Pennsburg, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Pennsburg, PA Real Estate Data


Pennsburg Housing Market Information

With a population of 3,873, 1,278 total housing units (homes and apartments), and a median house value of $209,736, 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 44.81% of the borough's housing units. Other types of housing that are prevalent in Pennsburg include single-family detached homes ( 35.79%), duplexes, homes converted to apartments or other small apartment buildings ( 9.77%), and a few large apartment complexes or high rise apartments ( 9.62%). This particular housing mix is relatively uncommon and characteristic of boroughs that are compact and walkable, and which often have a lively downtown.

The most prevalent building size and type in Pennsburg are three and four bedroom dwellings, chiefly found in row houses and other attached homes. The borough has a mixture of owners and renters, with 64.11% owning and 35.89% renting.

The housing in Pennsburg was primarily built before 1939 ( 32.56%), 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 ( 29.02%), followed by between 2000 and later ( 20.30%). There's also some housing in Pennsburg built between 1940-1969 ( 18.12%).

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 -1.41%, which is lower than 80% of US communities.

Over the last year, Pennsburg appreciation rates have trailed the rest of the nation. In the last twelve months, Pennsburg's appreciation rate has been 3.82%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Pennsburg were at 1.89%, which equates to an annual appreciation rate of 7.76%.

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

Average Home Values

 

Median Home Value:
$209,736

Rent & Ownership

 

Average Market Rent:
$1,076 / per month

Homeownership Rate

Homeownership
Owners 64.11
Renters 35.89
Vacant 3.91

Housing Market Details

 

Age of Homes

AGE OF Pennsburg HOMES
2000 or Newer 20.3
1970 - 1999 29.0
1940 - 1969 18.1
1939 or Older 32.6

Types of Homes

TYPE OF Pennsburg HOMES
Single-Family 35.8
Townhomes 44.8
Small Apt. Buildings 9.8
Apt. Complexes 9.6
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Pennsburg HOMES
No Bedroom 2.03
1 Bedroom 9.47
2 Bedrooms 19.92
3 Bedrooms 52.03
4 Bedrooms 14.96
5 or more bedrooms 1.58

Pennsburg 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
36.84% 1.86% 3 4
* 10 is highest