Narberth, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Narberth Neighborhoods Since 2000




Narberth, 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

Narberth Housing Market Information

With a population of 4,309, 1,812 total housing units (homes and apartments), and a median house value of $467,789, Narberth house prices are not only among the most expensive in Pennsylvania, Narberth 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 Narberth, accounting for 39.76% of the borough's housing units. Other types of housing that are prevalent in Narberth include row houses and other attached homes ( 23.16%), large apartment complexes or high rise apartments ( 20.99%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 16.08%).

The most prevalent building size and type in Narberth are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 60.04% owning and 39.96% renting.

The housing in Narberth was primarily built before 1939 ( 57.60%), making the housing stock in Narberth some of the oldest overall in America, although there is a range of ages of homes in Narberth. The next most important housing age is between 1940-1969 ( 35.47%), followed by between 1970-1999 ( 6.93%).

Narberth Home Appreciation Rates

Appreciation rates for homes in Narberth have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 14.58%, which ranks in the top 30% nationwide. This equates to an annual average Narberth house appreciation rate of 1.37%.

NeighborhoodScout's data show that during the latest twelve months, Narberth's appreciation rate, at 3.88%, has been at or slightly above the national average. In the latest quarter, Narberth's appreciation rate has been 2.05%, which annualizes to a rate of 8.47%.

Relative to Pennsylvania, our data show that Narberth's latest annual appreciation rate is higher than 70% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$467,789

Narberth, PA HOME PRICES

Value Range
> $1,121,000 0.0
$840,001 - $1,121,000 1.3
$560,001 - $840,000 29.6
$448,001 - $560,000 22.2
$336,001 - $448,000 28.3
$224,001 - $336,000 12.5
$112,001 - $224,000 2.8
$56,001 - $112,000 0.9
$0 - $56,000 2.5

Very High for PA
Very High for Nation

Value Relative to Nation Value Relative to State
7.23695766731073 1.64251207729469

Number Of Homes And Apartments:
1,812

Narberth 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
92.11% 3.80% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,688 / per month

Homeownership Rate

Homeownership
Owners 60.04
Renters 39.96
Vacant 6.31

Housing Market Details

 

Age of Homes

AGE OF Narberth HOMES
2000 or Newer 0.0
1970 - 1999 6.9
1940 - 1969 35.5
1939 or Older 57.6

Types of Homes

TYPE OF Narberth HOMES
Single-Family 39.8
Townhomes 23.2
Small Apt. Buildings 16.1
Apt. Complexes 21.0
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Narberth HOMES
No Bedroom 1.86
1 Bedroom 21.10
2 Bedrooms 17.11
3 Bedrooms 33.61
4 Bedrooms 11.84
5 or more bedrooms 14.48