Schwenksville, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Schwenksville, 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

Schwenksville Housing Market Information

With 1,398 people, 643 houses or apartments, and a median cost of homes of $171,732, Schwenksville real estate and house prices are near the national average for all cities and towns.

Large apartment complexes or high rise apartments are the single most common housing type in Schwenksville, accounting for 40.12% of the borough's housing units. Other types of housing that are prevalent in Schwenksville include single-family detached homes ( 30.30%), row houses and other attached homes ( 15.44%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 14.14%). Boroughs with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact boroughs that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

People in Schwenksville primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Schwenksville has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Schwenksville built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Schwenksville built before 1939 ( 25.69%). A lesser amount of the housing stock also hails from between 1940-1969 ( 23.81%). There's also some housing in Schwenksville built between 2000 and later ( 4.62%).

Schwenksville Home Appreciation Rates

Schwenksville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Schwenksville during the period has been just -0.99%, which is lower than 70% of US communities.

Over the last year, Schwenksville appreciation rates have trailed the rest of the nation. In the last twelve months, Schwenksville's appreciation rate has been 1.79%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Schwenksville were at 0.08%, which equates to an annual appreciation rate of 0.32%.

Relative to Pennsylvania, our data show that Schwenksville's latest annual appreciation rate is lower than 50% 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 borough. Individual neighborhoods within Schwenksville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Schwenksville - 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 Schwenksville real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$171,732

Schwenksville, PA HOME PRICES

Value Range
> $1,054,000 0.0
$791,001 - $1,054,000 0.0
$527,001 - $791,000 4.4
$422,001 - $527,000 1.8
$316,001 - $422,000 5.3
$211,001 - $316,000 32.0
$105,001 - $211,000 37.5
$53,001 - $105,000 13.5
$0 - $53,000 5.6

High for PA
Average for Nation

Value Relative to Nation Value Relative to State
40.9937888198758 31.5942028985507

Number Of Homes And Apartments:
643

Schwenksville 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
35.86% 1.79% 3 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,106 / per month

Homeownership Rate

Homeownership
Owners 49.83
Renters 50.17
Vacant 7.22

Housing Market Details

 

Age of Homes

AGE OF Schwenksville HOMES
2000 or Newer 4.6
1970 - 1999 45.9
1940 - 1969 23.8
1939 or Older 25.7

Types of Homes

TYPE OF Schwenksville HOMES
Single-Family 30.3
Townhomes 15.4
Small Apt. Buildings 14.1
Apt. Complexes 40.1
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Schwenksville HOMES
No Bedroom 6.35
1 Bedroom 19.19
2 Bedrooms 26.55
3 Bedrooms 39.11
4 Bedrooms 7.22
5 or more bedrooms 1.59