IN GENERAL, WHAT IS THE PRICE DIFFERENCE BETWEEN RADNOR, 19087 (UPPER MERION SCHOOLS) TO VILLANOVA, 19085

Asked by I Voorhees, Bucks County, PA Mon Nov 24, 2008

(LOWER MERION SCHOOLS) ASSUMING THAT THE HOUSES ARE NEARLY IDENTICAL. JUST LOOKING FOR A BALLPARK %

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7
Linda Walters, Agent, Wayne, PA
Tue Oct 15, 2013
"Radnor" can be in Upper Merion or Radnor Township, while "Villanova" can be in Radnor or Lower Merion Township. Generally, homes in Townships with perceived excellent schools will be higher priced than the same home in a Township where the schools are not as highly regarded. Taxes are lower in Upper Merion because the large retail businesses there (King of Prussia Mall) generate tax revenues for that Tonwship. Taxes are high in Radnor because the schools are well-funded.
As Nick has said, all real estate is local, even from hosues to house, so I am not sure if the answer will be helpful or not.
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Fred Lockett, Agent, Wayne, PA
Tue Dec 28, 2010
Well, prices vary all over the map in both townships... but on the whole, prices and real estate taxes are lower in Upper Merion - you can thank the KoP Mall for paying taxes that reduce the tax burden on everyone else. Tredyffrin, Lower Merion and Radnor have better schools but if you don't have kids, or if you are sending them to private schools, the prices of Upper Merion compared to the equivalent homes in Radnor, T/E and Lower Merion are hard to beat.
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Linda Walters, Agent, Wayne, PA
Tue Jul 13, 2010
These two areas are very different. Median prices are extremely high in the Villanova area while very modest in the Upper Merion area of Radnor. Certain other areas of Radnor that are in Radnor school district or the T/E school district are desirable and pricier than the Upper Merion area. Price is only one factor when you compare a less-desirable school district to a very-desirable one. Taxes will likely be lower during ownership. Resale price and time on the market will be factors at some point. You really cannot go by the town name but have to know which location the home is in to know the price it should bring. In general, I would say a 20% premium in the better districts.
Web Reference:  http://www.findahomeinpa.com
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., , Pennsylvania Furnace, PA
Sun Jul 11, 2010
Do you mean what is the price differential between like houses in Upper Merion versus Lower Merion? The school rankings have an impact on home values. In general, homes in areas where the schools are ranked highest, cost more. If you go to http://www.schoolmatters.com you will see how schools are rated.
If you want to persue this further, I am happy to help you.
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Danni DeWoody, , Drexel Hill, PA
Tue Jan 20, 2009
Hi - the homes themselves vary greatly by year built and style that was popular at the time. In terms of the homes themselves, I find the two areas to be similar price wise in may respects. Each area has older homes and newer homes. I find the homes in Villanova to be on larger plots of ground than the ones in the Wayne area for the mos part. The other answers are also correct in that school district does make a difference but I dont think you can go wrong with either area in the long run whether Radnor SD or T/E SD but Upper Merion SD is slightly inferior
Web Reference:  http://www.dannidewoody.com
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Pamela Schwa…, Agent, Rosemont, PA
Tue Dec 2, 2008
There is in general a significant housing price difference when comparing a property located in Radnor, Upper Merion Township, to Villanova, either Radnor Township or Lower Merion Township. The first, and primary, factor of differentiation is the school district. Lower Merion School District and Radnor School district are both two of the most highly rated school districts within the Main Line area, whereas Upper Merion School District is not rated or considered close to the same level as those others.

The good quality of the school districts and then the township themselves, directly related to the overall value of a home and its location.

When searching for a new home, please make sure your realtor informs you of the school district in your search because the town name and zip code can be the same, yet different school districts. For instance, a home could be located in Radnor, PA 19087 and be located in either Tredyffrin/Easttown school district (highest rated school district in the area and highest nationally ranked in the area), Radnor school district, or Upper Merion school district. There can be a couple hundred thousand dollar difference in a home that is located in Radnor versus Upper Merion.

The ratings that I reference came from Philadelphia Magazine and a study by U.S. News and World Report in 2008.
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Nick & Trudy…, Agent, Devon, PA
Tue Nov 25, 2008
The problem in this comparison is that from street to street prices can vary in Villanova big time even with similar houses. So you cannot give a ballpark % difference. Also the Radnor (Upper Merion) area varies depending on location and type of home. some Villanova addresses also fall into Radnor township which is different again. We have listed and sold homes in all these locations.
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