Ridley Park, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Ridley Park, PA Real Estate Data


Ridley Park Housing Market Information

With a population of 7,035, 2,806 total housing units (homes and apartments), and a median house value of $213,087, Ridley Park real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Ridley Park, accounting for 45.71% of the borough's housing units. Other types of housing that are prevalent in Ridley Park include large apartment complexes or high rise apartments ( 23.59%), row houses and other attached homes ( 22.72%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.74%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Ridley Park. Owner-occupied housing accounts for 70.43% of Ridley Park's homes, and 59.53% 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. Ridley Park's housing was primarily built during this period, from the '40s through the '60s. A full 50.18% of the borough's housing hails from this era. Other housing ages represented in Ridley Park include homes built before 1939 ( 32.87%) and housing constructed between 1970-1999 ( 15.38%). There's also some housing in Ridley Park built between 2000 and later ( 1.57%).

Ridley Park Home Appreciation Rates

Ridley Park's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Ridley Park during the period has been just -1.38%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Ridley Park's appreciation rate, at 4.49%, has been at or slightly above the national average. In the latest quarter, Ridley Park's appreciation rate has been 1.89%, which annualizes to a rate of 7.76%.

Relative to Pennsylvania, our data show that Ridley Park's latest annual appreciation rate is higher than 60% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$213,087

Ridley Park, PA HOME PRICES

Value Range
> $1,026,000 0.3
$770,001 - $1,026,000 0.0
$513,001 - $770,000 0.6
$411,001 - $513,000 1.2
$308,001 - $411,000 7.8
$206,001 - $308,000 46.2
$103,001 - $206,000 35.2
$51,001 - $103,000 3.9
$0 - $51,000 4.8

Very High for PA
High for Nation

Value Relative to Nation Value Relative to State
30.0550447970955 18.3574879227053

Number Of Homes And Apartments:
2,806

Rent & Ownership

 

Average Market Rent:
$1,183 / per month

Homeownership Rate

Homeownership
Owners 70.43
Renters 29.57
Vacant 6.37

Housing Market Details

 

Age of Homes

AGE OF Ridley Park HOMES
2000 or Newer 1.6
1970 - 1999 15.4
1940 - 1969 50.2
1939 or Older 32.9

Types of Homes

TYPE OF Ridley Park HOMES
Single-Family 45.7
Townhomes 22.7
Small Apt. Buildings 7.7
Apt. Complexes 23.6
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Ridley Park HOMES
No Bedroom 2.57
1 Bedroom 12.81
2 Bedrooms 21.05
3 Bedrooms 45.01
4 Bedrooms 14.51
5 or more bedrooms 4.04

Ridley Park 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
42.78% 2.12% 4 5
* 10 is highest