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 11,722, 3,829 total housing units (homes and apartments), and a median house value of $512,716, Center Valley real estate is some of the most expensive in Pennsylvania, although Center Valley home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Center Valley, accounting for 80.98% of the town's housing units. Other types of housing that are prevalent in Center Valley include row houses and other attached homes ( 12.34%), large apartment complexes or high rise apartments ( 4.31%), and a few mobile homes or trailers ( 2.01%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Center Valley. Owner-occupied housing accounts for 82.38% of Center Valley's homes, and 80.83% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Center Valley 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 Center Valley built between 2000 and later ( 30.83%). A lesser amount of the housing stock also hails from between 1940-1969 ( 23.53%). There's also some housing in Center Valley built before 1939 ( 7.83%).
Center Valley's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Center Valley during the period has been just 5.16%, which is lower than 70% of US communities.
Appreciation rates are so strong in Center Valley that despite a nationwide downturn in the housing market, Center Valley real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Center Valley appreciation rates continue to be some of the highest in America, at 9.02%, which is higher than appreciation rates in 91.60% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Center Valley. Center Valley appreciation rates in the latest quarter were at 2.24%, which equates to an annual appreciation rate of 9.28%.
Importantly, this makes Center Valley 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 Center Valley's latest annual appreciation rate is higher than 90% of the other cities and towns in Pennsylvania.
$512,716
for Pennsylvania
for nation
3,829
$2,068 / per month