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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.



Horsham, 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

Horsham, PA Housing Market Trends

With 15,193 people, 5,674 houses or apartments, and a median cost of homes of $465,818, Horsham real estate is some of the most expensive in Pennsylvania, although Horsham home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Horsham, accounting for 47.14% of the town's housing units. Other types of housing that are prevalent in Horsham include large apartment complexes or high rise apartments ( 22.80%), row houses and other attached homes ( 22.70%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.78%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Horsham. Owner-occupied housing accounts for 68.47% of Horsham's homes, and 54.13% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Horsham 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 Horsham built between 1940-1969 ( 37.38%). A lesser amount of the housing stock also hails from before 1939 ( 5.03%). There's also some housing in Horsham built between 2000 and later ( 4.54%).

Horsham Home Appreciation Rates

Horsham's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Horsham during the period has been just 5.43%, which is lower than 70% of US communities.

Appreciation rates are so strong in Horsham that despite a nationwide downturn in the housing market, Horsham real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Horsham appreciation rates continue to be some of the highest in America, at 8.20%, which is higher than appreciation rates in 72.24% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Horsham. Horsham 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 Horsham's latest annual appreciation rate is higher than 70% of the other cities and towns in Pennsylvania.

Average Home Values

Median Home Value

$465,818

Horsham, PA Home Prices
> $1,339,000
$1,004,001 - $1,339,000
$669,001 - $1,004,000
$535,001 - $669,000
$402,001 - $535,000
$268,001 - $402,000
$134,001 - $268,000
$67,001 - $134,000
$0 - $67,000
2.0%
2.0%
1.5%
1.5%
10.9%
10.9%
21.9%
21.9%
24.4%
24.4%
31.9%
31.9%
1.8%
1.8%
2.1%
2.1%
3.4%
3.4%
0% 100.0%
% of Homes
Very High

for Pennsylvania

High

for nation

Number of Homes And Apartments:

5,674

Horsham Appreciation Rates

Rent & Ownership

Average Market Rent:

$3,008 / per month

Homeownership Rate

Owners
Renters
68.5%
68.5%
31.5%
31.5%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
3.9%
3.9%
96.1%
96.1%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
4.5%
4.5%
53.0%
53.0%
37.4%
37.4%
5.0%
5.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
47.1%
47.1%
22.7%
22.7%
6.8%
6.8%
22.8%
22.8%
0.6%
0.6%
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
0.3%
0.3%
10.2%
10.2%
31.1%
31.1%
34.1%
34.1%
20.1%
20.1%
4.3%
4.3%
0% 100.0%
% of Homes