Plymouth Meeting, 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 Q2 2021. 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

Plymouth Meeting, PA Housing Market Trends

With 6,261 people, 2,995 houses or apartments, and a median cost of homes of $394,589, Plymouth Meeting real estate is some of the most expensive in Pennsylvania, although Plymouth Meeting home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Plymouth Meeting, accounting for 51.72% of the town's housing units. Other types of housing that are prevalent in Plymouth Meeting include large apartment complexes or high rise apartments ( 39.60%), row houses and other attached homes ( 5.78%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.90%).

The most prevalent building size and type in Plymouth Meeting are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 63.54% owning and 36.46% renting.

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 44.41% of the town's housing hails from this era. Other housing ages represented in Plymouth Meeting include homes built between 1970-1999 ( 34.32%) and housing constructed between 2000 and later ( 15.93%). There's also some housing in Plymouth Meeting built before 1939 ( 5.34%).

Plymouth Meeting Home Appreciation Rates

Real estate appreciation rates in Plymouth Meeting's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 3.53% during the period.

NeighborhoodScout's data show that during the latest twelve months, Plymouth Meeting's appreciation rate, at 8.89%, has been at or slightly above the national average. In the latest quarter, Plymouth Meeting's appreciation rate has been 3.47%, which annualizes to a rate of 14.62%.

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:
$394,589

Plymouth Meeting, PA HOME PRICES

> $1,223,000
2.1%
2.1%
$917,001 - $1,223,000
3.3%
3.3%
$611,001 - $917,000
14.7%
14.7%
$489,001 - $611,000
11.8%
11.8%
$367,001 - $489,000
37.6%
37.6%
$245,001 - $367,000
19.5%
19.5%
$122,001 - $245,000
10.8%
10.8%
$61,001 - $122,000
0.0%
0.0%
$0 - $61,000
0.2%
0.2%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for PA

Value Relative To Nation

Number Of Homes And Apartments:
2,995

Plymouth Meeting Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
115.02% 3.62%
10
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,970 / per month

Homeownership Rate

Owners
63.5%
63.5%
Renters
36.5%
36.5%
Vacant
6.5%
6.5%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
15.9%
15.9%
1970 - 1999
34.3%
34.3%
1940 - 1969
44.4%
44.4%
1939 or Older
5.3%
5.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
51.7%
51.7%
Townhomes
5.8%
5.8%
Small Apt. Buildings
2.9%
2.9%
Apt. Complexes
39.6%
39.6%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.1%
2.1%
1 Bedroom
19.8%
19.8%
2 Bedrooms
19.9%
19.9%
3 Bedrooms
31.5%
31.5%
4 Bedrooms
22.2%
22.2%
5 or more bedrooms
4.5%
4.5%
0.0% 100.0%
% OF HOMES