Phoenixville, 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 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

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

Phoenixville, PA Housing Market Trends

With a population of 16,968, 7,398 total housing units (homes and apartments), and a median house value of $261,495, Phoenixville 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 Phoenixville, accounting for 36.51% of the borough's housing units. Other types of housing that are prevalent in Phoenixville include single-family detached homes ( 28.75%), large apartment complexes or high rise apartments ( 25.53%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 9.21%). Boroughs that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of boroughs are often walkable and compact, and often have a lively downtown.

The most prevalent building size and type in Phoenixville 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 52.67% owning and 47.33% renting.

The housing in Phoenixville was primarily built before 1939 ( 33.75%), making the housing stock in Phoenixville some of the oldest overall in America, although there is a range of ages of homes in Phoenixville. The next most important housing age is between 1970-1999 ( 29.76%), followed by between 1940-1969 ( 23.30%). There's also some housing in Phoenixville built between 2000 and later ( 13.19%).

Phoenixville Home Appreciation Rates

Appreciation rates for homes in Phoenixville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 36.19%, which ranks in the top 50% nationwide. This equates to an annual average Phoenixville house appreciation rate of 3.14%.

NeighborhoodScout's data show that during the latest twelve months, Phoenixville's appreciation rate, at 6.06%, has been at or slightly above the national average. In the latest quarter, Phoenixville's appreciation rate has been 2.67%, which annualizes to a rate of 11.10%.

Relative to Pennsylvania, our data show that Phoenixville's latest annual appreciation rate is higher than 70% 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 Phoenixville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Phoenixville - 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 Phoenixville real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$261,495

Phoenixville, PA HOME PRICES

> $1,208,000
0.0%
0.0%
$906,001 - $1,208,000
0.6%
0.6%
$604,001 - $906,000
2.2%
2.2%
$483,001 - $604,000
3.5%
3.5%
$362,001 - $483,000
15.1%
15.1%
$241,001 - $362,000
45.9%
45.9%
$121,001 - $241,000
28.8%
28.8%
$61,001 - $121,000
1.1%
1.1%
$0 - $61,000
2.7%
2.7%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very High for PA

Value Relative To Nation

Number Of Homes And Apartments:
7,398

Phoenixville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
114.04% 3.69%
10
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,636 / per month

Homeownership Rate

Owners
52.7%
52.7%
Renters
47.3%
47.3%
Vacant
5.6%
5.6%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
13.2%
13.2%
1970 - 1999
29.8%
29.8%
1940 - 1969
23.3%
23.3%
1939 or Older
33.8%
33.8%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
28.7%
28.7%
Townhomes
36.5%
36.5%
Small Apt. Buildings
9.2%
9.2%
Apt. Complexes
25.5%
25.5%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
3.4%
3.4%
1 Bedroom
17.9%
17.9%
2 Bedrooms
23.5%
23.5%
3 Bedrooms
40.3%
40.3%
4 Bedrooms
12.7%
12.7%
5 or more bedrooms
2.2%
2.2%
0.0% 100.0%
% OF HOMES