Wynnewood, 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 Q2 2021. 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

Wynnewood, PA Housing Market Trends

With 14,948 people, 2,206 houses or apartments, and a median cost of homes of $717,356, Wynnewood house prices are not only among the most expensive in Pennsylvania, Wynnewood real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Wynnewood, accounting for 57.03% of the town's housing units. Other types of housing that are prevalent in Wynnewood include large apartment complexes or high rise apartments ( 31.27%), row houses and other attached homes ( 9.55%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.14%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Wynnewood. Owner-occupied housing accounts for 72.30% of Wynnewood's homes, and 50.41% 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. Wynnewood's housing was primarily built during this period, from the '40s through the '60s. A full 54.17% of the town's housing hails from this era. Other housing ages represented in Wynnewood include homes built before 1939 ( 29.55%) and housing constructed between 1970-1999 ( 12.57%). There's also some housing in Wynnewood built between 2000 and later ( 3.71%).

Wynnewood Home Appreciation Rates

Real estate appreciation rates in Wynnewood's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 3.02% during the period.

Over the last year, Wynnewood appreciation rates have trailed the rest of the nation. In the last twelve months, Wynnewood's appreciation rate has been 7.48%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Wynnewood were at 3.46%, which equates to an annual appreciation rate of 14.57%.

Relative to Pennsylvania, our data show that Wynnewood's latest annual appreciation rate is lower than 60% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$717,356

Wynnewood, PA HOME PRICES

> $1,162,000
12.7%
12.7%
$872,001 - $1,162,000
12.8%
12.8%
$581,001 - $872,000
33.5%
33.5%
$465,001 - $581,000
9.6%
9.6%
$349,001 - $465,000
14.4%
14.4%
$233,001 - $349,000
10.3%
10.3%
$116,001 - $233,000
5.4%
5.4%
$58,001 - $116,000
1.1%
1.1%
$0 - $58,000
0.2%
0.2%
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:
2,206

Wynnewood Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
102.29% 3.33%
9
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,204 / per month

Homeownership Rate

Owners
72.3%
72.3%
Renters
27.7%
27.7%
Vacant
1.3%
1.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
3.7%
3.7%
1970 - 1999
12.6%
12.6%
1940 - 1969
54.2%
54.2%
1939 or Older
29.6%
29.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
57.0%
57.0%
Townhomes
9.6%
9.6%
Small Apt. Buildings
2.1%
2.1%
Apt. Complexes
31.3%
31.3%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.2%
0.2%
1 Bedroom
11.1%
11.1%
2 Bedrooms
23.2%
23.2%
3 Bedrooms
26.0%
26.0%
4 Bedrooms
24.4%
24.4%
5 or more bedrooms
15.0%
15.0%
0.0% 100.0%
% OF HOMES