Plymouth Meeting, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Plymouth Meeting Neighborhoods Since 2000




Plymouth Meeting, 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

Plymouth Meeting Housing Market Information

With a population of 6,261, 2,464 total housing units (homes and apartments), and a median house value of $348,342, Plymouth Meeting house prices are not only among the most expensive in Pennsylvania, Plymouth Meeting real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Plymouth Meeting, accounting for 56.39% of the town's housing units. Other types of housing that are prevalent in Plymouth Meeting include large apartment complexes or high rise apartments ( 35.14%), row houses and other attached homes ( 6.17%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.31%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Plymouth Meeting. Owner-occupied housing accounts for 67.40% of Plymouth Meeting's homes, and 57.58% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Plymouth Meeting's housing was primarily built during this period, from the '40s through the '60s. A full 46.40% of the town's housing hails from this era. Other housing ages represented in Plymouth Meeting include homes built between 1970-1999 ( 40.75%) and housing constructed before 1939 ( 8.08%). There's also some housing in Plymouth Meeting built between 2000 and later ( 4.78%).

Plymouth Meeting Home Appreciation Rates

Appreciation rates for homes in Plymouth Meeting have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 1.17%, which ranks in the top 50% nationwide. This equates to an annual average Plymouth Meeting house appreciation rate of 0.12%.

Over the last year, Plymouth Meeting appreciation rates have trailed the rest of the nation. In the last twelve months, Plymouth Meeting's appreciation rate has been 3.02%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Plymouth Meeting were at 0.08%, which equates to an annual appreciation rate of 0.32%.

Relative to Pennsylvania, our data show that Plymouth Meeting'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 town. Individual neighborhoods within Plymouth Meeting differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Plymouth Meeting - 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 Plymouth Meeting real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$348,342

Plymouth Meeting, PA HOME PRICES

Value Range
> $1,091,000 1.5
$818,001 - $1,091,000 2.4
$546,001 - $818,000 7.2
$437,001 - $546,000 8.8
$327,001 - $437,000 37.1
$218,001 - $327,000 26.8
$109,001 - $218,000 14.6
$54,001 - $109,000 0.1
$0 - $54,000 1.5

Very High for PA
Very High for Nation

Value Relative to Nation Value Relative to State
12.3403257939763 4.15458937198068

Number Of Homes And Apartments:
2,464

Plymouth Meeting 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
70.30% 3.13% 10 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,661 / per month

Homeownership Rate

Homeownership
Owners 67.40
Renters 32.60
Vacant 1.95

Housing Market Details

 

Age of Homes

AGE OF Plymouth Meeting HOMES
2000 or Newer 4.8
1970 - 1999 40.7
1940 - 1969 46.4
1939 or Older 8.1

Types of Homes

TYPE OF Plymouth Meeting HOMES
Single-Family 56.4
Townhomes 6.2
Small Apt. Buildings 2.3
Apt. Complexes 35.1
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Plymouth Meeting HOMES
No Bedroom 0.76
1 Bedroom 15.76
2 Bedrooms 22.09
3 Bedrooms 37.01
4 Bedrooms 20.57
5 or more bedrooms 3.82