Croydon, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Croydon, PA Real Estate Data


Croydon Housing Market Information

With 10,011 people, 3,693 houses or apartments, and a median cost of homes of $218,153, Croydon real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Croydon, accounting for 78.61% of the town's housing units. Other types of housing that are prevalent in Croydon include large apartment complexes or high rise apartments ( 16.51%), duplexes, homes converted to apartments or other small apartment buildings ( 3.45%), and a few row houses and other attached homes ( 1.20%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Croydon. Owner-occupied housing accounts for 74.64% of Croydon's homes, and 64.85% 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. Croydon's housing was primarily built during this period, from the '40s through the '60s. A full 59.55% of the town's housing hails from this era. Other housing ages represented in Croydon include homes built between 1970-1999 ( 25.99%) and housing constructed before 1939 ( 11.27%). There's also some housing in Croydon built between 2000 and later ( 3.18%).

Croydon Home Appreciation Rates

Croydon's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Croydon during the period has been just -1.45%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Croydon's appreciation rate, at 4.85%, has been at or slightly above the national average. In the latest quarter, Croydon's appreciation rate has been 1.89%, which annualizes to a rate of 7.76%.

Relative to Pennsylvania, our data show that Croydon's latest annual appreciation rate is higher than 70% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$218,153

Croydon, PA HOME PRICES

Value Range
> $1,057,000 0.0
$793,001 - $1,057,000 0.0
$529,001 - $793,000 0.4
$423,001 - $529,000 0.0
$317,001 - $423,000 4.2
$212,001 - $317,000 48.6
$106,001 - $212,000 38.7
$53,001 - $106,000 5.2
$0 - $53,000 2.9

Very High for PA
High for Nation

Value Relative to Nation Value Relative to State
28.9570767699245 17.3913043478261

Number Of Homes And Apartments:
3,693

Rent & Ownership

 

Average Market Rent:
$1,158 / per month

Homeownership Rate

Homeownership
Owners 74.64
Renters 25.36
Vacant 9.53

Housing Market Details

 

Age of Homes

AGE OF Croydon HOMES
2000 or Newer 3.2
1970 - 1999 26.0
1940 - 1969 59.6
1939 or Older 11.3

Types of Homes

TYPE OF Croydon HOMES
Single-Family 78.6
Townhomes 1.2
Small Apt. Buildings 3.5
Apt. Complexes 16.5
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Croydon HOMES
No Bedroom 4.61
1 Bedroom 8.87
2 Bedrooms 18.91
3 Bedrooms 46.37
4 Bedrooms 18.47
5 or more bedrooms 2.77

Croydon 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
53.14% 2.54% 7 6
* 10 is highest