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 3,978, 1,818 total housing units (homes and apartments), and a median house value of $1,086,600, Spring House house prices are not only among the most expensive in Pennsylvania, Spring House real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in Spring House, accounting for 65.40% of the town's housing units. Other types of housing that are prevalent in Spring House include row houses and other attached homes ( 21.91%), large apartment complexes or high rise apartments ( 11.01%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.69%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Spring House. Owner-occupied housing accounts for 84.06% of Spring House's homes, and 71.88% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Spring House 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 Spring House built between 2000 and later ( 17.43%). A lesser amount of the housing stock also hails from between 1940-1969 ( 14.85%). There's also some housing in Spring House built before 1939 ( 12.59%).
Spring House's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Spring House during the period has been just 5.83%, which is lower than 70% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Spring House's appreciation rate, at 8.68%, has been at or slightly above the national average. In the latest quarter, Spring House's appreciation rate has been 1.61%, which annualizes to a rate of 6.61%.
Relative to Pennsylvania, our data show that Spring House's latest annual appreciation rate is lower than 50% of the other cities and towns in Pennsylvania.
$1,086,600
for Pennsylvania
for nation
1,818
$4,806 / per month