Elverson, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Elverson Neighborhoods Since 2000




Elverson, PA Real Estate Data


Elverson Housing Market Information

With a population of 1,314, 635 total housing units (homes and apartments), and a median house value of $311,947, Elverson real estate is some of the most expensive in Pennsylvania, although Elverson home values aren't among America's most expensive.

Row houses and other attached homes are the single most common housing type in Elverson, accounting for 45.31% of the borough's housing units. Other types of housing that are prevalent in Elverson include single-family detached homes ( 41.43%), large apartment complexes or high rise apartments ( 8.94%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.32%). Boroughs with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact boroughs that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

Owner-occupied, three and four bedroom dwellings, primarily in row houses and other attached homes are the most prevalent type of housing you will see in Elverson. Owner-occupied housing accounts for 74.65% of Elverson's homes, and 73.03% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Elverson built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Elverson built between 2000 and later ( 26.38%). A lesser amount of the housing stock also hails from before 1939 ( 17.73%). There's also some housing in Elverson built between 1940-1969 ( 2.98%).

Elverson Home Appreciation Rates

Elverson's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Elverson during the period has been just -0.86%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Elverson's appreciation rate, at 5.52%, has been at or slightly above the national average. In the latest quarter, Elverson's appreciation rate has been 1.89%, which annualizes to a rate of 7.76%.

Relative to Pennsylvania, our data show that Elverson's latest annual appreciation rate is higher than 80% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$311,947

Elverson, PA HOME PRICES

Value Range
> $1,075,000 1.9
$806,001 - $1,075,000 3.8
$537,001 - $806,000 5.9
$430,001 - $537,000 7.2
$322,001 - $430,000 24.0
$215,001 - $322,000 38.0
$107,001 - $215,000 9.3
$54,001 - $107,000 1.2
$0 - $54,000 8.6

Very High for PA
Very High for Nation

Value Relative to Nation Value Relative to State
15.7170463196112 6.76328502415459

Number Of Homes And Apartments:
635

Rent & Ownership

 

Average Market Rent:
$1,266 / per month

Homeownership Rate

Homeownership
Owners 74.65
Renters 25.35
Vacant 5.37

Housing Market Details

 

Age of Homes

AGE OF Elverson HOMES
2000 or Newer 26.4
1970 - 1999 52.9
1940 - 1969 3.0
1939 or Older 17.7

Types of Homes

TYPE OF Elverson HOMES
Single-Family 41.4
Townhomes 45.3
Small Apt. Buildings 4.3
Apt. Complexes 8.9
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Elverson HOMES
No Bedroom 0.00
1 Bedroom 9.39
2 Bedrooms 15.80
3 Bedrooms 56.93
4 Bedrooms 16.10
5 or more bedrooms 1.79

Elverson Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
43.24% 2.14% 4 5
* 10 is highest