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.
With a population of 20,107, 8,407 total housing units (homes and apartments), and a median house value of $291,201, King of Prussia real estate is some of the most expensive in Pennsylvania, although King of Prussia home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in King of Prussia, accounting for 46.78% of the town's housing units. Other types of housing that are prevalent in King of Prussia include large apartment complexes or high rise apartments ( 38.97%), row houses and other attached homes ( 8.48%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.53%).
The most prevalent building size and type in King of Prussia are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 61.18% owning and 38.82% 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. King of Prussia's housing was primarily built during this period, from the '40s through the '60s. A full 48.00% of the town's housing hails from this era. Other housing ages represented in King of Prussia include homes built between 1970-1999 ( 38.53%) and housing constructed before 1939 ( 6.84%). There's also some housing in King of Prussia built between 2000 and later ( 6.63%).
Real estate appreciation rates in King of Prussia's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.43% during the period.
Over the last year, King of Prussia appreciation rates have trailed the rest of the nation. In the last twelve months, King of Prussia's appreciation rate has been 3.07%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in King of Prussia were at 0.08%, which equates to an annual appreciation rate of 0.32%.
Relative to Pennsylvania, our data show that King of Prussia'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 town. Individual neighborhoods within King of Prussia differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in King of Prussia - 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 King of Prussia real estate investment or home purchase decisions.
|$799,001 - $1,066,000||0.8|
|$533,001 - $799,000||3.6|
|$426,001 - $533,000||8.9|
|$320,001 - $426,000||27.1|
|$213,001 - $320,000||40.0|
|$107,001 - $213,000||14.9|
|$53,001 - $107,000||0.9|
|$0 - $53,000||3.5|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF King of Prussia HOMES|
|2000 or Newer||6.6|
|1970 - 1999||38.5|
|1940 - 1969||48.0|
|1939 or Older||6.8|
|TYPE OF King of Prussia HOMES|
|Small Apt. Buildings||5.5|
|SIZE OF King of Prussia HOMES|
|5 or more bedrooms||2.35|