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 4,704 people, 1,988 houses or apartments, and a median cost of homes of $519,465, Jenkintown real estate is some of the most expensive in Pennsylvania, although Jenkintown home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Jenkintown, accounting for 31.83% of the borough's housing units. Other types of housing that are prevalent in Jenkintown include large apartment complexes or high rise apartments ( 29.60%), duplexes, homes converted to apartments or other small apartment buildings ( 18.95%), and a few row houses and other attached homes ( 18.86%).
Dwellings in Jenkintown tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 46.95% of the homes in Jenkintown have two or fewer bedrooms.
The housing in Jenkintown was primarily built before 1939 ( 56.26%), making the housing stock in Jenkintown some of the oldest overall in America, although there is a range of ages of homes in Jenkintown. The next most important housing age is between 1940-1969 ( 37.32%), followed by between 1970-1999 ( 5.48%).
Vacant housing appears to be an issue in Jenkintown. Fully 11.37% of the housing stock is classified as vacant. Left unchecked, vacant Jenkintown homes and apartments can be a drag on the real estate market, holding Jenkintown real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Jenkintown's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Jenkintown during the period has been just 5.51%, which is lower than 70% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Jenkintown's appreciation rate, at 6.96%, has been at or slightly above the national average. In the latest quarter, Jenkintown's appreciation rate has been 1.44%, which annualizes to a rate of 5.90%.
Relative to Pennsylvania, our data show that Jenkintown's latest annual appreciation rate is higher than 50% 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 Jenkintown differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Jenkintown - 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 Jenkintown real estate investment or home purchase decisions.
$519,465
for Pennsylvania
for nation
1,988
$2,229 / per month