Hatboro, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Hatboro, PA Real Estate Data


Hatboro Housing Market Information

With a population of 7,411, 2,960 total housing units (homes and apartments), and a median house value of $275,919, Hatboro real estate is some of the most expensive in Pennsylvania, although Hatboro home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Hatboro, accounting for 50.82% of the borough's housing units. Other types of housing that are prevalent in Hatboro include large apartment complexes or high rise apartments ( 27.55%), row houses and other attached homes ( 14.84%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.79%).

The most prevalent building size and type in Hatboro are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 63.01% owning and 36.99% renting.

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. Hatboro's housing was primarily built during this period, from the '40s through the '60s. A full 47.01% of the borough's housing hails from this era. Other housing ages represented in Hatboro include homes built between 1970-1999 ( 23.90%) and housing constructed before 1939 ( 20.03%). There's also some housing in Hatboro built between 2000 and later ( 9.06%).

Hatboro Home Appreciation Rates

Real estate appreciation rates in Hatboro's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.42% during the period.

Over the last year, Hatboro appreciation rates have trailed the rest of the nation. In the last twelve months, Hatboro's appreciation rate has been 4.25%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Hatboro were at 1.89%, which equates to an annual appreciation rate of 7.76%.

Relative to Pennsylvania, our data show that Hatboro's latest annual appreciation rate is higher than 50% of the other cities and towns in Pennsylvania.

One very important thing to keep in mind is that these are average appreciation rates for the borough. Individual neighborhoods within Hatboro differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Hatboro - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Hatboro real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$275,919

Hatboro, PA HOME PRICES

Value Range
> $1,075,000 0.0
$806,001 - $1,075,000 0.0
$537,001 - $806,000 1.6
$430,001 - $537,000 0.6
$322,001 - $430,000 26.0
$215,001 - $322,000 52.3
$108,001 - $215,000 17.9
$54,001 - $108,000 0.7
$0 - $54,000 0.8

Very High for PA
Very High for Nation

Value Relative to Nation Value Relative to State
19.5291913099491 9.3719806763285

Number Of Homes And Apartments:
2,960

Rent & Ownership

 

Average Market Rent:
$1,428 / per month

Homeownership Rate

Homeownership
Owners 63.01
Renters 36.99
Vacant 6.92

Housing Market Details

 

Age of Homes

AGE OF Hatboro HOMES
2000 or Newer 9.1
1970 - 1999 23.9
1940 - 1969 47.0
1939 or Older 20.0

Types of Homes

TYPE OF Hatboro HOMES
Single-Family 50.8
Townhomes 14.8
Small Apt. Buildings 6.8
Apt. Complexes 27.5
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Hatboro HOMES
No Bedroom 3.14
1 Bedroom 11.70
2 Bedrooms 29.18
3 Bedrooms 38.02
4 Bedrooms 14.34
5 or more bedrooms 3.62

Hatboro 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
63.96% 2.95% 9 8
* 10 is highest