Plymouth Meeting, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Plymouth Meeting Neighborhoods Since 2000




Plymouth Meeting, PA Real Estate Data


Plymouth Meeting Housing Market Information

With 6,261 people, 2,414 houses or apartments, and a median cost of homes of $333,775, 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 58.41% of the town's housing units. Other types of housing that are prevalent in Plymouth Meeting include large apartment complexes or high rise apartments ( 34.57%), row houses and other attached homes ( 6.05%).

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 69.88% of Plymouth Meeting's homes, and 59.86% 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 48.41% of the town's housing hails from this era. Other housing ages represented in Plymouth Meeting include homes built between 1970-1999 ( 38.20%) and housing constructed before 1939 ( 9.48%). There's also some housing in Plymouth Meeting built between 2000 and later ( 3.91%).

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 3.86%, which ranks in the top 50% nationwide. This equates to an annual average Plymouth Meeting house appreciation rate of 0.38%.

NeighborhoodScout's data show that during the latest twelve months, Plymouth Meeting's appreciation rate, at 5.03%, has been at or slightly above the national average. In the latest quarter, Plymouth Meeting's appreciation rate has been 1.89%, which annualizes to a rate of 7.76%.

Relative to Pennsylvania, our data show that Plymouth Meeting'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 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:
$333,775

Plymouth Meeting, PA HOME PRICES

Value Range
> $1,122,000 1.3
$842,001 - $1,122,000 2.4
$561,001 - $842,000 5.4
$449,001 - $561,000 9.8
$337,001 - $449,000 36.1
$225,001 - $337,000 28.7
$112,001 - $225,000 13.7
$56,001 - $112,000 0.4
$0 - $56,000 2.1

Very High for PA
Very High for Nation

Value Relative to Nation Value Relative to State
13.8197575686596 5.89371980676329

Number Of Homes And Apartments:
2,414

Rent & Ownership

 

Average Market Rent:
$1,620 / per month

Homeownership Rate

Homeownership
Owners 69.88
Renters 30.12
Vacant 2.62

Housing Market Details

 

Age of Homes

AGE OF Plymouth Meeting HOMES
2000 or Newer 3.9
1970 - 1999 38.2
1940 - 1969 48.4
1939 or Older 9.5

Types of Homes

TYPE OF Plymouth Meeting HOMES
Single-Family 58.4
Townhomes 6.1
Small Apt. Buildings 1.0
Apt. Complexes 34.6
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Plymouth Meeting HOMES
No Bedroom 0.16
1 Bedroom 14.76
2 Bedrooms 22.47
3 Bedrooms 39.65
4 Bedrooms 20.21
5 or more bedrooms 2.74

Plymouth Meeting 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
73.98% 3.31% 10 9
* 10 is highest