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 8,243 people, 3,088 houses or apartments, and a median cost of homes 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'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.
$402,165
for Pennsylvania
for nation
3,088
$3,079 / per month