Hatboro, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Hatboro Neighborhoods Since 2000




Hatboro, 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

Hatboro Housing Market Information

With a population of 7,411, 2,979 total housing units (homes and apartments), and a median house value of $257,501, 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 50.85% of the borough's housing units. Other types of housing that are prevalent in Hatboro include large apartment complexes or high rise apartments ( 27.13%), row houses and other attached homes ( 16.03%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.99%).

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 62.84% owning and 37.16% 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 45.04% of the borough's housing hails from this era. Other housing ages represented in Hatboro include homes built between 1970-1999 ( 22.27%) and housing constructed before 1939 ( 22.24%). There's also some housing in Hatboro built between 2000 and later ( 10.45%).

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 -0.50% during the period.

NeighborhoodScout's data show that during the latest twelve months, Hatboro's appreciation rate, at 3.86%, has been at or slightly above the national average. In the latest quarter, Hatboro's appreciation rate has been 0.08%, which annualizes to a rate of 0.32%.

Relative to Pennsylvania, our data show that Hatboro's latest annual appreciation rate is higher than 70% 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:
$257,501

Hatboro, PA HOME PRICES

Value Range
> $1,065,000 0.0
$798,001 - $1,065,000 0.0
$533,001 - $798,000 0.4
$426,001 - $533,000 1.3
$320,001 - $426,000 26.0
$213,001 - $320,000 51.6
$107,001 - $213,000 18.2
$53,001 - $107,000 0.5
$0 - $53,000 1.9

Very High for PA
High for Nation

Value Relative to Nation Value Relative to State
21.4344310324622 10.8212560386473

Number Of Homes And Apartments:
2,979

Hatboro 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
62.76% 2.86% 9 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,538 / per month

Homeownership Rate

Homeownership
Owners 62.84
Renters 37.16
Vacant 6.56

Housing Market Details

 

Age of Homes

AGE OF Hatboro HOMES
2000 or Newer 10.4
1970 - 1999 22.3
1940 - 1969 45.0
1939 or Older 22.2

Types of Homes

TYPE OF Hatboro HOMES
Single-Family 50.8
Townhomes 16.0
Small Apt. Buildings 6.0
Apt. Complexes 27.1
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Hatboro HOMES
No Bedroom 4.20
1 Bedroom 10.32
2 Bedrooms 29.80
3 Bedrooms 36.51
4 Bedrooms 16.03
5 or more bedrooms 3.14