Edgewood PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Edgewood, 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 Q4 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

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

Edgewood Housing Market Information

With 3,012 people, 1,566 houses or apartments, and a median cost of homes of $232,878, Edgewood real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Edgewood, accounting for 62.87% of the borough's housing units. Other types of housing that are prevalent in Edgewood include large apartment complexes or high rise apartments ( 20.37%), duplexes, homes converted to apartments or other small apartment buildings ( 11.03%), and a few row houses and other attached homes ( 5.73%).

The most prevalent building size and type in Edgewood are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 62.58% owning and 37.42% renting.

The housing in Edgewood was primarily built before 1939 ( 55.58%), making the housing stock in Edgewood some of the oldest overall in America, although there is a range of ages of homes in Edgewood. The next most important housing age is between 1940-1969 ( 26.79%), followed by between 1970-1999 ( 16.01%). There's also some housing in Edgewood built between 2000 and later ( 1.62%).

Edgewood Home Appreciation Rates

In the last 10 years, Edgewood has experienced some of the highest home appreciation rates of any community in the nation. Edgewood real estate appreciated 47.07% over the last ten years, which is an average annual home appreciation rate of 3.93%, putting Edgewood in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Edgewood definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Edgewood's appreciation rate, at 4.25%, has been at or slightly above the national average. In the latest quarter, Edgewood's appreciation rate has been 0.32%, which annualizes to a rate of 1.30%.

Notably, Edgewood's appreciation rate in the latest quarter is one of the lowest in America.

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

Average Home Values

 

Median Home Value:
$232,878

Edgewood, PA HOME PRICES

Value Range
> $1,187,000 0.4
$890,001 - $1,187,000 0.8
$594,001 - $890,000 2.7
$475,001 - $594,000 6.6
$356,001 - $475,000 11.6
$237,001 - $356,000 26.7
$119,001 - $237,000 41.5
$59,001 - $119,000 7.9
$0 - $59,000 1.8

Very High for PA
High for Nation

Value Relative to Nation Value Relative to State
31.3459854014599 19.015444015444

Number Of Homes And Apartments:
1,566

Edgewood Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2019 Q3 - 2019 Q4
Last 12 Months:
2018 Q4 - 2019 Q4
Last 2 Years:
2017 Q4 - 2019 Q4
Last 5 Years:
2014 Q4 - 2019 Q4
Last 10 Years:
2009 Q4 - 2019 Q4
Since 2000:
2000 Q1 - 2019 Q4
99.59% 3.52%
10
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,061 / per month

Homeownership Rate

Homeownership
Owners 62.58
Renters 37.42
Vacant 2.43

Housing Market Details

 

Age of Homes

AGE OF Edgewood HOMES
2000 or Newer 1.6
1970 - 1999 16.0
1940 - 1969 26.8
1939 or Older 55.6

Types of Homes

TYPE OF Edgewood HOMES
Single-Family 62.9
Townhomes 5.7
Small Apt. Buildings 11.0
Apt. Complexes 20.4
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Edgewood HOMES
No Bedroom 1.93
1 Bedroom 19.56
2 Bedrooms 19.63
3 Bedrooms 32.46
4 Bedrooms 13.96
5 or more bedrooms 12.46