Chester Springs PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Chester Springs, 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 Q3 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Chester Springs Housing Market Information

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%).

Chester Springs Home Appreciation Rates

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.

Average Home Values

 

Median Home Value:
$593,295

Chester Springs, PA HOME PRICES

Value Range
> $1,151,000 5.7
$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

Very High for PA
Very High for Nation

Value Relative to Nation Value Relative to State
5.01605839416058 0.772200772200772

Number Of Homes And Apartments:
2,131

Chester Springs Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2019 Q3
67.99% 2.66%
7
6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,213 / per month

Homeownership Rate

Homeownership
Owners 92.13
Renters 7.87
Vacant 1.40

Housing Market Details

 

Age of Homes

AGE OF Chester Springs HOMES
2000 or Newer 42.9
1970 - 1999 39.4
1940 - 1969 6.6
1939 or Older 11.1

Types of Homes

TYPE OF Chester Springs HOMES
Single-Family 81.0
Townhomes 15.1
Small Apt. Buildings 1.4
Apt. Complexes 2.5
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Chester Springs HOMES
No Bedroom 0.13
1 Bedroom 2.83
2 Bedrooms 4.83
3 Bedrooms 27.73
4 Bedrooms 51.60
5 or more bedrooms 12.88