Narberth PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



map preview
Please wait, loading your map...




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 Q3 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Narberth Housing Market Information

With 4,336 people, 1,892 houses or apartments, and a median cost of homes of $584,822, 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 44.34% of the borough's housing units. Other types of housing that are prevalent in Narberth include row houses and other attached homes ( 24.76%), large apartment complexes or high rise apartments ( 18.67%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 12.23%).

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 64.22% owning and 35.78% renting.

The housing in Narberth was primarily built before 1939 ( 62.96%), 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 ( 24.66%), followed by between 1970-1999 ( 11.77%).

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 43.12%, which ranks in the top 30% nationwide. This equates to an annual average Narberth house appreciation rate of 3.65%.

NeighborhoodScout's data show that during the latest twelve months, Narberth's appreciation rate, at 4.77%, has been at or slightly above the national average. In the latest quarter, Narberth's appreciation rate has been 1.37%, which annualizes to a rate of 5.59%.

Relative to Pennsylvania, our data show that Narberth's latest annual appreciation rate is higher than 60% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$584,822

Narberth, PA HOME PRICES

Value Range
> $1,227,000 0.0
$920,001 - $1,227,000 7.1
$614,001 - $920,000 36.5
$491,001 - $614,000 19.9
$368,001 - $491,000 21.3
$245,001 - $368,000 10.0
$123,001 - $245,000 1.1
$61,001 - $123,000 3.5
$0 - $61,000 0.6

Very High for PA
Very High for Nation

Value Relative to Nation Value Relative to State
5.64087591240876 1.15830115830116

Number Of Homes And Apartments:
1,892

Narberth Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
Since 2000:
2000 Q1 - 2020 Q3
129.18% 4.08%
10
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,938 / per month

Homeownership Rate

Homeownership
Owners 64.22
Renters 35.78
Vacant 4.01

Housing Market Details

 

Age of Homes

AGE OF Narberth HOMES
2000 or Newer 0.6
1970 - 1999 11.8
1940 - 1969 24.7
1939 or Older 63.0

Types of Homes

TYPE OF Narberth HOMES
Single-Family 44.3
Townhomes 24.8
Small Apt. Buildings 12.2
Apt. Complexes 18.7
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Narberth HOMES
No Bedroom 3.75
1 Bedroom 13.75
2 Bedrooms 18.47
3 Bedrooms 36.23
4 Bedrooms 17.35
5 or more bedrooms 10.45