Glen Mills, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Glen Mills, PA Real Estate Data


Glen Mills Housing Market Information

With a population of 25,629, 2,924 total housing units (homes and apartments), and a median house value of $458,261, 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 65.89% of the town's housing units. Other types of housing that are prevalent in Glen Mills include large apartment complexes or high rise apartments ( 23.65%), row houses and other attached homes ( 9.36%).

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 67.99% of Glen Mills's homes, and 59.20% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Glen Mills 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 Glen Mills built between 2000 and later ( 37.87%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.32%). There's also some housing in Glen Mills built before 1939 ( 6.66%).

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 -0.20% during the period.

NeighborhoodScout's data show that during the latest twelve months, Glen Mills's appreciation rate, at 4.80%, has been at or slightly above the national average. In the latest quarter, Glen Mills's appreciation rate has been 1.89%, which annualizes to a rate of 7.76%.

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:
$458,261

Glen Mills, PA HOME PRICES

Value Range
> $1,109,000 2.0
$832,001 - $1,109,000 4.3
$554,001 - $832,000 26.1
$443,001 - $554,000 23.0
$333,001 - $443,000 23.1
$222,001 - $333,000 16.4
$111,001 - $222,000 3.3
$56,001 - $111,000 1.3
$0 - $56,000 0.6

Very High for PA
Very High for Nation

Value Relative to Nation Value Relative to State
7.40762428998068 2.31884057971015

Number Of Homes And Apartments:
2,924

Rent & Ownership

 

Average Market Rent:
$2,130 / per month

Homeownership Rate

Homeownership
Owners 67.99
Renters 32.01
Vacant 4.06

Housing Market Details

 

Age of Homes

AGE OF Glen Mills HOMES
2000 or Newer 37.9
1970 - 1999 40.1
1940 - 1969 15.3
1939 or Older 6.7

Types of Homes

TYPE OF Glen Mills HOMES
Single-Family 65.9
Townhomes 9.4
Small Apt. Buildings 0.9
Apt. Complexes 23.7
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Glen Mills HOMES
No Bedroom 0.28
1 Bedroom 9.74
2 Bedrooms 21.93
3 Bedrooms 23.71
4 Bedrooms 35.49
5 or more bedrooms 8.85

Glen Mills Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
61.05% 2.84% 8 7
* 10 is highest