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 5,333 people, 1,533 houses or apartments, and a median cost of homes of $497,569, Collegeville real estate is some of the most expensive in Pennsylvania, although Collegeville home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Collegeville, accounting for 57.12% of the borough's housing units. Other types of housing that are prevalent in Collegeville include large apartment complexes or high rise apartments ( 26.65%), row houses and other attached homes ( 13.99%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.23%).
The most prevalent building size and type in Collegeville are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 46.77% owning and 53.23% renting.
There is a lot of housing in Collegeville 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 Collegeville built between 1940-1969 ( 36.01%). A lesser amount of the housing stock also hails from between 2000 and later ( 7.44%). There's also some housing in Collegeville built before 1939 ( 4.20%).
Collegeville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Collegeville during the period has been just 5.10%, which is lower than 80% of US communities.
Appreciation rates are so strong in Collegeville that despite a nationwide downturn in the housing market, Collegeville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Collegeville appreciation rates continue to be some of the highest in America, at 8.00%, which is higher than appreciation rates in 70.22% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Collegeville. Collegeville 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 Collegeville's latest annual appreciation rate is higher than 70% of the other cities and towns in Pennsylvania.
One very important thing to keep in mind is that these are average appreciation rates for the borough. Individual neighborhoods within Collegeville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Collegeville - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Collegeville real estate investment or home purchase decisions.
$497,569
for Pennsylvania
for nation
1,533
$2,304 / per month