Kennett Square, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Kennett Square, 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

Kennett Square Housing Market Information

With a population of 6,167, 2,004 total housing units (homes and apartments), and a median house value of $246,979, Kennett Square real estate is some of the most expensive in Pennsylvania, although Kennett Square home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Kennett Square, accounting for 50.47% of the borough's housing units. Other types of housing that are prevalent in Kennett Square include large apartment complexes or high rise apartments ( 19.49%), row houses and other attached homes ( 15.77%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 13.65%).

The most prevalent building size and type in Kennett Square are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 54.23% owning and 45.77% renting.

The housing in Kennett Square was primarily built before 1939 ( 39.36%), making the housing stock in Kennett Square some of the oldest overall in America, although there is a range of ages of homes in Kennett Square. The next most important housing age is between 1970-1999 ( 28.44%), followed by between 1940-1969 ( 28.25%). There's also some housing in Kennett Square built between 2000 and later ( 3.95%).

Kennett Square Home Appreciation Rates

Appreciation rates for homes in Kennett Square have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 4.90%, which ranks in the top 40% nationwide. This equates to an annual average Kennett Square house appreciation rate of 0.48%.

Over the last year, Kennett Square appreciation rates have trailed the rest of the nation. In the last twelve months, Kennett Square's appreciation rate has been 3.12%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Kennett Square were at 0.08%, which equates to an annual appreciation rate of 0.32%.

Relative to Pennsylvania, our data show that Kennett Square's latest annual appreciation rate is higher than 60% 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 Kennett Square differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Kennett Square - 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 Kennett Square real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$246,979

Kennett Square, PA HOME PRICES

Value Range
> $1,122,000 0.0
$841,001 - $1,122,000 0.0
$561,001 - $841,000 4.0
$449,001 - $561,000 6.2
$337,001 - $449,000 8.9
$224,001 - $337,000 47.6
$112,001 - $224,000 28.5
$56,001 - $112,000 3.3
$0 - $56,000 1.4

Very High for PA
High for Nation

Value Relative to Nation Value Relative to State
23.016524082972 12.463768115942

Number Of Homes And Apartments:
2,004

Kennett Square 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
64.50% 2.93% 9 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,281 / per month

Homeownership Rate

Homeownership
Owners 54.23
Renters 45.77
Vacant 5.65

Housing Market Details

 

Age of Homes

AGE OF Kennett Square HOMES
2000 or Newer 4.0
1970 - 1999 28.4
1940 - 1969 28.2
1939 or Older 39.4

Types of Homes

TYPE OF Kennett Square HOMES
Single-Family 50.5
Townhomes 15.8
Small Apt. Buildings 13.7
Apt. Complexes 19.5
Mobile Homes 0.6
Other 0.0

Home Size

SIZE OF Kennett Square HOMES
No Bedroom 1.60
1 Bedroom 15.11
2 Bedrooms 23.21
3 Bedrooms 33.00
4 Bedrooms 18.83
5 or more bedrooms 8.24