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 1,391, 626 total housing units (homes and apartments), and a median house value of $512,157, Elverson real estate is some of the most expensive in Pennsylvania, although Elverson home values aren't among America's most expensive.
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%).
Real estate appreciation rates in Elverson's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.99% during the period.
NeighborhoodScout's data show that during the latest twelve months, Elverson's appreciation rate, at 6.29%, has been at or slightly above the national average. In the latest quarter, Elverson's appreciation rate has been 0.82%, which annualizes to a rate of 3.32%.
Relative to Pennsylvania, our data show that Elverson's latest annual appreciation rate is higher than 60% of the other cities and towns in Pennsylvania.
$512,157
for Pennsylvania
for nation
626
$1,564 / per month