Narvon, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Narvon, PA Real Estate Data


Narvon Housing Market Information

With a population of 10,557, 1,476 total housing units (homes and apartments), and a median house value of $283,035, Narvon real estate is some of the most expensive in Pennsylvania, although Narvon home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Narvon, accounting for 79.91% of the town's housing units. Other types of housing that are prevalent in Narvon include mobile homes or trailers ( 7.56%), row houses and other attached homes ( 7.03%), and a few large apartment complexes or high rise apartments ( 3.43%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Narvon. Owner-occupied housing accounts for 78.16% of Narvon's homes, and 69.49% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Narvon 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 Narvon built before 1939 ( 23.18%). A lesser amount of the housing stock also hails from between 1940-1969 ( 12.83%). There's also some housing in Narvon built between 2000 and later ( 11.92%).

Narvon Home Appreciation Rates

Real estate appreciation rates in Narvon's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 0.21% during the period.

NeighborhoodScout's data show that during the latest twelve months, Narvon's appreciation rate, at 5.10%, has been at or slightly above the national average. In the latest quarter, Narvon's appreciation rate has been 3.22%, which annualizes to a rate of 13.53%.

Importantly, this makes Narvon one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to Pennsylvania, our data show that Narvon's latest annual appreciation rate is higher than 80% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$283,035

Narvon, PA HOME PRICES

Value Range
> $1,087,000 2.0
$815,001 - $1,087,000 1.2
$543,001 - $815,000 9.9
$435,001 - $543,000 5.2
$326,001 - $435,000 17.7
$218,001 - $326,000 33.0
$108,001 - $218,000 25.8
$54,001 - $108,000 1.5
$0 - $54,000 3.8

Very High for PA
Very High for Nation

Value Relative to Nation Value Relative to State
18.6039702523863 8.59903381642512

Number Of Homes And Apartments:
1,476

Rent & Ownership

 

Average Market Rent:
$1,148 / per month

Homeownership Rate

Homeownership
Owners 78.16
Renters 21.84
Vacant 2.29

Housing Market Details

 

Age of Homes

AGE OF Narvon HOMES
2000 or Newer 11.9
1970 - 1999 52.1
1940 - 1969 12.8
1939 or Older 23.2

Types of Homes

TYPE OF Narvon HOMES
Single-Family 79.9
Townhomes 7.0
Small Apt. Buildings 2.1
Apt. Complexes 3.4
Mobile Homes 7.6
Other 0.0

Home Size

SIZE OF Narvon HOMES
No Bedroom 1.75
1 Bedroom 3.51
2 Bedrooms 11.26
3 Bedrooms 45.23
4 Bedrooms 24.26
5 or more bedrooms 13.99

Narvon Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
58.18% 2.73% 7 7
* 10 is highest