Wyomissing, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Wyomissing Neighborhoods Since 2000




Wyomissing, PA Real Estate Data


Wyomissing Housing Market Information

With 10,469 people, 4,406 houses or apartments, and a median cost of homes of $233,276, Wyomissing real estate is some of the most expensive in Pennsylvania, although Wyomissing home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Wyomissing, accounting for 56.92% of the borough's housing units. Other types of housing that are prevalent in Wyomissing include large apartment complexes or high rise apartments ( 25.31%), row houses and other attached homes ( 14.11%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.92%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Wyomissing. Owner-occupied housing accounts for 71.54% of Wyomissing's homes, and 57.11% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Wyomissing 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 Wyomissing built between 1940-1969 ( 32.46%). A lesser amount of the housing stock also hails from before 1939 ( 22.26%). There's also some housing in Wyomissing built between 2000 and later ( 8.23%).

Wyomissing Home Appreciation Rates

Real estate appreciation rates in Wyomissing's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.54% during the period.

Over the last year, Wyomissing appreciation rates have trailed the rest of the nation. In the last twelve months, Wyomissing's appreciation rate has been 1.28%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Wyomissing were at 1.25%, which equates to an annual appreciation rate of 5.09%.

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

Average Home Values

 

Median Home Value:
$233,276

Wyomissing, PA HOME PRICES

Value Range
> $1,076,000 2.0
$807,001 - $1,076,000 1.7
$538,001 - $807,000 7.0
$430,001 - $538,000 4.1
$323,001 - $430,000 12.4
$215,001 - $323,000 19.8
$108,001 - $215,000 43.9
$54,001 - $108,000 6.5
$0 - $54,000 2.5

Very High for PA
High for Nation

Value Relative to Nation Value Relative to State
25.9530362475845 14.8792270531401

Number Of Homes And Apartments:
4,406

Rent & Ownership

 

Average Market Rent:
$1,401 / per month

Homeownership Rate

Homeownership
Owners 71.54
Renters 28.46
Vacant 6.77

Housing Market Details

 

Age of Homes

AGE OF Wyomissing HOMES
2000 or Newer 8.2
1970 - 1999 37.1
1940 - 1969 32.5
1939 or Older 22.3

Types of Homes

TYPE OF Wyomissing HOMES
Single-Family 56.9
Townhomes 14.1
Small Apt. Buildings 2.9
Apt. Complexes 25.3
Mobile Homes 0.7
Other 0.0

Home Size

SIZE OF Wyomissing HOMES
No Bedroom 3.55
1 Bedroom 9.50
2 Bedrooms 20.27
3 Bedrooms 31.19
4 Bedrooms 25.92
5 or more bedrooms 9.56

Wyomissing Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
38.63% 1.94% 3 4
* 10 is highest