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 2,000 people, 1,354 houses or apartments, and a median cost of homes of $324,296, Pennsburg real estate prices are well above average cost compared to national prices.
Row houses and other attached homes are the single most common housing type in Pennsburg, accounting for 40.92% of the borough's housing units. Other types of housing that are prevalent in Pennsburg include single-family detached homes ( 34.27%), large apartment complexes or high rise apartments ( 14.25%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 10.56%). This particular housing mix is relatively uncommon and characteristic of boroughs that are compact and walkable, and which often have a lively downtown.
Owner-occupied, three and four bedroom dwellings, primarily in row houses and other attached homes are the most prevalent type of housing you will see in Pennsburg. Owner-occupied housing accounts for 65.61% of Pennsburg's homes, and 65.81% have either three or four bedrooms, which is average sized relative to America.
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. Pennsburg's housing was primarily built during this period, from the '40s through the '60s. A full 29.76% of the borough's housing hails from this era. Other housing ages represented in Pennsburg include homes built between 2000 and later ( 24.52%) and housing constructed before 1939 ( 24.08%). There's also some housing in Pennsburg built between 1970-1999 ( 21.64%).
Pennsburg's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Pennsburg during the period has been just 5.10%, which is lower than 80% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Pennsburg's appreciation rate, at 6.78%, has been at or slightly above the national average. In the latest quarter, Pennsburg's appreciation rate has been 1.44%, which annualizes to a rate of 5.90%.
Relative to Pennsylvania, our data show that Pennsburg's latest annual appreciation rate is lower than 50% of the other cities and towns in Pennsylvania.
$324,296
$2,290 / per month