Ridley Park, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Ridley Park Neighborhoods Since 2000




Ridley Park, 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

Ridley Park Housing Market Information

With 7,035 people, 2,850 houses or apartments, and a median cost of homes of $225,816, 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 48.74% of the borough's housing units. Other types of housing that are prevalent in Ridley Park include row houses and other attached homes ( 21.97%), large apartment complexes or high rise apartments ( 21.94%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.09%).

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 70.82% of Ridley Park's homes, and 60.89% 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 50.87% of the borough's housing hails from this era. Other housing ages represented in Ridley Park include homes built before 1939 ( 34.75%) and housing constructed between 1970-1999 ( 13.22%). There's also some housing in Ridley Park built between 2000 and later ( 1.17%).

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 -1.77%, which is lower than 80% of US communities.

Over the last year, Ridley Park appreciation rates have trailed the rest of the nation. In the last twelve months, Ridley Park's appreciation rate has been 1.63%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Ridley Park were at 0.08%, which equates to an annual appreciation rate of 0.32%.

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

Average Home Values

 

Median Home Value:
$225,816

Ridley Park, PA HOME PRICES

Value Range
> $1,004,000 0.3
$753,001 - $1,004,000 0.0
$502,001 - $753,000 0.7
$402,001 - $502,000 1.4
$301,001 - $402,000 9.4
$201,001 - $301,000 43.8
$100,001 - $201,000 35.6
$50,001 - $100,000 4.8
$0 - $50,000 4.1

Very High for PA
High for Nation

Value Relative to Nation Value Relative to State
26.6553380991445 15.6521739130435

Number Of Homes And Apartments:
2,850

Ridley Park 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
38.14% 1.89% 4 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,262 / per month

Homeownership Rate

Homeownership
Owners 70.82
Renters 29.18
Vacant 5.13

Housing Market Details

 

Age of Homes

AGE OF Ridley Park HOMES
2000 or Newer 1.2
1970 - 1999 13.2
1940 - 1969 50.9
1939 or Older 34.8

Types of Homes

TYPE OF Ridley Park HOMES
Single-Family 48.7
Townhomes 22.0
Small Apt. Buildings 7.1
Apt. Complexes 21.9
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Ridley Park HOMES
No Bedroom 2.70
1 Bedroom 12.15
2 Bedrooms 18.77
3 Bedrooms 45.27
4 Bedrooms 15.61
5 or more bedrooms 5.49