Phoenixville, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Phoenixville, 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 2018. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2016 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Phoenixville Housing Market Information

With a population of 16,885, 7,444 total housing units (homes and apartments), and a median house value of $231,736, 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 37.51% of the borough's housing units. Other types of housing that are prevalent in Phoenixville include single-family detached homes ( 29.72%), large apartment complexes or high rise apartments ( 20.18%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 12.43%). 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 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 ( 37.59%), 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 ( 27.48%), followed by between 1940-1969 ( 25.92%). There's also some housing in Phoenixville built between 2000 and later ( 9.02%).

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 10.19%, which ranks in the top 40% nationwide. This equates to an annual average Phoenixville house appreciation rate of 0.98%.

NeighborhoodScout's data show that during the latest twelve months, Phoenixville's appreciation rate, at 7.10%, has been at or slightly above the national average. In the latest quarter, Phoenixville's appreciation rate has been 1.07%, which annualizes to a rate of 4.36%.

Relative to Pennsylvania, our data show that Phoenixville's latest annual appreciation rate is higher than 80% 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:
$231,736

Phoenixville, PA HOME PRICES

Value Range
> $1,160,140 0.0
$870,310 - $1,160,140 0.3
$580,357 - $870,309 1.7
$464,431 - $580,356 3.2
$348,055 - $464,430 11.2
$232,006 - $348,054 40.8
$116,050 - $232,005 37.8
$57,827 - $116,049 3.1
$0 - $57,826 1.9

Very High for PA
High for Nation

Value Relative to Nation Value Relative to State
27.8890510948905 16.2162162162162

Number Of Homes And Apartments:
7,444

Phoenixville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2017 Q4 - 2018 Q1
Last 12 Months:
2017 Q1 - 2018 Q1
Last 2 Years:
2016 Q1 - 2018 Q1
Last 5 Years:
2013 Q1 - 2018 Q1
Last 10 Years:
2008 Q1 - 2018 Q1
Since 2000:
2000 Q1 - 2018 Q1
86.08% 3.46%
10
9
* 10 is highest


Rent & Ownership

 

Average Market Rent:
$1,443 / per month

Homeownership Rate

Homeownership
Owners 52.67
Renters 47.33
Vacant 5.57

Housing Market Details

 

Age of Homes

AGE OF Phoenixville HOMES
2000 or Newer 9.0
1970 - 1999 27.5
1940 - 1969 25.9
1939 or Older 37.6

Types of Homes

TYPE OF Phoenixville HOMES
Single-Family 29.7
Townhomes 37.5
Small Apt. Buildings 12.4
Apt. Complexes 20.2
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Phoenixville HOMES
No Bedroom 3.15
1 Bedroom 17.59
2 Bedrooms 23.63
3 Bedrooms 38.91
4 Bedrooms 12.71
5 or more bedrooms 4.01