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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 18,169, 2,131 total housing units (homes and apartments), and a median house value of $593,295, Chester Springs house prices are not only among the most expensive in Pennsylvania, Chester Springs real estate also is some of the most expensive in all of America.
Chester Springs is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Chester Springs than is found in 98% of the communities in America.
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Chester Springs. Owner-occupied housing accounts for 92.13% of Chester Springs's homes, and 79.33% have either three or four bedrooms, which is average sized relative to America.
Chester Springs homes and real estate are some of the newest in America. 42.95% of Chester Springs's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Chester Springs real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 39.39%), and before 1939 ( 11.09%). There's also some housing in Chester Springs built between 1940-1969 ( 6.56%).
Real estate appreciation rates in Chester Springs's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 1.43% during the period.
NeighborhoodScout's data show that during the latest twelve months, Chester Springs's appreciation rate, at 4.14%, has been at or slightly above the national average. In the latest quarter, Chester Springs's appreciation rate has been 1.63%, which annualizes to a rate of 6.66%.
Relative to Pennsylvania, our data show that Chester Springs's latest annual appreciation rate is higher than 60% of the other cities and towns in Pennsylvania.
|$863,001 - $1,151,000||6.5|
|$575,001 - $863,000||29.8|
|$461,001 - $575,000||24.0|
|$345,001 - $461,000||19.6|
|$230,001 - $345,000||8.5|
|$115,001 - $230,000||3.5|
|$57,001 - $115,000||1.0|
|$0 - $57,000||1.4|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2019 Q2 - 2019 Q3
Last 12 Months:
2018 Q3 - 2019 Q3
Last 2 Years:
2017 Q3 - 2019 Q3
Last 5 Years:
2014 Q3 - 2019 Q3
Last 10 Years:
2009 Q3 - 2019 Q3
2000 Q1 - 2019 Q3
|* 10 is highest|
|AGE OF Chester Springs HOMES|
|2000 or Newer||42.9|
|1970 - 1999||39.4|
|1940 - 1969||6.6|
|1939 or Older||11.1|
|TYPE OF Chester Springs HOMES|
|Small Apt. Buildings||1.4|
|SIZE OF Chester Springs HOMES|
|5 or more bedrooms||12.88|