Pennsburg, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Pennsburg Neighborhoods Since 2000




Pennsburg, 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

Pennsburg Housing Market Information

With a population of 3,873, 1,289 total housing units (homes and apartments), and a median house value of $212,280, Pennsburg real estate prices are well above average cost compared to national prices.

Row houses and other attached homes are the single most common housing type in Pennsburg, accounting for 45.66% of the borough's housing units. Other types of housing that are prevalent in Pennsburg include single-family detached homes ( 34.76%), duplexes, homes converted to apartments or other small apartment buildings ( 11.34%), and a few large apartment complexes or high rise apartments ( 8.25%). Boroughs with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact boroughs that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

Owner-occupied, three and four bedroom dwellings, primarily in row houses and other attached homes are the most prevalent type of housing you will see in Pennsburg. Owner-occupied housing accounts for 67.63% of Pennsburg's homes, and 69.88% have either three or four bedrooms, which is average sized relative to America.

The housing in Pennsburg was primarily built before 1939 ( 34.02%), making the housing stock in Pennsburg some of the oldest overall in America, although there is a range of ages of homes in Pennsburg. The next most important housing age is between 1970-1999 ( 25.99%), followed by between 2000 and later ( 22.16%). There's also some housing in Pennsburg built between 1940-1969 ( 17.82%).

Pennsburg Home Appreciation Rates

Pennsburg's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Pennsburg during the period has been just -1.42%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Pennsburg's appreciation rate, at 5.07%, has been at or slightly above the national average. In the latest quarter, Pennsburg's appreciation rate has been 0.08%, which annualizes to a rate of 0.32%.

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

Average Home Values

 

Median Home Value:
$212,280

Pennsburg 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
38.83% 1.92% 4 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,156 / per month

Homeownership Rate

Homeownership
Owners 67.63
Renters 32.37
Vacant 5.08

Housing Market Details

 

Age of Homes

AGE OF Pennsburg HOMES
2000 or Newer 22.2
1970 - 1999 26.0
1940 - 1969 17.8
1939 or Older 34.0

Types of Homes

TYPE OF Pennsburg HOMES
Single-Family 34.8
Townhomes 45.7
Small Apt. Buildings 11.3
Apt. Complexes 8.2
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Pennsburg HOMES
No Bedroom 1.91
1 Bedroom 10.31
2 Bedrooms 16.20
3 Bedrooms 55.23
4 Bedrooms 14.65
5 or more bedrooms 1.69