North Wales, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating North Wales Neighborhoods Since 2000




North Wales, 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

North Wales Housing Market Information

With 3,250 people, 1,345 houses or apartments, and a median cost of homes of $248,091, North Wales real estate is some of the most expensive in Pennsylvania, although North Wales home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in North Wales, accounting for 44.29% of the borough's housing units. Other types of housing that are prevalent in North Wales include row houses and other attached homes ( 30.29%), duplexes, homes converted to apartments or other small apartment buildings ( 22.40%), and a few large apartment complexes or high rise apartments ( 2.30%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in North Wales. Owner-occupied housing accounts for 69.72% of North Wales's homes, and 58.36% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. North Wales's housing was primarily built during this period, from the '40s through the '60s. A full 49.96% of the borough's housing hails from this era. Other housing ages represented in North Wales include homes built before 1939 ( 37.40%) and housing constructed between 1970-1999 ( 11.92%).

North Wales Home Appreciation Rates

Real estate appreciation rates in North Wales's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.24% during the period.

Over the last year, North Wales appreciation rates have trailed the rest of the nation. In the last twelve months, North Wales's appreciation rate has been 2.59%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in North Wales were at 0.08%, which equates to an annual appreciation rate of 0.32%.

Relative to Pennsylvania, our data show that North Wales's latest annual appreciation rate is higher than 50% of the other cities and towns in Pennsylvania.

One very important thing to keep in mind is that these are average appreciation rates for the borough. Individual neighborhoods within North Wales differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in North Wales - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best North Wales real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$248,091

North Wales, PA HOME PRICES

Value Range
> $1,088,000 0.7
$816,001 - $1,088,000 0.0
$544,001 - $816,000 0.0
$435,001 - $544,000 5.4
$326,001 - $435,000 11.1
$217,001 - $326,000 47.8
$109,001 - $217,000 31.2
$54,001 - $109,000 0.0
$0 - $54,000 3.8

Very High for PA
High for Nation

Value Relative to Nation Value Relative to State
22.8231571545764 12.0772946859903

Number Of Homes And Apartments:
1,345

North Wales 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
68.30% 3.06% 10 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,289 / per month

Homeownership Rate

Homeownership
Owners 69.72
Renters 30.28
Vacant 3.45

Housing Market Details

 

Age of Homes

AGE OF North Wales HOMES
2000 or Newer 0.7
1970 - 1999 11.9
1940 - 1969 50.0
1939 or Older 37.4

Types of Homes

TYPE OF North Wales HOMES
Single-Family 44.3
Townhomes 30.3
Small Apt. Buildings 22.4
Apt. Complexes 2.3
Mobile Homes 0.7
Other 0.0

Home Size

SIZE OF North Wales HOMES
No Bedroom 1.87
1 Bedroom 10.34
2 Bedrooms 17.44
3 Bedrooms 37.40
4 Bedrooms 20.96
5 or more bedrooms 11.99