Souderton, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Souderton, PA Real Estate Data


Souderton Housing Market Information

With a population of 6,747, 2,573 total housing units (homes and apartments), and a median house value of $256,039, Souderton real estate is some of the most expensive in Pennsylvania, although Souderton home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Souderton, accounting for 40.22% of the borough's housing units. Other types of housing that are prevalent in Souderton include row houses and other attached homes ( 22.59%), duplexes, homes converted to apartments or other small apartment buildings ( 21.20%), and a few large apartment complexes or high rise apartments ( 14.94%).

The most prevalent building size and type in Souderton are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 64.62% owning and 35.38% 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. Souderton's housing was primarily built during this period, from the '40s through the '60s. A full 38.47% of the borough's housing hails from this era. Other housing ages represented in Souderton include homes built before 1939 ( 37.09%) and housing constructed between 1970-1999 ( 21.71%). There's also some housing in Souderton built between 2000 and later ( 2.73%).

Souderton Home Appreciation Rates

Real estate appreciation rates in Souderton's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.61% during the period.

NeighborhoodScout's data show that during the latest twelve months, Souderton's appreciation rate, at 4.94%, has been at or slightly above the national average. In the latest quarter, Souderton's appreciation rate has been 1.89%, which annualizes to a rate of 7.76%.

Relative to Pennsylvania, our data show that Souderton's latest annual appreciation rate is higher than 80% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$256,039

Souderton, PA HOME PRICES

Value Range
> $1,087,000 0.0
$815,001 - $1,087,000 0.0
$543,001 - $815,000 0.2
$434,001 - $543,000 0.9
$326,001 - $434,000 11.4
$217,001 - $326,000 60.6
$109,001 - $217,000 24.9
$54,001 - $109,000 0.9
$0 - $54,000 1.2

Very High for PA
High for Nation

Value Relative to Nation Value Relative to State
22.1643145751596 10.9178743961353

Number Of Homes And Apartments:
2,573

Rent & Ownership

 

Average Market Rent:
$991 / per month

Homeownership Rate

Homeownership
Owners 64.62
Renters 35.38
Vacant 6.27

Housing Market Details

 

Age of Homes

AGE OF Souderton HOMES
2000 or Newer 2.7
1970 - 1999 21.7
1940 - 1969 38.5
1939 or Older 37.1

Types of Homes

TYPE OF Souderton HOMES
Single-Family 40.2
Townhomes 22.6
Small Apt. Buildings 21.2
Apt. Complexes 14.9
Mobile Homes 1.1
Other 0.0

Home Size

SIZE OF Souderton HOMES
No Bedroom 2.84
1 Bedroom 19.93
2 Bedrooms 20.55
3 Bedrooms 32.35
4 Bedrooms 22.22
5 or more bedrooms 2.11

Souderton 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
58.08% 2.73% 7 7
* 10 is highest