Darby, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Darby Neighborhoods Since 2000




Darby, 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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

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

Darby Housing Market Information

With 10,687 people, 3,040 houses or apartments, and a median cost of homes of $70,490, 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 69.35% 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 ( 17.27%), single-family detached homes ( 10.04%), and a few large apartment complexes or high rise apartments ( 2.84%). This particular housing mix is relatively uncommon and characteristic of boroughs that are compact and walkable, and which often have a lively downtown.

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 42.96% owning and 57.04% renting.

The housing in Darby was primarily built before 1939 ( 54.14%), 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 ( 39.86%), followed by between 1970-1999 ( 5.22%).

Vacant housing appears to be an issue in Darby. Fully 20.69% 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 34.88% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Darby home appreciation rates at 0.08%, which equates to an annual appreciation rate of 0.32%.

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 -6.22%, 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 0.08%, which equates to an annual appreciation rate of 0.32%.

Relative to Pennsylvania, our data show that Darby's latest annual appreciation rate is lower than 90% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$70,490

Darby, PA HOME PRICES

Value Range
> $858,000 0.0
$643,001 - $858,000 0.0
$429,001 - $643,000 0.0
$343,001 - $429,000 2.1
$257,001 - $343,000 0.4
$172,001 - $257,000 4.0
$85,001 - $172,000 18.4
$43,001 - $85,000 62.6
$0 - $43,000 12.5

Very Low for PA
Very Low for Nation

Value Relative to Nation Value Relative to State
95.0662135239658 94.0096618357488

Number Of Homes And Apartments:
3,040

Darby Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
10.01% 0.55% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,349 / per month

Homeownership Rate

Homeownership
Owners 42.96
Renters 57.04
Vacant 20.69

Housing Market Details

 

Age of Homes

AGE OF Darby HOMES
2000 or Newer 0.8
1970 - 1999 5.2
1940 - 1969 39.9
1939 or Older 54.1

Types of Homes

TYPE OF Darby HOMES
Single-Family 10.0
Townhomes 69.3
Small Apt. Buildings 17.3
Apt. Complexes 2.8
Mobile Homes 0.0
Other 0.5

Home Size

SIZE OF Darby HOMES
No Bedroom 2.50
1 Bedroom 11.92
2 Bedrooms 11.48
3 Bedrooms 66.16
4 Bedrooms 5.40
5 or more bedrooms 2.53