Wexford, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Wexford Neighborhoods Since 2000




Wexford, 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

Wexford Housing Market Information

With 26,551 people, 3,337 houses or apartments, and a median cost of homes of $340,183, 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 82.17% of Wexford's homes, and 71.56% 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 ( 28.12%). A lesser amount of the housing stock also hails from between 1940-1969 ( 17.38%). There's also some housing in Wexford built before 1939 ( 5.57%).

Wexford Home Appreciation Rates

In the last 10 years, Wexford has experienced some of the highest home appreciation rates of any community in the nation. Wexford real estate appreciated 24.79% over the last ten years, which is an average annual home appreciation rate of 2.24%, putting Wexford in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Wexford definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Wexford appreciation rates have trailed the rest of the nation. In the last twelve months, Wexford's appreciation rate has been 0.86%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Wexford were at -0.41%, which equates to an annual appreciation rate of -1.65%.

Relative to Pennsylvania, our data show that Wexford's latest annual appreciation rate is lower than 70% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$340,183

Wexford, PA HOME PRICES

Value Range
> $1,104,000 3.1
$828,001 - $1,104,000 3.3
$552,001 - $828,000 13.9
$441,001 - $552,000 12.1
$331,001 - $441,000 21.5
$221,001 - $331,000 28.7
$110,001 - $221,000 14.1
$55,001 - $110,000 1.9
$0 - $55,000 1.4

Very High for PA
Very High for Nation

Value Relative to Nation Value Relative to State
12.9204265791633 4.73429951690821

Number Of Homes And Apartments:
3,337

Wexford 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
52.45% 2.47% 7 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,764 / per month

Homeownership Rate

Homeownership
Owners 82.17
Renters 17.83
Vacant 4.11

Housing Market Details

 

Age of Homes

AGE OF Wexford HOMES
2000 or Newer 28.1
1970 - 1999 48.9
1940 - 1969 17.4
1939 or Older 5.6

Types of Homes

TYPE OF Wexford HOMES
Single-Family 78.0
Townhomes 9.3
Small Apt. Buildings 1.6
Apt. Complexes 11.1
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Wexford HOMES
No Bedroom 0.70
1 Bedroom 5.10
2 Bedrooms 12.95
3 Bedrooms 27.15
4 Bedrooms 44.40
5 or more bedrooms 9.69