Quarryville, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Quarryville Neighborhoods Since 2000




Quarryville, 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

Quarryville Housing Market Information

With a population of 2,736, 1,035 total housing units (homes and apartments), and a median house value of $218,988, Quarryville real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Quarryville, accounting for 53.13% of the borough's housing units. Other types of housing that are prevalent in Quarryville include row houses and other attached homes ( 17.31%), duplexes, homes converted to apartments or other small apartment buildings ( 14.92%), and a few large apartment complexes or high rise apartments ( 14.18%).

The most prevalent building size and type in Quarryville are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 60.48% owning and 39.52% 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. Quarryville's housing was primarily built during this period, from the '40s through the '60s. A full 30.20% of the borough's housing hails from this era. Other housing ages represented in Quarryville include homes built between 1970-1999 ( 27.53%) and housing constructed before 1939 ( 21.27%). There's also some housing in Quarryville built between 2000 and later ( 20.99%).

Quarryville Home Appreciation Rates

Real estate appreciation rates in Quarryville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.32% during the period.

Appreciation rates are so strong in Quarryville that despite a nationwide downturn in the housing market, Quarryville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Quarryville appreciation rates continue to be some of the highest in America, at 6.29%, which is higher than appreciation rates in 76.43% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Quarryville. Quarryville appreciation rates in the latest quarter were at 0.61%, which equates to an annual appreciation rate of 2.48%.

Relative to Pennsylvania, our data show that Quarryville's latest annual appreciation rate is higher than 90% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$218,988

Quarryville, PA HOME PRICES

Value Range
> $1,083,000 2.1
$812,001 - $1,083,000 0.5
$541,001 - $812,000 1.8
$433,001 - $541,000 1.9
$325,001 - $433,000 11.4
$216,001 - $325,000 28.9
$108,001 - $216,000 42.3
$54,001 - $108,000 7.3
$0 - $54,000 3.8

Very High for PA
High for Nation

Value Relative to Nation Value Relative to State
27.8917145200984 16.9082125603865

Number Of Homes And Apartments:
1,035

Quarryville 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
58.18% 2.69% 8 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,003 / per month

Homeownership Rate

Homeownership
Owners 60.48
Renters 39.52
Vacant 4.70

Housing Market Details

 

Age of Homes

AGE OF Quarryville HOMES
2000 or Newer 21.0
1970 - 1999 27.5
1940 - 1969 30.2
1939 or Older 21.3

Types of Homes

TYPE OF Quarryville HOMES
Single-Family 53.1
Townhomes 17.3
Small Apt. Buildings 14.9
Apt. Complexes 14.2
Mobile Homes 0.5
Other 0.0

Home Size

SIZE OF Quarryville HOMES
No Bedroom 0.46
1 Bedroom 5.99
2 Bedrooms 29.01
3 Bedrooms 48.25
4 Bedrooms 13.63
5 or more bedrooms 2.67