Darby, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Darby Neighborhoods Since 2000




Darby, PA Real Estate Data


Darby Housing Market Information

With a population of 10,687, 3,080 total housing units (homes and apartments), and a median house value of $75,612, house prices in Darby are some of the most affordable in Pennsylvania as well as the nation.

Row houses and other attached homes are the single most common housing type in Darby, accounting for 69.85% of the borough's housing units. Other types of housing that are prevalent in Darby include duplexes, homes converted to apartments or other small apartment buildings ( 17.57%), single-family detached homes ( 9.45%), and a few large apartment complexes or high rise apartments ( 2.56%). 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.

The most prevalent building size and type in Darby are three and four bedroom dwellings, chiefly found in row houses and other attached homes. The borough has a mixture of owners and renters, with 43.02% owning and 56.98% renting.

The housing in Darby was primarily built before 1939 ( 53.09%), making the housing stock in Darby some of the oldest overall in America, although there is a range of ages of homes in Darby. The next most important housing age is between 1940-1969 ( 41.32%), followed by between 1970-1999 ( 4.72%).

Vacant housing appears to be an issue in Darby. Fully 19.60% of the housing stock is classified as vacant. Left unchecked, vacant Darby homes and apartments can be a drag on the real estate market, holding Darby 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.

Darby Home Appreciation Rates

Homes have actually lost value in Darby over the last then years, as home values have seen a decline of 22.53% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Darby home appreciation rates at 1.89%, which equates to an annual appreciation rate of 7.76%.

Over the last year, Darby appreciation rates have trailed the rest of the nation. In the last twelve months, Darby's appreciation rate has been 3.88%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Darby were at 1.89%, which equates to an annual appreciation rate of 7.76%.

Relative to Pennsylvania, our data show that Darby's latest annual appreciation rate is lower than 50% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$75,612

Darby, PA HOME PRICES

Value Range
> $951,000 0.0
$713,001 - $951,000 0.0
$475,001 - $713,000 0.0
$380,001 - $475,000 0.0
$286,001 - $380,000 0.5
$190,001 - $286,000 3.7
$95,001 - $190,000 25.1
$48,001 - $95,000 57.9
$0 - $48,000 12.8

Very Low for PA
Very Low for Nation

Value Relative to Nation Value Relative to State
93.4092639222346 92.8502415458937

Number Of Homes And Apartments:
3,080

Rent & Ownership

 

Average Market Rent:
$985 / per month

Homeownership Rate

Homeownership
Owners 43.02
Renters 56.98
Vacant 19.60

Housing Market Details

 

Age of Homes

AGE OF Darby HOMES
2000 or Newer 0.9
1970 - 1999 4.7
1940 - 1969 41.3
1939 or Older 53.1

Types of Homes

TYPE OF Darby HOMES
Single-Family 9.4
Townhomes 69.9
Small Apt. Buildings 17.6
Apt. Complexes 2.6
Mobile Homes 0.0
Other 0.6

Home Size

SIZE OF Darby HOMES
No Bedroom 2.66
1 Bedroom 12.19
2 Bedrooms 9.84
3 Bedrooms 67.55
4 Bedrooms 4.57
5 or more bedrooms 3.18

Darby 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
24.82% 1.31% 1 2
* 10 is highest