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 1,391 people, 626 houses or apartments, and a median cost of homes of $559,848, Elverson house prices are not only among the most expensive in Pennsylvania, Elverson real estate also is some of the most expensive in all of America.
Row houses and other attached homes are the single most common housing type in Elverson, accounting for 44.84% of the borough's housing units. Other types of housing that are prevalent in Elverson include single-family detached homes ( 36.67%), large apartment complexes or high rise apartments ( 12.63%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.86%). This particular housing mix is relatively uncommon and characteristic of boroughs that are compact and walkable, and which often have a lively downtown.
Owner-occupied, three and four bedroom dwellings, primarily in row houses and other attached homes are the most prevalent type of housing you will see in Elverson. Owner-occupied housing accounts for 77.96% of Elverson's homes, and 65.49% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Elverson 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 Elverson built between 2000 and later ( 34.05%). A lesser amount of the housing stock also hails from before 1939 ( 19.11%). There's also some housing in Elverson built between 1940-1969 ( 4.01%).
Appreciation rates for homes in Elverson have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 95.55%, which ranks in the top 50% nationwide. This equates to an annual average Elverson house appreciation rate of 6.94%.
Appreciation rates are so strong in Elverson that despite a nationwide downturn in the housing market, Elverson real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Elverson appreciation rates continue to be some of the highest in America, at 9.59%, which is higher than appreciation rates in 84.93% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Elverson. Elverson 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 Elverson's latest annual appreciation rate is higher than 80% of the other cities and towns in Pennsylvania.
$559,848
for Pennsylvania
for nation
626
$1,630 / per month