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 7,126 people, 3,069 houses or apartments, and a median cost of homes of $351,534, Ridley Park real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Ridley Park, accounting for 45.09% of the borough's housing units. Other types of housing that are prevalent in Ridley Park include row houses and other attached homes ( 25.97%), large apartment complexes or high rise apartments ( 18.72%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 10.22%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Ridley Park. Owner-occupied housing accounts for 67.45% of Ridley Park's homes, and 61.95% 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. Ridley Park's housing was primarily built during this period, from the '40s through the '60s. A full 58.55% of the borough's housing hails from this era. Other housing ages represented in Ridley Park include homes built before 1939 ( 27.84%) and housing constructed between 1970-1999 ( 11.59%). There's also some housing in Ridley Park built between 2000 and later ( 2.02%).
Real estate appreciation rates in Ridley Park's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.80% during the period.
Appreciation rates are so strong in Ridley Park that despite a nationwide downturn in the housing market, Ridley Park real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Ridley Park appreciation rates continue to be some of the highest in America, at 9.04%, which is higher than appreciation rates in 81.10% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Ridley Park. Ridley Park 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 Ridley Park's latest annual appreciation rate is higher than 70% of the other cities and towns in Pennsylvania.
$351,534
for Pennsylvania
for nation
3,069
$1,942 / per month