Fort Washington, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Fort Washington, 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

Fort Washington Housing Market Information

With 5,584 people, 2,056 houses or apartments, and a median cost of homes of $391,173, Fort Washington house prices are not only among the most expensive in Pennsylvania, Fort Washington real estate also is some of the most expensive in all of America.

Fort Washington is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Fort Washington than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Fort Washington. Owner-occupied housing accounts for 84.42% of Fort Washington's homes, and 63.32% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Fort Washington 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 Fort Washington built between 1940-1969 ( 30.68%). A lesser amount of the housing stock also hails from before 1939 ( 17.18%). There's also some housing in Fort Washington built between 2000 and later ( 7.91%).

Fort Washington Home Appreciation Rates

Real estate appreciation rates in Fort Washington's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.41% during the period.

Over the last year, Fort Washington appreciation rates have trailed the rest of the nation. In the last twelve months, Fort Washington's appreciation rate has been 2.27%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Fort Washington were at 0.08%, which equates to an annual appreciation rate of 0.32%.

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

Average Home Values

 

Median Home Value:
$391,173

Fort Washington, PA HOME PRICES

Value Range
> $1,063,000 0.9
$797,001 - $1,063,000 2.3
$532,001 - $797,000 22.1
$425,001 - $532,000 21.2
$319,001 - $425,000 21.4
$213,001 - $319,000 24.6
$106,001 - $213,000 4.9
$53,001 - $106,000 0.8
$0 - $53,000 2.0

Very High for PA
Very High for Nation

Value Relative to Nation Value Relative to State
9.84999414039611 2.9951690821256

Number Of Homes And Apartments:
2,056

Fort Washington 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
58.35% 2.70% 8 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,801 / per month

Homeownership Rate

Homeownership
Owners 84.42
Renters 15.58
Vacant 6.55

Housing Market Details

 

Age of Homes

AGE OF Fort Washington HOMES
2000 or Newer 7.9
1970 - 1999 44.2
1940 - 1969 30.7
1939 or Older 17.2

Types of Homes

TYPE OF Fort Washington HOMES
Single-Family 67.9
Townhomes 18.7
Small Apt. Buildings 4.0
Apt. Complexes 9.0
Mobile Homes 0.0
Other 0.5

Home Size

SIZE OF Fort Washington HOMES
No Bedroom 0.00
1 Bedroom 4.55
2 Bedrooms 19.45
3 Bedrooms 22.41
4 Bedrooms 40.91
5 or more bedrooms 12.68