Wyomissing, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Wyomissing Neighborhoods Since 2000




Wyomissing, 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

Wyomissing Housing Market Information

With 10,469 people, 4,324 houses or apartments, and a median cost of homes of $281,513, 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 55.05% of the borough's housing units. Other types of housing that are prevalent in Wyomissing include large apartment complexes or high rise apartments ( 25.69%), row houses and other attached homes ( 16.46%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.18%).

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 69.65% of Wyomissing's homes, and 58.79% 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 ( 31.08%). A lesser amount of the housing stock also hails from before 1939 ( 19.02%). There's also some housing in Wyomissing built between 2000 and later ( 9.77%).

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 -0.57% during the period.

NeighborhoodScout's data show that during the latest twelve months, Wyomissing's appreciation rate, at 4.90%, has been at or slightly above the national average. In the latest quarter, Wyomissing's appreciation rate has been 1.28%, which annualizes to a rate of 5.21%.

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

Average Home Values

 

Median Home Value:
$281,513

Wyomissing, PA HOME PRICES

Value Range
> $1,093,000 2.7
$820,001 - $1,093,000 0.7
$546,001 - $820,000 4.5
$437,001 - $546,000 4.0
$328,001 - $437,000 14.1
$218,001 - $328,000 21.7
$109,001 - $218,000 44.2
$55,001 - $109,000 5.6
$0 - $55,000 2.5

Very High for PA
Very High for Nation

Value Relative to Nation Value Relative to State
18.3229813664596 8.79227053140097

Number Of Homes And Apartments:
4,324

Wyomissing 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
39.61% 1.95% 4 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,561 / per month

Homeownership Rate

Homeownership
Owners 69.65
Renters 30.35
Vacant 5.88

Housing Market Details

 

Age of Homes

AGE OF Wyomissing HOMES
2000 or Newer 9.8
1970 - 1999 40.1
1940 - 1969 31.1
1939 or Older 19.0

Types of Homes

TYPE OF Wyomissing HOMES
Single-Family 55.1
Townhomes 16.5
Small Apt. Buildings 2.2
Apt. Complexes 25.7
Mobile Homes 0.6
Other 0.0

Home Size

SIZE OF Wyomissing HOMES
No Bedroom 2.94
1 Bedroom 9.19
2 Bedrooms 21.83
3 Bedrooms 32.09
4 Bedrooms 26.71
5 or more bedrooms 7.25