Wexford, PA Real Estate Market

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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Wexford, PA Housing Market Trends

With 27,253 people, 3,674 houses or apartments, and a median cost of homes of $414,273, Wexford house prices are not only among the most expensive in Pennsylvania, Wexford real estate also is some of the most expensive in all of America.

Wexford is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Wexford than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Wexford. Owner-occupied housing accounts for 82.31% of Wexford's homes, and 70.54% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Wexford 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 Wexford built between 2000 and later ( 37.11%). A lesser amount of the housing stock also hails from between 1940-1969 ( 16.65%). There's also some housing in Wexford built before 1939 ( 3.34%).

Wexford Home Appreciation Rates

Appreciation rates for homes in Wexford have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 45.78%, which ranks in the top 30% nationwide. This equates to an annual average Wexford house appreciation rate of 3.84%.

NeighborhoodScout's data show that during the latest twelve months, Wexford's appreciation rate, at 5.87%, has been at or slightly above the national average. In the latest quarter, Wexford's appreciation rate has been 2.49%, which annualizes to a rate of 10.35%.

Relative to Pennsylvania, our data show that Wexford's latest annual appreciation rate is higher than 50% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$414,273

Wexford, PA HOME PRICES

> $1,178,000
3.9%
3.9%
$883,001 - $1,178,000
5.0%
5.0%
$589,001 - $883,000
17.5%
17.5%
$471,001 - $589,000
17.9%
17.9%
$353,001 - $471,000
24.2%
24.2%
$236,001 - $353,000
20.9%
20.9%
$118,001 - $236,000
8.9%
8.9%
$59,001 - $118,000
0.9%
0.9%
$0 - $59,000
0.9%
0.9%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for PA

Value Relative To Nation

Number Of Homes And Apartments:
3,674

Wexford Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
85.92% 3.00%
8
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,864 / per month

Homeownership Rate

Owners
82.3%
82.3%
Renters
17.7%
17.7%
Vacant
5.0%
5.0%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
37.1%
37.1%
1970 - 1999
42.9%
42.9%
1940 - 1969
16.6%
16.6%
1939 or Older
3.3%
3.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
72.7%
72.7%
Townhomes
13.9%
13.9%
Small Apt. Buildings
0.6%
0.6%
Apt. Complexes
12.8%
12.8%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.4%
0.4%
1 Bedroom
5.2%
5.2%
2 Bedrooms
12.8%
12.8%
3 Bedrooms
25.6%
25.6%
4 Bedrooms
45.0%
45.0%
5 or more bedrooms
11.0%
11.0%
0.0% 100.0%
% OF HOMES