Downingtown, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Downingtown, 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

Downingtown Housing Market Information

With 7,946 people, 3,313 houses or apartments, and a median cost of homes of $258,231, Downingtown real estate is some of the most expensive in Pennsylvania, although Downingtown home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Downingtown, accounting for 29.22% of the borough's housing units. Other types of housing that are prevalent in Downingtown include row houses and other attached homes ( 28.78%), large apartment complexes or high rise apartments ( 26.97%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 14.90%).

The most prevalent building size and type in Downingtown are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 56.51% owning and 43.49% renting.

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. Downingtown's housing was primarily built during this period, from the '40s through the '60s. A full 41.29% of the borough's housing hails from this era. Other housing ages represented in Downingtown include homes built before 1939 ( 28.67%) and housing constructed between 1970-1999 ( 25.77%). There's also some housing in Downingtown built between 2000 and later ( 4.28%).

Downingtown Home Appreciation Rates

Appreciation rates for homes in Downingtown have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 1.35%, which ranks in the top 50% nationwide. This equates to an annual average Downingtown house appreciation rate of 0.13%.

NeighborhoodScout's data show that during the latest twelve months, Downingtown's appreciation rate, at 3.29%, has been at or slightly above the national average. In the latest quarter, Downingtown's appreciation rate has been 0.08%, which annualizes to a rate of 0.32%.

Relative to Pennsylvania, our data show that Downingtown's latest annual appreciation rate is higher than 60% 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

 

Median Home Value:
$258,231

Downingtown, PA HOME PRICES

Value Range
> $1,105,000 0.0
$829,001 - $1,105,000 0.0
$553,001 - $829,000 1.8
$442,001 - $553,000 1.8
$332,001 - $442,000 6.7
$221,001 - $332,000 53.4
$110,001 - $221,000 28.9
$55,001 - $110,000 3.9
$0 - $55,000 3.6

Very High for PA
High for Nation

Value Relative to Nation Value Relative to State
21.3289581624282 10.6280193236715

Number Of Homes And Apartments:
3,313

Downingtown 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
63.16% 2.88% 9 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,287 / per month

Homeownership Rate

Homeownership
Owners 56.51
Renters 43.49
Vacant 2.99

Housing Market Details

 

Age of Homes

AGE OF Downingtown HOMES
2000 or Newer 4.3
1970 - 1999 25.8
1940 - 1969 41.3
1939 or Older 28.7

Types of Homes

TYPE OF Downingtown HOMES
Single-Family 29.2
Townhomes 28.8
Small Apt. Buildings 14.9
Apt. Complexes 27.0
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF Downingtown HOMES
No Bedroom 3.19
1 Bedroom 14.17
2 Bedrooms 26.56
3 Bedrooms 39.82
4 Bedrooms 13.06
5 or more bedrooms 3.19