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 a population of 7,246, 2,754 total housing units (homes and apartments), and a median house value of $391,569, Souderton real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Souderton, accounting for 39.88% of the borough's housing units. Other types of housing that are prevalent in Souderton include row houses and other attached homes ( 23.55%), duplexes, homes converted to apartments or other small apartment buildings ( 22.02%), and a few large apartment complexes or high rise apartments ( 13.78%).
The most prevalent building size and type in Souderton are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 57.54% owning and 42.46% renting.
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. Souderton's housing was primarily built during this period, from the '40s through the '60s. A full 36.64% of the borough's housing hails from this era. Other housing ages represented in Souderton include homes built before 1939 ( 29.83%) and housing constructed between 1970-1999 ( 22.26%). There's also some housing in Souderton built between 2000 and later ( 11.27%).
Real estate appreciation rates in Souderton's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.84% during the period.
Appreciation rates are so strong in Souderton that despite a nationwide downturn in the housing market, Souderton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Souderton appreciation rates continue to be some of the highest in America, at 8.21%, which is higher than appreciation rates in 72.35% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Souderton. Souderton 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 Souderton's latest annual appreciation rate is higher than 70% of the other cities and towns in Pennsylvania.
$391,569
for Pennsylvania
for nation
2,754
$1,949 / per month