Horsham, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Horsham Neighborhoods Since 2000




Horsham, 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

Horsham Housing Market Information

With 15,075 people, 5,756 houses or apartments, and a median cost of homes of $288,318, Horsham real estate is some of the most expensive in Pennsylvania, although Horsham home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Horsham, accounting for 51.82% of the town's housing units. Other types of housing that are prevalent in Horsham include row houses and other attached homes ( 24.11%), duplexes, homes converted to apartments or other small apartment buildings ( 12.56%), and a few large apartment complexes or high rise apartments ( 9.80%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Horsham. Owner-occupied housing accounts for 73.96% of Horsham's homes, and 55.37% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Horsham 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 Horsham built between 1940-1969 ( 42.91%). A lesser amount of the housing stock also hails from before 1939 ( 5.94%). There's also some housing in Horsham built between 2000 and later ( 3.12%).

Horsham Home Appreciation Rates

Real estate appreciation rates in Horsham's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.64% during the period.

Over the last year, Horsham appreciation rates have trailed the rest of the nation. In the last twelve months, Horsham's appreciation rate has been 2.00%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Horsham were at 0.08%, which equates to an annual appreciation rate of 0.32%.

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

Average Home Values

 

Median Home Value:
$288,318

Horsham, PA HOME PRICES

Value Range
> $1,051,000 0.0
$788,001 - $1,051,000 1.2
$526,001 - $788,000 3.0
$420,001 - $526,000 9.7
$315,001 - $420,000 22.0
$210,001 - $315,000 42.7
$105,001 - $210,000 17.4
$52,001 - $105,000 0.7
$0 - $52,000 3.3

Very High for PA
Very High for Nation

Value Relative to Nation Value Relative to State
17.473338802297 8.40579710144928

Number Of Homes And Apartments:
5,756

Horsham 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
62.97% 2.87% 9 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,755 / per month

Homeownership Rate

Homeownership
Owners 73.96
Renters 26.04
Vacant 5.00

Housing Market Details

 

Age of Homes

AGE OF Horsham HOMES
2000 or Newer 3.1
1970 - 1999 48.0
1940 - 1969 42.9
1939 or Older 5.9

Types of Homes

TYPE OF Horsham HOMES
Single-Family 51.8
Townhomes 24.1
Small Apt. Buildings 12.6
Apt. Complexes 9.8
Mobile Homes 1.7
Other 0.0

Home Size

SIZE OF Horsham HOMES
No Bedroom 2.10
1 Bedroom 10.25
2 Bedrooms 28.02
3 Bedrooms 33.87
4 Bedrooms 21.51
5 or more bedrooms 4.26