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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.



Narvon, 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

Narvon, PA Housing Market Trends

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%).

Narvon Home Appreciation Rates

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.

Average Home Values

Median Home Value

$579,950

Narvon, PA Home Prices
> $1,556,000
$1,167,001 - $1,556,000
$778,001 - $1,167,000
$623,001 - $778,000
$467,001 - $623,000
$311,001 - $467,000
$156,001 - $311,000
$78,001 - $156,000
$0 - $78,000
6.2%
6.2%
2.6%
2.6%
18.5%
18.5%
13.3%
13.3%
25.3%
25.3%
20.3%
20.3%
5.6%
5.6%
5.0%
5.0%
3.1%
3.1%
0% 100.0%
% of Homes
Very High

for Pennsylvania

Very High

for nation

Number of Homes And Apartments:

3,028

Narvon Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,084 / per month

Homeownership Rate

Owners
Renters
76.5%
76.5%
23.5%
23.5%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
2.4%
2.4%
97.6%
97.6%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
15.3%
15.3%
53.6%
53.6%
10.5%
10.5%
20.6%
20.6%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
83.3%
83.3%
6.1%
6.1%
2.7%
2.7%
2.5%
2.5%
5.4%
5.4%
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
1.0%
1.0%
4.4%
4.4%
13.4%
13.4%
37.5%
37.5%
27.8%
27.8%
15.9%
15.9%
0% 100.0%
% of Homes