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 11,127 people, 4,930 houses or apartments, and a median cost of homes of $581,117, Wyomissing house prices are not only among the most expensive in Pennsylvania, Wyomissing 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 Wyomissing, accounting for 50.16% of the borough's housing units. Other types of housing that are prevalent in Wyomissing include large apartment complexes or high rise apartments ( 29.63%), row houses and other attached homes ( 16.75%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.46%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Wyomissing. Owner-occupied housing accounts for 66.35% of Wyomissing's homes, and 53.54% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Wyomissing 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 Wyomissing built between 1940-1969 ( 30.14%). A lesser amount of the housing stock also hails from before 1939 ( 20.56%). There's also some housing in Wyomissing built between 2000 and later ( 7.29%).
Appreciation rates for homes in Wyomissing have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 82.34%, which ranks in the top 50% nationwide. This equates to an annual average Wyomissing house appreciation rate of 6.19%.
Appreciation rates are so strong in Wyomissing that despite a nationwide downturn in the housing market, Wyomissing real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Wyomissing appreciation rates continue to be some of the highest in America, at 10.51%, which is higher than appreciation rates in 96.18% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Wyomissing. Wyomissing appreciation rates in the latest quarter were at 3.87%, which equates to an annual appreciation rate of 16.38%.
Importantly, this makes Wyomissing one of the highest appreciating communities in the nation for the latest quarter, and may signal the borough's near-future real estate investment strength.
Relative to Pennsylvania, our data show that Wyomissing's latest annual appreciation rate is higher than 90% 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 Wyomissing differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Wyomissing - 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 Wyomissing real estate investment or home purchase decisions.
$581,117
$2,287 / per month