Folcroft, PA Real Estate Market
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.
Date(s) & Update Frequency:
- Home Values, Rents: Reflects Q2 2024. Updated quarterly.
- Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
Folcroft, PA Housing Market Trends
With 6,731 people, 2,446 houses or apartments, and a median cost of homes of $220,054, house prices in Folcroft are solidly below the national average.
Row houses and other attached homes are the single most common housing type in Folcroft, accounting for 72.66% of the borough's housing units. Other types of housing that are prevalent in Folcroft include single-family detached homes ( 14.42%), large apartment complexes or high rise apartments ( 8.95%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.97%). Boroughs with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact boroughs 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 Folcroft. Owner-occupied housing accounts for 72.68% of Folcroft's homes, and 87.27% 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. Folcroft's housing was primarily built during this period, from the '40s through the '60s. A full 65.99% of the borough's housing hails from this era. Other housing ages represented in Folcroft include homes built between 1970-1999 ( 19.33%) and housing constructed before 1939 ( 12.88%). There's also some housing in Folcroft built between 2000 and later ( 1.80%).
Folcroft Home Appreciation Rates
In the last 10 years, Folcroft has experienced some of the highest home appreciation rates of any community in the nation. Folcroft real estate appreciated 130.29% over the last ten years, which is an average annual home appreciation rate of 8.70%, putting Folcroft in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Folcroft definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Folcroft that despite a nationwide downturn in the housing market, Folcroft real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Folcroft appreciation rates continue to be some of the highest in America, at 13.30%, which is higher than appreciation rates in 95.85% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Folcroft. Folcroft 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 Folcroft's latest annual appreciation rate is higher than 90% of the other cities and towns in Pennsylvania.
Median Home Value
$220,054
Average
for Pennsylvania
Low
for nation
Number of Homes And Apartments:
2,446
PA
America
2024 Q1 - 2024 Q2
2023 Q2 - 2024 Q2
2022 Q2 - 2024 Q2
2019 Q2 - 2024 Q2
2014 Q2 - 2024 Q2
2000 Q1 - 2024 Q2
Average Market Rent:
$3,058 / per month