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 13,730, 5,361 total housing units (homes and apartments), and a median house value of $414,313, Willow Grove real estate is some of the most expensive in Pennsylvania, although Willow Grove home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Willow Grove, accounting for 64.17% of the town's housing units. Other types of housing that are prevalent in Willow Grove include large apartment complexes or high rise apartments ( 16.27%), duplexes, homes converted to apartments or other small apartment buildings ( 12.06%), and a few row houses and other attached homes ( 7.50%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Willow Grove. Owner-occupied housing accounts for 68.34% of Willow Grove's homes, and 60.35% 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. Willow Grove's housing was primarily built during this period, from the '40s through the '60s. A full 57.61% of the town's housing hails from this era. Other housing ages represented in Willow Grove include homes built between 1970-1999 ( 25.18%) and housing constructed before 1939 ( 15.56%). There's also some housing in Willow Grove built between 2000 and later ( 1.65%).
Real estate appreciation rates in Willow Grove's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.15% during the period.
NeighborhoodScout's data show that during the latest twelve months, Willow Grove's appreciation rate, at 6.46%, has been at or slightly above the national average. In the latest quarter, Willow Grove's appreciation rate has been 1.44%, which annualizes to a rate of 5.90%.
Relative to Pennsylvania, our data show that Willow Grove's latest annual appreciation rate is lower than 50% of the other cities and towns in Pennsylvania.
One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Willow Grove differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Willow Grove - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Willow Grove real estate investment or home purchase decisions.
$414,313
for Pennsylvania
for nation
5,361
$2,880 / per month