Phoenixville, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Phoenixville Neighborhoods Since 2000




Phoenixville, PA Real Estate Data


Phoenixville Housing Market Information

With 16,658 people, 7,356 houses or apartments, and a median cost of homes of $243,149, Phoenixville real estate is some of the most expensive in Pennsylvania, although Phoenixville home values aren't among America's most expensive.

Row houses and other attached homes are the single most common housing type in Phoenixville, accounting for 36.87% of the borough's housing units. Other types of housing that are prevalent in Phoenixville include single-family detached homes ( 29.19%), large apartment complexes or high rise apartments ( 19.90%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 13.74%). 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 55.00% owning and 45.00% renting.

The housing in Phoenixville was primarily built before 1939 ( 37.69%), 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 ( 27.28%), followed by between 1940-1969 ( 25.20%). There's also some housing in Phoenixville built between 2000 and later ( 9.82%).

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 7.46%, which ranks in the top 40% nationwide. This equates to an annual average Phoenixville house appreciation rate of 0.72%.

NeighborhoodScout's data show that during the latest twelve months, Phoenixville's appreciation rate, at 5.33%, has been at or slightly above the national average. In the latest quarter, Phoenixville's appreciation rate has been 1.89%, which annualizes to a rate of 7.76%.

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:
$243,149

Phoenixville, PA HOME PRICES

Value Range
> $1,135,000 0.0
$851,001 - $1,135,000 0.3
$568,001 - $851,000 1.7
$454,001 - $568,000 2.9
$340,001 - $454,000 8.4
$227,001 - $340,000 40.1
$113,001 - $227,000 41.5
$57,001 - $113,000 3.3
$0 - $57,000 1.9

Very High for PA
High for Nation

Value Relative to Nation Value Relative to State
24.2079990630673 13.1400966183575

Number Of Homes And Apartments:
7,356

Rent & Ownership

 

Average Market Rent:
$1,362 / per month

Homeownership Rate

Homeownership
Owners 55.00
Renters 45.00
Vacant 6.39

Housing Market Details

 

Age of Homes

AGE OF Phoenixville HOMES
2000 or Newer 9.8
1970 - 1999 27.3
1940 - 1969 25.2
1939 or Older 37.7

Types of Homes

TYPE OF Phoenixville HOMES
Single-Family 29.2
Townhomes 36.9
Small Apt. Buildings 13.7
Apt. Complexes 19.9
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Phoenixville HOMES
No Bedroom 1.99
1 Bedroom 17.55
2 Bedrooms 24.94
3 Bedrooms 38.76
4 Bedrooms 12.71
5 or more bedrooms 4.05

Phoenixville 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
78.97% 3.48% 10 9
* 10 is highest