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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



North Wales, PA Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

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

North Wales, PA Housing Market Trends

With 3,418 people, 1,464 houses or apartments, and a median cost of homes of $506,161, 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 54.41% of the borough's housing units. Other types of housing that are prevalent in North Wales include row houses and other attached homes ( 24.40%), duplexes, homes converted to apartments or other small apartment buildings ( 14.72%), and a few large apartment complexes or high rise apartments ( 6.47%).

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 71.69% of North Wales's homes, and 50.43% have either three or four bedrooms, which is average sized relative to America.

The housing in North Wales was primarily built before 1939 ( 46.30%), making the housing stock in North Wales some of the oldest overall in America, although there is a range of ages of homes in North Wales. The next most important housing age is between 1940-1969 ( 36.23%), followed by between 1970-1999 ( 16.68%).

North Wales Home Appreciation Rates

Appreciation rates for homes in North Wales have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 88.78%, which ranks in the top 50% nationwide. This equates to an annual average North Wales house appreciation rate of 6.56%.

NeighborhoodScout's data show that during the latest twelve months, North Wales's appreciation rate, at 6.29%, has been at or slightly above the national average. In the latest quarter, North Wales's appreciation rate has been 0.82%, which annualizes to a rate of 3.32%.

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

Average Home Values

Median Home Value

$506,161

North Wales Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,135 / per month

Homeownership Rate

Owners
Renters
71.7%
71.7%
28.3%
28.3%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
4.3%
4.3%
95.7%
95.7%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
0.8%
0.8%
16.7%
16.7%
36.2%
36.2%
46.3%
46.3%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
54.4%
54.4%
24.4%
24.4%
14.7%
14.7%
6.5%
6.5%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
13.1%
13.1%
23.9%
23.9%
32.7%
32.7%
17.7%
17.7%
12.6%
12.6%
0% 100.0%
% of Homes