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 13,566 people, 6,305 houses or apartments, and a median cost of homes of $627,189, Ardmore house prices are not only among the most expensive in Pennsylvania, Ardmore real estate also is some of the most expensive in all of America.
Row houses and other attached homes are the single most common housing type in Ardmore, accounting for 39.38% of the town's housing units. Other types of housing that are prevalent in Ardmore include large apartment complexes or high rise apartments ( 26.42%), single-family detached homes ( 25.73%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.47%). This particular housing mix is relatively uncommon and characteristic of towns that are compact and walkable, and which often have a lively downtown.
The most prevalent building size and type in Ardmore are three and four bedroom dwellings, chiefly found in row houses and other attached homes. The town has a mixture of owners and renters, with 64.87% owning and 35.13% renting.
The housing in Ardmore was primarily built before 1939 ( 46.37%), making the housing stock in Ardmore some of the oldest overall in America, although there is a range of ages of homes in Ardmore. The next most important housing age is between 1940-1969 ( 33.55%), followed by between 1970-1999 ( 11.21%). There's also some housing in Ardmore built between 2000 and later ( 8.87%).
Real estate appreciation rates in Ardmore's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.13% during the period.
Appreciation rates are so strong in Ardmore that despite a nationwide downturn in the housing market, Ardmore real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Ardmore appreciation rates continue to be some of the highest in America, at 9.32%, which is higher than appreciation rates in 83.01% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Ardmore. Ardmore 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 Ardmore's latest annual appreciation rate is higher than 80% of the other cities and towns in Pennsylvania.
$627,189
for Pennsylvania
for nation
6,305
$3,012 / per month