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 29,181 people, 11,999 houses or apartments, and a median cost of homes of $318,443, Drexel Hill real estate prices are well above average cost compared to national prices.
Row houses and other attached homes are the single most common housing type in Drexel Hill, accounting for 35.77% of the town's housing units. Other types of housing that are prevalent in Drexel Hill include single-family detached homes ( 33.54%), large apartment complexes or high rise apartments ( 16.42%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 14.16%). Towns with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact towns that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.
Owner-occupied, three and four bedroom dwellings, primarily in row houses and other attached homes are the most prevalent type of housing you will see in Drexel Hill. Owner-occupied housing accounts for 65.09% of Drexel Hill's homes, and 60.86% 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. Drexel Hill's housing was primarily built during this period, from the '40s through the '60s. A full 60.58% of the town's housing hails from this era. Other housing ages represented in Drexel Hill include homes built before 1939 ( 29.93%) and housing constructed between 1970-1999 ( 7.41%). There's also some housing in Drexel Hill built between 2000 and later ( 2.07%).
Real estate appreciation rates in Drexel Hill's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.17% during the period.
Appreciation rates are so strong in Drexel Hill that despite a nationwide downturn in the housing market, Drexel Hill real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Drexel Hill appreciation rates continue to be some of the highest in America, at 8.48%, which is higher than appreciation rates in 75.37% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Drexel Hill. Drexel Hill 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 Drexel Hill's latest annual appreciation rate is higher than 70% 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 Drexel Hill differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Drexel Hill - 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 Drexel Hill real estate investment or home purchase decisions.
$318,443
for Pennsylvania
for nation
11,999
$2,231 / per month