Townhomes 18.0
Small Apt. Buildings 9.1
Apt. Complexes 5.1
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Cheltenham HOMES
No Bedroom 0.16
1 Bedroom 10.11
2 Bedrooms 5.84
3 Bedrooms 43.23
4 Bedrooms 32.01
5 or more bedrooms 8.65