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 6,108 people, 2,233 houses or apartments, and a median cost of homes of $443,017, Kennett Square real estate is some of the most expensive in Pennsylvania, although Kennett Square home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Kennett Square, accounting for 52.53% of the borough's housing units. Other types of housing that are prevalent in Kennett Square include large apartment complexes or high rise apartments ( 22.14%), row houses and other attached homes ( 14.75%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 9.48%).
The most prevalent building size and type in Kennett Square are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 56.00% owning and 44.00% 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. Kennett Square's housing was primarily built during this period, from the '40s through the '60s. A full 41.05% of the borough's housing hails from this era. Other housing ages represented in Kennett Square include homes built before 1939 ( 30.39%) and housing constructed between 1970-1999 ( 22.43%). There's also some housing in Kennett Square built between 2000 and later ( 6.13%).
Appreciation rates for homes in Kennett Square have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 93.94%, which ranks in the top 50% nationwide. This equates to an annual average Kennett Square house appreciation rate of 6.85%.
NeighborhoodScout's data show that during the latest twelve months, Kennett Square's appreciation rate, at 7.33%, has been at or slightly above the national average. In the latest quarter, Kennett Square's appreciation rate has been 1.44%, which annualizes to a rate of 5.90%.
Relative to Pennsylvania, our data show that Kennett Square's latest annual appreciation rate is higher than 60% 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 borough. Individual neighborhoods within Kennett Square differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Kennett Square - 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 Kennett Square real estate investment or home purchase decisions.
$443,017
for Pennsylvania
for nation
2,233
$2,037 / per month