Willow Grove, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Willow Grove Neighborhoods Since 2000




Willow 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

Willow Grove Housing Market Information

With 15,882 people, 5,971 houses or apartments, and a median cost of homes of $268,085, Willow Grove real estate is some of the most expensive in Pennsylvania, although Willow Grove home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Willow Grove, accounting for 65.47% of the town's housing units. Other types of housing that are prevalent in Willow Grove include large apartment complexes or high rise apartments ( 17.94%), duplexes, homes converted to apartments or other small apartment buildings ( 9.23%), and a few row houses and other attached homes ( 7.07%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Willow Grove. Owner-occupied housing accounts for 68.16% of Willow Grove's homes, and 61.03% have either three or four bedrooms, which is average sized relative to America.

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. Willow Grove's housing was primarily built during this period, from the '40s through the '60s. A full 60.80% of the town's housing hails from this era. Other housing ages represented in Willow Grove include homes built between 1970-1999 ( 23.36%) and housing constructed before 1939 ( 14.43%). There's also some housing in Willow Grove built between 2000 and later ( 1.41%).

Willow Grove Home Appreciation Rates

Real estate appreciation rates in Willow Grove's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.37% during the period.

NeighborhoodScout's data show that during the latest twelve months, Willow Grove's appreciation rate, at 4.49%, has been at or slightly above the national average. In the latest quarter, Willow Grove's appreciation rate has been 0.08%, which annualizes to a rate of 0.32%.

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

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Willow Grove differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Willow Grove - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Willow Grove real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$268,085

Willow Grove, PA HOME PRICES

Value Range
> $1,098,000 0.5
$824,001 - $1,098,000 0.5
$549,001 - $824,000 2.2
$439,001 - $549,000 3.0
$330,001 - $439,000 17.2
$220,001 - $330,000 54.5
$110,001 - $220,000 17.8
$55,001 - $110,000 1.6
$0 - $55,000 2.8

Very High for PA
High for Nation

Value Relative to Nation Value Relative to State
20.0339857025665 9.66183574879227

Number Of Homes And Apartments:
5,971

Willow 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
67.17% 3.02% 9 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,529 / per month

Homeownership Rate

Homeownership
Owners 68.16
Renters 31.84
Vacant 6.63

Housing Market Details

 

Age of Homes

AGE OF Willow Grove HOMES
2000 or Newer 1.4
1970 - 1999 23.4
1940 - 1969 60.8
1939 or Older 14.4

Types of Homes

TYPE OF Willow Grove HOMES
Single-Family 65.5
Townhomes 7.1
Small Apt. Buildings 9.2
Apt. Complexes 17.9
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Willow Grove HOMES
No Bedroom 2.24
1 Bedroom 13.39
2 Bedrooms 20.55
3 Bedrooms 44.77
4 Bedrooms 16.26
5 or more bedrooms 2.80