Franklin Park, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Franklin Park Neighborhoods Since 2000




Franklin Park, 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

Franklin Park Housing Market Information

With a population of 14,415, 5,012 total housing units (homes and apartments), and a median house value of $333,516, Franklin Park house prices are not only among the most expensive in Pennsylvania, Franklin Park real estate also is some of the most expensive in all of America.

Franklin Park is a borough of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Franklin Park 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 Franklin Park. Owner-occupied housing accounts for 95.13% of Franklin Park's homes, and 80.95% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Franklin Park 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 Franklin Park built between 1940-1969 ( 23.97%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.06%). There's also some housing in Franklin Park built before 1939 ( 5.28%).

Franklin Park Home Appreciation Rates

In the last 10 years, Franklin Park has experienced some of the highest home appreciation rates of any community in the nation. Franklin Park real estate appreciated 20.20% over the last ten years, which is an average annual home appreciation rate of 1.86%, putting Franklin Park in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Franklin Park 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, Franklin Park appreciation rates have trailed the rest of the nation. In the last twelve months, Franklin Park's appreciation rate has been 0.81%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Franklin Park were at -0.41%, which equates to an annual appreciation rate of -1.65%.

Relative to Pennsylvania, our data show that Franklin Park's latest annual appreciation rate is lower than 70% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$333,516

Franklin Park, PA HOME PRICES

Value Range
> $1,099,000 1.4
$824,001 - $1,099,000 0.6
$549,001 - $824,000 7.0
$439,001 - $549,000 15.0
$330,001 - $439,000 25.7
$220,001 - $330,000 26.3
$110,001 - $220,000 20.4
$55,001 - $110,000 3.0
$0 - $55,000 0.6

Very High for PA
Very High for Nation

Value Relative to Nation Value Relative to State
13.4184929098793 5.50724637681159

Number Of Homes And Apartments:
5,012

Franklin Park 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
52.55% 2.48% 7 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,778 / per month

Homeownership Rate

Homeownership
Owners 95.13
Renters 4.87
Vacant 3.34

Housing Market Details

 

Age of Homes

AGE OF Franklin Park HOMES
2000 or Newer 14.1
1970 - 1999 56.7
1940 - 1969 24.0
1939 or Older 5.3

Types of Homes

TYPE OF Franklin Park HOMES
Single-Family 87.5
Townhomes 10.5
Small Apt. Buildings 0.4
Apt. Complexes 1.7
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Franklin Park HOMES
No Bedroom 0.41
1 Bedroom 2.08
2 Bedrooms 7.87
3 Bedrooms 32.56
4 Bedrooms 48.39
5 or more bedrooms 8.70