Downingtown, PA Real Estate Market

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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Downingtown, PA Housing Market Trends

With a population of 7,897, 3,175 total housing units (homes and apartments), and a median house value of $303,898, Downingtown real estate is some of the most expensive in Pennsylvania, although Downingtown home values aren't among America's most expensive.

Row houses and other attached homes are the single most common housing type in Downingtown, accounting for 36.36% of the borough's housing units. Other types of housing that are prevalent in Downingtown include large apartment complexes or high rise apartments ( 24.73%), single-family detached homes ( 23.34%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 15.58%). Boroughs that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of boroughs are often walkable and compact, and often have a lively downtown.

The most prevalent building size and type in Downingtown 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 53.30% owning and 46.70% renting.

The housing in Downingtown was primarily built before 1939 ( 36.06%), making the housing stock in Downingtown some of the oldest overall in America, although there is a range of ages of homes in Downingtown. The next most important housing age is between 1970-1999 ( 28.63%), followed by between 1940-1969 ( 28.21%). There's also some housing in Downingtown built between 2000 and later ( 7.10%).

Downingtown Home Appreciation Rates

Real estate appreciation rates in Downingtown's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 2.72% during the period.

NeighborhoodScout's data show that during the latest twelve months, Downingtown's appreciation rate, at 6.04%, has been at or slightly above the national average. In the latest quarter, Downingtown's appreciation rate has been 2.65%, which annualizes to a rate of 11.02%.

Relative to Pennsylvania, our data show that Downingtown's latest annual appreciation rate is higher than 70% 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 Downingtown differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Downingtown - 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 Downingtown real estate investment or home purchase decisions.

Average Home Values

 
info

Median Home Value:
$303,898

Downingtown Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
91.80% 3.15%
9
7
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$1,676 / per month

Homeownership Rate

Owners
53.3%
53.3%
Renters
46.7%
46.7%
Vacant
5.6%
5.6%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
7.1%
7.1%
1970 - 1999
28.6%
28.6%
1940 - 1969
28.2%
28.2%
1939 or Older
36.1%
36.1%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
23.3%
23.3%
Townhomes
36.4%
36.4%
Small Apt. Buildings
15.6%
15.6%
Apt. Complexes
24.7%
24.7%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.5%
1.5%
1 Bedroom
19.0%
19.0%
2 Bedrooms
24.9%
24.9%
3 Bedrooms
37.2%
37.2%
4 Bedrooms
12.0%
12.0%
5 or more bedrooms
5.5%
5.5%
0.0% 100.0%
% OF HOMES