Drexel Hill, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Drexel Hill, 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

Drexel Hill Housing Market Information

With a population of 28,088, 10,891 total housing units (homes and apartments), and a median house value of $179,452, Drexel Hill real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Drexel Hill, accounting for 37.91% of the town's housing units. Other types of housing that are prevalent in Drexel Hill include row houses and other attached homes ( 30.75%), large apartment complexes or high rise apartments ( 15.89%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 15.20%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Drexel Hill. Owner-occupied housing accounts for 65.27% of Drexel Hill's homes, and 59.05% 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. Drexel Hill's housing was primarily built during this period, from the '40s through the '60s. A full 64.16% of the town's housing hails from this era. Other housing ages represented in Drexel Hill include homes built before 1939 ( 28.37%) and housing constructed between 1970-1999 ( 6.86%).

Drexel Hill Home Appreciation Rates

Homes have actually lost value in Drexel Hill over the last then years, as home values have seen a decline of 24.19% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Drexel Hill home appreciation rates at 0.08%, which equates to an annual appreciation rate of 0.32%.

Over the last year, Drexel Hill appreciation rates have trailed the rest of the nation. In the last twelve months, Drexel Hill's appreciation rate has been 0.46%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Drexel Hill were at 0.08%, which equates to an annual appreciation rate of 0.32%.

Relative to Pennsylvania, our data show that Drexel Hill's latest annual appreciation rate is lower 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 town. Individual neighborhoods within Drexel Hill differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Drexel Hill - 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 Drexel Hill real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$179,452

Drexel Hill, PA HOME PRICES

Value Range
> $956,000 0.6
$717,001 - $956,000 0.1
$478,001 - $717,000 0.2
$382,001 - $478,000 1.1
$287,001 - $382,000 10.2
$191,001 - $287,000 31.6
$95,001 - $191,000 50.0
$48,001 - $95,000 3.7
$0 - $48,000 2.6

High for PA
High for Nation

Value Relative to Nation Value Relative to State
38.3511074651354 27.43961352657

Number Of Homes And Apartments:
10,891

Drexel Hill 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
22.29% 1.17% 1 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,204 / per month

Homeownership Rate

Homeownership
Owners 65.27
Renters 34.73
Vacant 7.60

Housing Market Details

 

Age of Homes

AGE OF Drexel Hill HOMES
2000 or Newer 0.6
1970 - 1999 6.9
1940 - 1969 64.2
1939 or Older 28.4

Types of Homes

TYPE OF Drexel Hill HOMES
Single-Family 37.9
Townhomes 30.8
Small Apt. Buildings 15.2
Apt. Complexes 15.9
Mobile Homes 0.1
Other 0.1

Home Size

SIZE OF Drexel Hill HOMES
No Bedroom 1.63
1 Bedroom 13.07
2 Bedrooms 18.70
3 Bedrooms 43.82
4 Bedrooms 15.23
5 or more bedrooms 7.56