Perkasie, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Perkasie, 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

Perkasie Housing Market Information

With a population of 8,471, 3,275 total housing units (homes and apartments), and a median house value of $260,709, Perkasie real estate is some of the most expensive in Pennsylvania, although Perkasie home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Perkasie, accounting for 50.85% of the borough's housing units. Other types of housing that are prevalent in Perkasie include row houses and other attached homes ( 25.22%), large apartment complexes or high rise apartments ( 15.30%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.62%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Perkasie. Owner-occupied housing accounts for 71.73% of Perkasie's homes, and 67.60% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Perkasie 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 Perkasie built before 1939 ( 30.99%). A lesser amount of the housing stock also hails from between 1940-1969 ( 23.66%). There's also some housing in Perkasie built between 2000 and later ( 1.68%).

Perkasie Home Appreciation Rates

Perkasie's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Perkasie during the period has been just -1.29%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Perkasie's appreciation rate, at 3.25%, has been at or slightly above the national average. In the latest quarter, Perkasie's appreciation rate has been 0.08%, which annualizes to a rate of 0.32%.

Relative to Pennsylvania, our data show that Perkasie's latest annual appreciation rate is higher than 60% 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 Perkasie differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Perkasie - 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 Perkasie real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$260,709

Perkasie, PA HOME PRICES

Value Range
> $1,061,000 1.3
$796,001 - $1,061,000 0.0
$530,001 - $796,000 2.2
$425,001 - $530,000 2.3
$319,001 - $425,000 18.9
$212,001 - $319,000 47.3
$106,001 - $212,000 24.5
$53,001 - $106,000 0.8
$0 - $53,000 2.7

Very High for PA
High for Nation

Value Relative to Nation Value Relative to State
20.9598031173093 10.2415458937198

Number Of Homes And Apartments:
3,275

Perkasie 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
46.42% 2.24% 6 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,356 / per month

Homeownership Rate

Homeownership
Owners 71.73
Renters 28.27
Vacant 3.62

Housing Market Details

 

Age of Homes

AGE OF Perkasie HOMES
2000 or Newer 1.7
1970 - 1999 43.7
1940 - 1969 23.7
1939 or Older 31.0

Types of Homes

TYPE OF Perkasie HOMES
Single-Family 50.9
Townhomes 25.2
Small Apt. Buildings 8.6
Apt. Complexes 15.3
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Perkasie HOMES
No Bedroom 1.15
1 Bedroom 10.57
2 Bedrooms 18.81
3 Bedrooms 45.23
4 Bedrooms 22.37
5 or more bedrooms 1.88