Folcroft, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Folcroft Neighborhoods Since 2000




Folcroft, 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

Folcroft Housing Market Information

With a population of 6,637, 2,354 total housing units (homes and apartments), and a median house value of $107,211, house prices in Folcroft are solidly below the national average.

Row houses and other attached homes are the single most common housing type in Folcroft, accounting for 79.75% of the borough's housing units. Other types of housing that are prevalent in Folcroft include single-family detached homes ( 10.29%), large apartment complexes or high rise apartments ( 5.24%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.67%). 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 Folcroft. Owner-occupied housing accounts for 76.89% of Folcroft's homes, and 85.40% 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. Folcroft's housing was primarily built during this period, from the '40s through the '60s. A full 83.38% of the borough's housing hails from this era. Other housing ages represented in Folcroft include homes built before 1939 ( 11.68%) and housing constructed between 1970-1999 ( 4.15%).

Vacant housing appears to be an issue in Folcroft. Fully 11.90% of the housing stock is classified as vacant. Left unchecked, vacant Folcroft homes and apartments can be a drag on the real estate market, holding Folcroft real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Folcroft Home Appreciation Rates

Homes have actually lost value in Folcroft over the last then years, as home values have seen a decline of 28.13% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Folcroft home appreciation rates at 0.08%, which equates to an annual appreciation rate of 0.32%.

Over the last year, Folcroft appreciation rates have trailed the rest of the nation. In the last twelve months, Folcroft's appreciation rate has been -5.91%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Folcroft were at 0.08%, which equates to an annual appreciation rate of 0.32%.

Relative to Pennsylvania, our data show that Folcroft's latest annual appreciation rate is lower than 90% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$107,211

Folcroft, PA HOME PRICES

Value Range
> $925,000 0.4
$693,001 - $925,000 0.0
$463,001 - $693,000 0.0
$370,001 - $463,000 0.0
$278,001 - $370,000 0.4
$185,001 - $278,000 3.2
$92,001 - $185,000 69.3
$46,001 - $92,000 21.7
$0 - $46,000 5.0

Low for PA
Low for Nation

Value Relative to Nation Value Relative to State
73.0106644790812 70.4347826086957

Number Of Homes And Apartments:
2,354

Folcroft 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
21.19% 1.12% 1 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,720 / per month

Homeownership Rate

Homeownership
Owners 76.89
Renters 23.11
Vacant 11.90

Housing Market Details

 

Age of Homes

AGE OF Folcroft HOMES
2000 or Newer 0.8
1970 - 1999 4.2
1940 - 1969 83.4
1939 or Older 11.7

Types of Homes

TYPE OF Folcroft HOMES
Single-Family 10.3
Townhomes 79.8
Small Apt. Buildings 3.7
Apt. Complexes 5.2
Mobile Homes 0.6
Other 0.4

Home Size

SIZE OF Folcroft HOMES
No Bedroom 0.30
1 Bedroom 4.19
2 Bedrooms 8.38
3 Bedrooms 82.22
4 Bedrooms 3.18
5 or more bedrooms 1.72