Narvon, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Lowest

Highest Appreciating Narvon Neighborhoods Since 2000




Narvon, 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 Q1 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

Narvon Housing Market Information

With a population of 10,557, 1,478 total housing units (homes and apartments), and a median house value of $281,556, 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 77.65% of the town's housing units. Other types of housing that are prevalent in Narvon include mobile homes or trailers ( 8.21%), row houses and other attached homes ( 7.78%), and a few large apartment complexes or high rise apartments ( 4.18%).

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 76.73% of Narvon's homes, and 71.50% 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 ( 21.26%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.81%). There's also some housing in Narvon built between 1940-1969 ( 12.18%).

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 -0.69% during the period.

Over the last year, Narvon appreciation rates have trailed the rest of the nation. In the last twelve months, Narvon's appreciation rate has been -1.41%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Narvon were at 0.61%, which equates to an annual appreciation rate of 2.48%.

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

Average Home Values

 

Median Home Value:
$281,556

Narvon, PA HOME PRICES

Value Range
> $1,024,000 2.2
$768,001 - $1,024,000 1.9
$512,001 - $768,000 10.4
$410,001 - $512,000 4.8
$307,001 - $410,000 16.9
$205,001 - $307,000 31.3
$102,001 - $205,000 27.9
$51,001 - $102,000 1.6
$0 - $51,000 3.0

Very High for PA
Very High for Nation

Value Relative to Nation Value Relative to State
18.3083323567327 8.69565217391304

Number Of Homes And Apartments:
1,478

Narvon Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
47.79% 2.29% 6 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,138 / per month

Homeownership Rate

Homeownership
Owners 76.73
Renters 23.27
Vacant 2.10

Housing Market Details

 

Age of Homes

AGE OF Narvon HOMES
2000 or Newer 15.8
1970 - 1999 50.7
1940 - 1969 12.2
1939 or Older 21.3

Types of Homes

TYPE OF Narvon HOMES
Single-Family 77.6
Townhomes 7.8
Small Apt. Buildings 2.2
Apt. Complexes 4.2
Mobile Homes 8.2
Other 0.0

Home Size

SIZE OF Narvon HOMES
No Bedroom 2.38
1 Bedroom 3.03
2 Bedrooms 10.07
3 Bedrooms 45.79
4 Bedrooms 25.71
5 or more bedrooms 13.02