Malvern, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Malvern, 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 Q2 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

Malvern Housing Market Information

With 3,430 people, 1,490 houses or apartments, and a median cost of homes of $394,567, Malvern house prices are not only among the most expensive in Pennsylvania, Malvern real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Malvern, accounting for 36.09% of the borough's housing units. Other types of housing that are prevalent in Malvern include row houses and other attached homes ( 29.91%), large apartment complexes or high rise apartments ( 22.69%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 9.69%).

The most prevalent building size and type in Malvern are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 56.77% owning and 43.23% renting.

There is a lot of housing in Malvern 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 Malvern built before 1939 ( 24.77%). A lesser amount of the housing stock also hails from between 1940-1969 ( 22.24%). There's also some housing in Malvern built between 2000 and later ( 9.75%).

Malvern Home Appreciation Rates

Appreciation rates for homes in Malvern have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 7.95%, which ranks in the top 40% nationwide. This equates to an annual average Malvern house appreciation rate of 0.77%.

Over the last year, Malvern appreciation rates have trailed the rest of the nation. In the last twelve months, Malvern's appreciation rate has been 3.47%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Malvern were at 2.05%, which equates to an annual appreciation rate of 8.47%.

Relative to Pennsylvania, our data show that Malvern'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 Malvern differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Malvern - 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 Malvern real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$394,567

Malvern, PA HOME PRICES

Value Range
> $1,123,000 0.0
$843,001 - $1,123,000 4.2
$561,001 - $843,000 20.6
$449,001 - $561,000 18.9
$337,001 - $449,000 12.7
$225,001 - $337,000 27.2
$112,001 - $225,000 15.2
$56,001 - $112,000 0.0
$0 - $56,000 1.1

Very High for PA
Very High for Nation

Value Relative to Nation Value Relative to State
10.11768838925 3.09178743961353

Number Of Homes And Apartments:
1,490

Malvern Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2017 Q1 - 2017 Q2
Last 12 Months:
2016 Q2 - 2017 Q2
Last 2 Years:
2015 Q2 - 2017 Q2
Last 5 Years:
2012 Q2 - 2017 Q2
Last 10 Years:
2007 Q2 - 2017 Q2
Since 2000:
2000 Q1 - 2017 Q2
71.13% 3.12% 10 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,028 / per month

Homeownership Rate

Homeownership
Owners 56.77
Renters 43.23
Vacant 3.12

Housing Market Details

 

Age of Homes

AGE OF Malvern HOMES
2000 or Newer 9.8
1970 - 1999 43.2
1940 - 1969 22.2
1939 or Older 24.8

Types of Homes

TYPE OF Malvern HOMES
Single-Family 36.1
Townhomes 29.9
Small Apt. Buildings 9.7
Apt. Complexes 22.7
Mobile Homes 1.6
Other 0.0

Home Size

SIZE OF Malvern HOMES
No Bedroom 0.72
1 Bedroom 10.47
2 Bedrooms 25.68
3 Bedrooms 36.54
4 Bedrooms 21.98
5 or more bedrooms 4.62