Glen Mills, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Glen Mills Neighborhoods Since 2000




Glen Mills, 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

Glen Mills Housing Market Information

With a population of 25,629, 2,930 total housing units (homes and apartments), and a median house value of $455,751, Glen Mills house prices are not only among the most expensive in Pennsylvania, Glen Mills real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Glen Mills, accounting for 65.96% of the town's housing units. Other types of housing that are prevalent in Glen Mills include large apartment complexes or high rise apartments ( 23.81%), row houses and other attached homes ( 9.16%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Glen Mills. Owner-occupied housing accounts for 66.55% of Glen Mills's homes, and 58.05% have either three or four bedrooms, which is average sized relative to America.

Glen Mills homes and real estate are some of the newest in America. 38.27% of Glen Mills's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Glen Mills real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 38.12%), and between 1940-1969 ( 15.84%). There's also some housing in Glen Mills built before 1939 ( 7.76%).

Glen Mills Home Appreciation Rates

Real estate appreciation rates in Glen Mills's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.15% during the period.

NeighborhoodScout's data show that during the latest twelve months, Glen Mills's appreciation rate, at 4.41%, has been at or slightly above the national average. In the latest quarter, Glen Mills's appreciation rate has been 0.08%, which annualizes to a rate of 0.32%.

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

Average Home Values

 

Median Home Value:
$455,751

Glen Mills, PA HOME PRICES

Value Range
> $1,112,000 1.9
$833,001 - $1,112,000 4.4
$556,001 - $833,000 29.0
$445,001 - $556,000 23.1
$333,001 - $445,000 22.5
$222,001 - $333,000 14.8
$111,001 - $222,000 2.6
$56,001 - $111,000 0.9
$0 - $56,000 0.7

Very High for PA
Very High for Nation

Value Relative to Nation Value Relative to State
7.19559357787414 1.73913043478261

Number Of Homes And Apartments:
2,930

Glen Mills 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
63.06% 2.88% 9 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,357 / per month

Homeownership Rate

Homeownership
Owners 66.55
Renters 33.45
Vacant 3.97

Housing Market Details

 

Age of Homes

AGE OF Glen Mills HOMES
2000 or Newer 38.3
1970 - 1999 38.1
1940 - 1969 15.8
1939 or Older 7.8

Types of Homes

TYPE OF Glen Mills HOMES
Single-Family 66.0
Townhomes 9.2
Small Apt. Buildings 0.9
Apt. Complexes 23.8
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Glen Mills HOMES
No Bedroom 0.31
1 Bedroom 10.32
2 Bedrooms 20.85
3 Bedrooms 21.76
4 Bedrooms 36.29
5 or more bedrooms 10.46