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 10,295 people, 3,028 houses or apartments, and a median cost of homes of $579,950, Narvon house prices are not only among the most expensive in Pennsylvania, Narvon real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in Narvon, accounting for 83.27% of the town's housing units. Other types of housing that are prevalent in Narvon include row houses and other attached homes ( 6.12%), mobile homes or trailers ( 5.42%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.71%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Narvon. Owner-occupied housing accounts for 76.53% of Narvon's homes, and 65.28% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Narvon 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 Narvon built before 1939 ( 20.55%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.33%). There's also some housing in Narvon built between 1940-1969 ( 10.50%).
Appreciation rates for homes in Narvon have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 97.15%, which ranks in the top 40% nationwide. This equates to an annual average Narvon house appreciation rate of 7.02%.
Appreciation rates are so strong in Narvon that despite a nationwide downturn in the housing market, Narvon real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Narvon appreciation rates continue to be some of the highest in America, at 13.78%, which is higher than appreciation rates in 96.44% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Narvon. Narvon appreciation rates in the latest quarter were at 3.45%, which equates to an annual appreciation rate of 14.52%.
Importantly, this makes Narvon one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Pennsylvania, our data show that Narvon's latest annual appreciation rate is higher than 90% of the other cities and towns in Pennsylvania.
$579,950
for Pennsylvania
for nation
3,028
$2,084 / per month