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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 2,142 people, 1,688 houses or apartments, and a median cost of homes of $546,828, Chalfont real estate is some of the most expensive in Pennsylvania, although Chalfont home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Chalfont, accounting for 65.38% of the borough's housing units. Other types of housing that are prevalent in Chalfont include row houses and other attached homes ( 14.24%), large apartment complexes or high rise apartments ( 12.89%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.50%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Chalfont. Owner-occupied housing accounts for 83.12% of Chalfont's homes, and 79.09% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Chalfont 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 Chalfont built between 1940-1969 ( 35.91%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.11%). There's also some housing in Chalfont built before 1939 ( 6.33%).
Chalfont's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Chalfont during the period has been just 5.03%, which is lower than 80% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Chalfont's appreciation rate, at 6.63%, has been at or slightly above the national average. In the latest quarter, Chalfont's appreciation rate has been 1.44%, which annualizes to a rate of 5.90%.
Relative to Pennsylvania, our data show that Chalfont's latest annual appreciation rate is lower than 50% of the other cities and towns in Pennsylvania.
$546,828
for Pennsylvania
for nation
1,688
$3,469 / per month