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 a population of 16,194, 5,414 total housing units (homes and apartments), and a median house value of $971,519, Chester Springs house prices are not only among the most expensive in Pennsylvania, Chester Springs real estate also is some of the most expensive in all of America.
Chester Springs is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Chester Springs than is found in 98% of the communities in America.
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Chester Springs. Owner-occupied housing accounts for 88.50% of Chester Springs's homes, and 75.51% have either three or four bedrooms, which is average sized relative to America.
Chester Springs homes and real estate are some of the newest in America. 52.92% of Chester Springs's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Chester Springs real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 31.29%), and between 1940-1969 ( 9.71%). There's also some housing in Chester Springs built before 1939 ( 6.07%).
Real estate appreciation rates in Chester Springs's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.23% during the period.
Appreciation rates are so strong in Chester Springs that despite a nationwide downturn in the housing market, Chester Springs real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Chester Springs appreciation rates continue to be some of the highest in America, at 13.12%, which is higher than appreciation rates in 95.61% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Chester Springs. Chester Springs appreciation rates in the latest quarter were at 1.44%, which equates to an annual appreciation rate of 5.90%.
Relative to Pennsylvania, our data show that Chester Springs's latest annual appreciation rate is higher than 90% of the other cities and towns in Pennsylvania.
$971,519
for Pennsylvania
for nation
5,414
$3,863 / per month