King of Prussia, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating King of Prussia Neighborhoods Since 2000




King of Prussia, 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

King of Prussia Housing Market Information

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%).

King of Prussia Home Appreciation Rates

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.

Average Home Values

 

Median Home Value:
$291,201

King of Prussia, PA HOME PRICES

Value Range
> $1,066,000 0.5
$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

Very High for PA
Very High for Nation

Value Relative to Nation Value Relative to State
17.0924645493965 8.01932367149758

Number Of Homes And Apartments:
8,407

King of Prussia 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
68.90% 3.09% 10 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,504 / per month

Homeownership Rate

Homeownership
Owners 61.18
Renters 38.82
Vacant 8.49

Housing Market Details

 

Age of Homes

AGE OF King of Prussia HOMES
2000 or Newer 6.6
1970 - 1999 38.5
1940 - 1969 48.0
1939 or Older 6.8

Types of Homes

TYPE OF King of Prussia HOMES
Single-Family 46.8
Townhomes 8.5
Small Apt. Buildings 5.5
Apt. Complexes 39.0
Mobile Homes 0.2
Other 0.1

Home Size

SIZE OF King of Prussia HOMES
No Bedroom 3.30
1 Bedroom 15.38
2 Bedrooms 26.03
3 Bedrooms 32.77
4 Bedrooms 20.17
5 or more bedrooms 2.35