Glenolden, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Glenolden, PA Real Estate Data


Glenolden Housing Market Information

With a population of 7,173, 2,943 total housing units (homes and apartments), and a median house value of $136,260, house prices in Glenolden are solidly below the national average.

Row houses and other attached homes are the single most common housing type in Glenolden, accounting for 33.32% of the borough's housing units. Other types of housing that are prevalent in Glenolden include single-family detached homes ( 32.77%), large apartment complexes or high rise apartments ( 24.34%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 9.57%). Boroughs that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of boroughs are often walkable and compact, and often have a lively downtown.

Owner-occupied, three and four bedroom dwellings, primarily in row houses and other attached homes are the most prevalent type of housing you will see in Glenolden. Owner-occupied housing accounts for 65.10% of Glenolden's homes, and 53.72% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Glenolden's housing was primarily built during this period, from the '40s through the '60s. A full 55.75% of the borough's housing hails from this era. Other housing ages represented in Glenolden include homes built before 1939 ( 27.91%) and housing constructed between 1970-1999 ( 14.71%). There's also some housing in Glenolden built between 2000 and later ( 1.63%).

Glenolden Home Appreciation Rates

Homes have actually lost value in Glenolden over the last then years, as home values have seen a decline of 21.92% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Glenolden home appreciation rates at 1.89%, which equates to an annual appreciation rate of 7.76%.

Over the last year, Glenolden appreciation rates have trailed the rest of the nation. In the last twelve months, Glenolden's appreciation rate has been 3.50%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Glenolden were at 1.89%, which equates to an annual appreciation rate of 7.76%.

Relative to Pennsylvania, our data show that Glenolden's latest annual appreciation rate is lower than 60% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$136,260

Glenolden, PA HOME PRICES

Value Range
> $909,000 0.0
$681,001 - $909,000 0.0
$454,001 - $681,000 0.0
$363,001 - $454,000 0.0
$273,001 - $363,000 2.4
$182,001 - $273,000 20.0
$91,001 - $182,000 57.0
$45,001 - $91,000 16.3
$0 - $45,000 4.2

Average for PA
Average for Nation

Value Relative to Nation Value Relative to State
57.5686596006324 54.2028985507246

Number Of Homes And Apartments:
2,943

Rent & Ownership

 

Average Market Rent:
$1,128 / per month

Homeownership Rate

Homeownership
Owners 65.10
Renters 34.90
Vacant 9.45

Housing Market Details

 

Age of Homes

AGE OF Glenolden HOMES
2000 or Newer 1.6
1970 - 1999 14.7
1940 - 1969 55.8
1939 or Older 27.9

Types of Homes

TYPE OF Glenolden HOMES
Single-Family 32.8
Townhomes 33.3
Small Apt. Buildings 9.6
Apt. Complexes 24.3
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Glenolden HOMES
No Bedroom 1.17
1 Bedroom 18.83
2 Bedrooms 24.74
3 Bedrooms 43.51
4 Bedrooms 10.22
5 or more bedrooms 1.54

Glenolden 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
31.26% 1.61% 2 3
* 10 is highest