Glen Mills, PA Real Estate Market

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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Glen Mills, PA Housing Market Trends

With a population of 25,810, 2,957 total housing units (homes and apartments), and a median house value of $526,708, 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 63.41% of the town's housing units. Other types of housing that are prevalent in Glen Mills include large apartment complexes or high rise apartments ( 24.98%), row houses and other attached homes ( 9.18%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.24%).

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 65.04% of Glen Mills's homes, and 56.24% 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. 41.44% 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 ( 39.53%), and between 1940-1969 ( 12.34%). There's also some housing in Glen Mills built before 1939 ( 6.69%).

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 2.52% during the period.

NeighborhoodScout's data show that during the latest twelve months, Glen Mills's appreciation rate, at 6.05%, has been at or slightly above the national average. In the latest quarter, Glen Mills's appreciation rate has been 2.66%, which annualizes to a rate of 11.08%.

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:
$526,708

Glen Mills, PA HOME PRICES

> $1,174,000
2.6%
2.6%
$881,001 - $1,174,000
6.8%
6.8%
$587,001 - $881,000
34.3%
34.3%
$470,001 - $587,000
27.6%
27.6%
$352,001 - $470,000
15.3%
15.3%
$235,001 - $352,000
8.4%
8.4%
$117,001 - $235,000
3.1%
3.1%
$59,001 - $117,000
1.2%
1.2%
$0 - $59,000
0.8%
0.8%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for PA

Value Relative To Nation

Number Of Homes And Apartments:
2,957

Glen Mills Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
89.82% 3.10%
9
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,569 / per month

Homeownership Rate

Owners
65.0%
65.0%
Renters
35.0%
35.0%
Vacant
2.4%
2.4%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
41.4%
41.4%
1970 - 1999
39.5%
39.5%
1940 - 1969
12.3%
12.3%
1939 or Older
6.7%
6.7%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
63.4%
63.4%
Townhomes
9.2%
9.2%
Small Apt. Buildings
2.2%
2.2%
Apt. Complexes
25.0%
25.0%
Mobile Homes
0.2%
0.2%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.9%
0.9%
1 Bedroom
9.9%
9.9%
2 Bedrooms
21.4%
21.4%
3 Bedrooms
20.7%
20.7%
4 Bedrooms
35.5%
35.5%
5 or more bedrooms
11.6%
11.6%
0.0% 100.0%
% OF HOMES