Elverson, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Elverson Neighborhoods Since 2000




Elverson, 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

Elverson Housing Market Information

With a population of 1,314, 626 total housing units (homes and apartments), and a median house value of $303,498, 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 46.38% of the borough's housing units. Other types of housing that are prevalent in Elverson include single-family detached homes ( 36.96%), large apartment complexes or high rise apartments ( 11.30%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.36%). This particular housing mix is relatively uncommon and characteristic of boroughs that are compact and walkable, and which often have a lively downtown.

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 72.52% of Elverson's homes, and 70.00% 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 ( 29.57%). A lesser amount of the housing stock also hails from before 1939 ( 17.83%). There's also some housing in Elverson built between 1940-1969 ( 3.04%).

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 -1.03%, which is lower than 70% of US communities.

Over the last year, Elverson appreciation rates have trailed the rest of the nation. In the last twelve months, Elverson's appreciation rate has been 2.39%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Elverson were at 0.08%, which equates to an annual appreciation rate of 0.32%.

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

Average Home Values

 

Median Home Value:
$303,498

Elverson, PA HOME PRICES

Value Range
> $1,053,000 1.1
$789,001 - $1,053,000 4.1
$526,001 - $789,000 4.9
$421,001 - $526,000 7.9
$315,001 - $421,000 23.5
$210,001 - $315,000 39.5
$105,001 - $210,000 9.6
$53,001 - $105,000 0.7
$0 - $53,000 8.6

Very High for PA
Very High for Nation

Value Relative to Nation Value Relative to State
16.0553146607289 7.14975845410628

Number Of Homes And Apartments:
626

Elverson 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
40.59% 1.99% 4 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,106 / per month

Homeownership Rate

Homeownership
Owners 72.52
Renters 27.48
Vacant 9.28

Housing Market Details

 

Age of Homes

AGE OF Elverson HOMES
2000 or Newer 29.6
1970 - 1999 49.6
1940 - 1969 3.0
1939 or Older 17.8

Types of Homes

TYPE OF Elverson HOMES
Single-Family 37.0
Townhomes 46.4
Small Apt. Buildings 5.4
Apt. Complexes 11.3
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Elverson HOMES
No Bedroom 0.00
1 Bedroom 11.74
2 Bedrooms 16.52
3 Bedrooms 53.48
4 Bedrooms 16.52
5 or more bedrooms 1.74