Edgewood, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Edgewood Neighborhoods Since 2000




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 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

Edgewood Housing Market Information

With 3,069 people, 1,524 houses or apartments, and a median cost of homes of $181,628, 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 63.66% of the borough's housing units. Other types of housing that are prevalent in Edgewood include large apartment complexes or high rise apartments ( 23.27%), duplexes, homes converted to apartments or other small apartment buildings ( 10.58%), and a few row houses and other attached homes ( 2.30%).

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 61.68% owning and 38.32% renting.

The housing in Edgewood was primarily built before 1939 ( 54.32%), 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 ( 32.55%), followed by between 1970-1999 ( 12.94%).

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 31.80% over the last ten years, which is an average annual home appreciation rate of 2.80%, putting Edgewood in the top 10% 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.

Over the last year, Edgewood appreciation rates have trailed the rest of the nation. In the last twelve months, Edgewood's appreciation rate has been 2.46%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Edgewood were at -0.41%, which equates to an annual appreciation rate of -1.65%.

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:
$181,628

Edgewood, PA HOME PRICES

Value Range
> $1,110,000 0.3
$832,001 - $1,110,000 0.7
$555,001 - $832,000 0.9
$444,001 - $555,000 5.8
$333,001 - $444,000 10.9
$222,001 - $333,000 23.6
$111,001 - $222,000 41.6
$55,001 - $111,000 11.8
$0 - $55,000 4.2

High for PA
High for Nation

Value Relative to Nation Value Relative to State
37.6010781671159 26.7632850241546

Number Of Homes And Apartments:
1,524

Edgewood 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
72.48% 3.21% 10 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$848 / per month

Homeownership Rate

Homeownership
Owners 61.68
Renters 38.32
Vacant 5.16

Housing Market Details

 

Age of Homes

AGE OF Edgewood HOMES
2000 or Newer 0.2
1970 - 1999 12.9
1940 - 1969 32.5
1939 or Older 54.3

Types of Homes

TYPE OF Edgewood HOMES
Single-Family 63.7
Townhomes 2.3
Small Apt. Buildings 10.6
Apt. Complexes 23.3
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Edgewood HOMES
No Bedroom 1.74
1 Bedroom 19.85
2 Bedrooms 19.23
3 Bedrooms 31.99
4 Bedrooms 21.41
5 or more bedrooms 5.79