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 8,242, 3,393 total housing units (homes and apartments), and a median house value of $461,361, Downingtown real estate is some of the most expensive in Pennsylvania, although Downingtown home values aren't among America's most expensive.
Row houses and other attached homes are the single most common housing type in Downingtown, accounting for 37.52% of the borough's housing units. Other types of housing that are prevalent in Downingtown include large apartment complexes or high rise apartments ( 33.98%), single-family detached homes ( 19.86%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.64%). This particular housing mix is relatively uncommon and characteristic of boroughs that are compact and walkable, and which often have a lively downtown.
The most prevalent building size and type in Downingtown are three and four bedroom dwellings, chiefly found in row houses and other attached homes. The borough has a mixture of owners and renters, with 51.51% owning and 48.49% renting.
The housing in Downingtown was primarily built before 1939 ( 34.35%), making the housing stock in Downingtown some of the oldest overall in America, although there is a range of ages of homes in Downingtown. The next most important housing age is between 1970-1999 ( 30.15%), followed by between 1940-1969 ( 24.47%). There's also some housing in Downingtown built between 2000 and later ( 11.03%).
Real estate appreciation rates in Downingtown's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.29% during the period.
Appreciation rates are so strong in Downingtown that despite a nationwide downturn in the housing market, Downingtown real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Downingtown appreciation rates continue to be some of the highest in America, at 9.82%, which is higher than appreciation rates in 86.43% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Downingtown. Downingtown 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 Downingtown's latest annual appreciation rate is higher than 80% 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 Downingtown differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Downingtown - 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 Downingtown real estate investment or home purchase decisions.
$461,361
for Pennsylvania
for nation
3,393
$2,657 / per month