Narberth, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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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 2018. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2016 (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 4,330, 1,822 total housing units (homes and apartments), and a median house value of $509,106, 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 38.69% of the borough's housing units. Other types of housing that are prevalent in Narberth include row houses and other attached homes ( 24.73%), large apartment complexes or high rise apartments ( 21.75%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 14.83%).

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 61.03% owning and 38.97% renting.

The housing in Narberth was primarily built before 1939 ( 62.65%), 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 ( 28.27%), followed by between 1970-1999 ( 8.36%).

Narberth Home Appreciation Rates

In the last 10 years, Narberth has experienced some of the highest home appreciation rates of any community in the nation. Narberth real estate appreciated 23.20% over the last ten years, which is an average annual home appreciation rate of 2.11%, putting Narberth in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Narberth definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Narberth that despite a nationwide downturn in the housing market, Narberth real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Narberth appreciation rates continue to be some of the highest in America, at 6.86%, which is higher than appreciation rates in 75.14% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Narberth. Narberth appreciation rates in the latest quarter were at 1.67%, which equates to an annual appreciation rate of 6.86%.

Relative to Pennsylvania, our data show that Narberth's latest annual appreciation rate is higher than 90% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$509,106

Narberth, PA HOME PRICES

Value Range
> $1,191,000 0.0
$893,001 - $1,191,000 5.1
$595,001 - $893,000 30.0
$476,001 - $595,000 18.0
$358,001 - $476,000 23.1
$238,001 - $358,000 16.2
$119,001 - $238,000 2.2
$60,001 - $119,000 3.1
$0 - $60,000 2.2

Very High for PA
Very High for Nation

Value Relative to Nation Value Relative to State
6.68029197080292 1.15830115830116

Number Of Homes And Apartments:
1,822

Narberth Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2018 Q1 - 2018 Q2
Last 12 Months:
2017 Q2 - 2018 Q2
Last 2 Years:
2016 Q2 - 2018 Q2
Last 5 Years:
2013 Q2 - 2018 Q2
Last 10 Years:
2008 Q2 - 2018 Q2
Since 2000:
2000 Q1 - 2018 Q2
107.65% 4.03%
10
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,825 / per month

Homeownership Rate

Homeownership
Owners 61.03
Renters 38.97
Vacant 6.52

Housing Market Details

 

Age of Homes

AGE OF Narberth HOMES
2000 or Newer 0.7
1970 - 1999 8.4
1940 - 1969 28.3
1939 or Older 62.6

Types of Homes

TYPE OF Narberth HOMES
Single-Family 38.7
Townhomes 24.7
Small Apt. Buildings 14.8
Apt. Complexes 21.8
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Narberth HOMES
No Bedroom 2.26
1 Bedroom 17.39
2 Bedrooms 17.96
3 Bedrooms 35.35
4 Bedrooms 14.73
5 or more bedrooms 12.31