Jenkintown, PA Real Estate Market

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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Jenkintown, PA Housing Market Trends

With 4,420 people, 1,793 houses or apartments, and a median cost of homes of $419,474, Jenkintown house prices are not only among the most expensive in Pennsylvania, Jenkintown real estate also is some of the most expensive in all of America.

Large apartment complexes or high rise apartments are the single most common housing type in Jenkintown, accounting for 30.29% of the borough's housing units. Other types of housing that are prevalent in Jenkintown include single-family detached homes ( 27.83%), row houses and other attached homes ( 26.52%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 15.36%). 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.

People in Jenkintown primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Jenkintown has a mixture of owner-occupied and renter-occupied housing.

The housing in Jenkintown was primarily built before 1939 ( 55.35%), making the housing stock in Jenkintown some of the oldest overall in America, although there is a range of ages of homes in Jenkintown. The next most important housing age is between 1940-1969 ( 26.00%), followed by between 1970-1999 ( 16.40%). There's also some housing in Jenkintown built between 2000 and later ( 2.25%).

Jenkintown Home Appreciation Rates

Real estate appreciation rates in Jenkintown's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 3.35% during the period.

NeighborhoodScout's data show that during the latest twelve months, Jenkintown's appreciation rate, at 8.63%, has been at or slightly above the national average. In the latest quarter, Jenkintown's appreciation rate has been 3.46%, which annualizes to a rate of 14.59%.

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

Average Home Values

 

Median Home Value:
$419,474

Jenkintown Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
85.14% 2.91%
7
6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,975 / per month

Homeownership Rate

Owners
63.6%
63.6%
Renters
36.4%
36.4%
Vacant
6.0%
6.0%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
2.3%
2.3%
1970 - 1999
16.4%
16.4%
1940 - 1969
26.0%
26.0%
1939 or Older
55.3%
55.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
27.8%
27.8%
Townhomes
26.5%
26.5%
Small Apt. Buildings
15.4%
15.4%
Apt. Complexes
30.3%
30.3%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
5.8%
5.8%
1 Bedroom
18.6%
18.6%
2 Bedrooms
17.4%
17.4%
3 Bedrooms
28.7%
28.7%
4 Bedrooms
9.1%
9.1%
5 or more bedrooms
20.4%
20.4%
0.0% 100.0%
% OF HOMES