West Grove, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating West Grove Neighborhoods Since 2000




West Grove, 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

West Grove Housing Market Information

With a population of 2,859, 917 total housing units (homes and apartments), and a median house value of $221,127, West Grove real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in West Grove, accounting for 61.78% of the borough's housing units. Other types of housing that are prevalent in West Grove include row houses and other attached homes ( 25.41%), large apartment complexes or high rise apartments ( 8.68%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.13%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in West Grove. Owner-occupied housing accounts for 67.39% of West Grove's homes, and 70.56% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in West Grove 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 West Grove built before 1939 ( 28.82%). A lesser amount of the housing stock also hails from between 1940-1969 ( 26.55%). There's also some housing in West Grove built between 2000 and later ( 12.29%).

West Grove Home Appreciation Rates

Real estate appreciation rates in West Grove's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.62% during the period.

Appreciation rates are so strong in West Grove that despite a nationwide downturn in the housing market, West Grove real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, West Grove appreciation rates continue to be some of the highest in America, at 6.92%, which is higher than appreciation rates in 80.83% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in West Grove. West Grove appreciation rates in the latest quarter were at 0.08%, which equates to an annual appreciation rate of 0.32%.

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

Average Home Values

 

Median Home Value:
$221,127

West Grove, PA HOME PRICES

Value Range
> $1,091,000 0.0
$818,001 - $1,091,000 0.0
$545,001 - $818,000 0.0
$436,001 - $545,000 0.0
$328,001 - $436,000 5.0
$218,001 - $328,000 45.2
$109,001 - $218,000 46.4
$55,001 - $109,000 2.6
$0 - $55,000 0.7

Very High for PA
High for Nation

Value Relative to Nation Value Relative to State
27.5108402671979 16.7149758454106

Number Of Homes And Apartments:
917

West Grove 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
47.59% 2.28% 6 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,491 / per month

Homeownership Rate

Homeownership
Owners 67.39
Renters 32.61
Vacant 5.27

Housing Market Details

 

Age of Homes

AGE OF West Grove HOMES
2000 or Newer 12.3
1970 - 1999 32.3
1940 - 1969 26.5
1939 or Older 28.8

Types of Homes

TYPE OF West Grove HOMES
Single-Family 61.8
Townhomes 25.4
Small Apt. Buildings 4.1
Apt. Complexes 8.7
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF West Grove HOMES
No Bedroom 0.00
1 Bedroom 1.24
2 Bedrooms 25.21
3 Bedrooms 52.69
4 Bedrooms 17.87
5 or more bedrooms 3.00