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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Hatboro, PA Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Hatboro, PA Housing Market Trends

With a population of 8,243, 3,088 total housing units (homes and apartments), and a median house value of $402,165, Hatboro real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Hatboro, accounting for 43.21% of the borough's housing units. Other types of housing that are prevalent in Hatboro include large apartment complexes or high rise apartments ( 31.18%), row houses and other attached homes ( 17.60%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.01%).

People in Hatboro primarily live in small (one, two or no bedroom) single-family detached homes. Hatboro has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Hatboro's housing was primarily built during this period, from the '40s through the '60s. A full 40.61% of the borough's housing hails from this era. Other housing ages represented in Hatboro include homes built before 1939 ( 25.28%) and housing constructed between 1970-1999 ( 22.32%). There's also some housing in Hatboro built between 2000 and later ( 11.79%).

Hatboro Home Appreciation Rates

Hatboro's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Hatboro during the period has been just 5.59%, which is lower than 70% of US communities.

Appreciation rates are so strong in Hatboro that despite a nationwide downturn in the housing market, Hatboro real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Hatboro appreciation rates continue to be some of the highest in America, at 8.76%, which is higher than appreciation rates in 78.75% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Hatboro. Hatboro 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 Hatboro'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 Hatboro differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Hatboro - 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 Hatboro real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$402,165

Hatboro, PA Home Prices
> $1,334,000
$1,000,001 - $1,334,000
$667,001 - $1,000,000
$534,001 - $667,000
$400,001 - $534,000
$266,001 - $400,000
$133,001 - $266,000
$67,001 - $133,000
$0 - $67,000
0.0%
0.0%
0.0%
0.0%
6.7%
6.7%
9.8%
9.8%
46.1%
46.1%
25.3%
25.3%
11.1%
11.1%
0.8%
0.8%
0.2%
0.2%
0% 100.0%
% of Homes
Very High

for Pennsylvania

High

for nation

Number of Homes And Apartments:

3,088

Hatboro Appreciation Rates

Rent & Ownership

Average Market Rent:

$3,079 / per month

Homeownership Rate

Owners
Renters
56.3%
56.3%
43.7%
43.7%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
6.6%
6.6%
93.4%
93.4%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
11.8%
11.8%
22.3%
22.3%
40.6%
40.6%
25.3%
25.3%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
43.2%
43.2%
17.6%
17.6%
8.0%
8.0%
31.2%
31.2%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
3.5%
3.5%
14.1%
14.1%
32.0%
32.0%
33.7%
33.7%
13.4%
13.4%
3.4%
3.4%
0% 100.0%
% of Homes