Wernersville, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Wernersville, PA Real Estate Data


Wernersville Housing Market Information

With a population of 2,540, 932 total housing units (homes and apartments), and a median house value of $253,371, Wernersville real estate is some of the most expensive in Pennsylvania, although Wernersville home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Wernersville, accounting for 66.32% of the borough's housing units. Other types of housing that are prevalent in Wernersville include row houses and other attached homes ( 21.15%), large apartment complexes or high rise apartments ( 6.47%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.65%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Wernersville. Owner-occupied housing accounts for 65.88% of Wernersville's homes, and 70.74% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Wernersville 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 Wernersville built before 1939 ( 29.16%). A lesser amount of the housing stock also hails from between 1940-1969 ( 25.67%). There's also some housing in Wernersville built between 2000 and later ( 13.55%).

Wernersville Home Appreciation Rates

Real estate appreciation rates in Wernersville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.48% during the period.

Over the last year, Wernersville appreciation rates have trailed the rest of the nation. In the last twelve months, Wernersville's appreciation rate has been 1.75%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Wernersville were at 1.25%, which equates to an annual appreciation rate of 5.09%.

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

Average Home Values

 

Median Home Value:
$253,371

Wernersville, PA HOME PRICES

Value Range
> $1,078,000 0.4
$809,001 - $1,078,000 0.8
$539,001 - $809,000 4.3
$431,001 - $539,000 4.1
$324,001 - $431,000 21.9
$216,001 - $324,000 27.1
$108,001 - $216,000 34.0
$54,001 - $108,000 4.5
$0 - $54,000 3.0

Very High for PA
High for Nation

Value Relative to Nation Value Relative to State
22.6093576155062 11.4975845410628

Number Of Homes And Apartments:
932

Rent & Ownership

 

Average Market Rent:
$1,371 / per month

Homeownership Rate

Homeownership
Owners 65.88
Renters 34.12
Vacant 4.31

Housing Market Details

 

Age of Homes

AGE OF Wernersville HOMES
2000 or Newer 13.6
1970 - 1999 31.6
1940 - 1969 25.7
1939 or Older 29.2

Types of Homes

TYPE OF Wernersville HOMES
Single-Family 66.3
Townhomes 21.1
Small Apt. Buildings 5.6
Apt. Complexes 6.5
Mobile Homes 0.4
Other 0.0

Home Size

SIZE OF Wernersville HOMES
No Bedroom 0.82
1 Bedroom 3.90
2 Bedrooms 16.63
3 Bedrooms 49.38
4 Bedrooms 21.36
5 or more bedrooms 7.91

Wernersville 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
44.65% 2.20% 5 5
* 10 is highest