Conshohocken, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Conshohocken Neighborhoods Since 2000




Conshohocken, PA Real Estate Data


Conshohocken Housing Market Information

With 7,956 people, 3,845 houses or apartments, and a median cost of homes of $315,034, Conshohocken real estate is some of the most expensive in Pennsylvania, although Conshohocken home values aren't among America's most expensive.

Row houses and other attached homes are the single most common housing type in Conshohocken, accounting for 40.86% of the borough's housing units. Other types of housing that are prevalent in Conshohocken include large apartment complexes or high rise apartments ( 30.60%), duplexes, homes converted to apartments or other small apartment buildings ( 15.88%), and a few single-family detached homes ( 12.44%). Boroughs with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact boroughs that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

People in Conshohocken primarily live in small (one, two or no bedroom) row houses and other attached homes. Conshohocken has a mixture of owner-occupied and renter-occupied housing.

The housing in Conshohocken was primarily built before 1939 ( 39.47%), making the housing stock in Conshohocken some of the oldest overall in America, although there is a range of ages of homes in Conshohocken. The next most important housing age is between 2000 and later ( 25.42%), followed by between 1940-1969 ( 22.87%). There's also some housing in Conshohocken built between 1970-1999 ( 12.24%).

Vacant housing appears to be an issue in Conshohocken. Fully 10.73% of the housing stock is classified as vacant. Left unchecked, vacant Conshohocken homes and apartments can be a drag on the real estate market, holding Conshohocken 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.

Conshohocken Home Appreciation Rates

Appreciation rates for homes in Conshohocken have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 13.14%, which ranks in the top 30% nationwide. This equates to an annual average Conshohocken house appreciation rate of 1.24%.

NeighborhoodScout's data show that during the latest twelve months, Conshohocken's appreciation rate, at 5.26%, has been at or slightly above the national average. In the latest quarter, Conshohocken's appreciation rate has been 1.89%, which annualizes to a rate of 7.76%.

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

Average Home Values

 

Median Home Value:
$315,034

Conshohocken, PA HOME PRICES

Value Range
> $1,160,000 0.0
$870,001 - $1,160,000 0.0
$580,001 - $870,000 0.4
$464,001 - $580,000 3.8
$348,001 - $464,000 26.2
$232,001 - $348,000 56.6
$115,001 - $232,000 7.3
$58,001 - $115,000 2.5
$0 - $58,000 3.2

Very High for PA
Very High for Nation

Value Relative to Nation Value Relative to State
15.4418223341336 6.66666666666667

Number Of Homes And Apartments:
3,845

Rent & Ownership

 

Average Market Rent:
$1,579 / per month

Homeownership Rate

Homeownership
Owners 51.01
Renters 48.99
Vacant 10.73

Housing Market Details

 

Age of Homes

AGE OF Conshohocken HOMES
2000 or Newer 25.4
1970 - 1999 12.2
1940 - 1969 22.9
1939 or Older 39.5

Types of Homes

TYPE OF Conshohocken HOMES
Single-Family 12.4
Townhomes 40.9
Small Apt. Buildings 15.9
Apt. Complexes 30.6
Mobile Homes 0.0
Other 0.2

Home Size

SIZE OF Conshohocken HOMES
No Bedroom 2.02
1 Bedroom 23.26
2 Bedrooms 27.30
3 Bedrooms 32.90
4 Bedrooms 11.56
5 or more bedrooms 2.95

Conshohocken Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
116.74% 4.66% 10 10
* 10 is highest