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Summary of a Five Mile Radius
Within a five mile radius of Willow Grove there are over 88,000 households. Over 30% of those households have an income of higher than $100,000. The median household income is over $72,000. The median home value within a five mile radius is $258,160.
According to the 2005 Consumer Spending Potential Index, expenditures in all broad budget categories exceeded the national average. In the Apparel & Services budget category the Spending Potential Index is 39% higher than the national average. Household Furnishings and Equipment was 43% higher than the national average.
Full Report (pdf)
Market Segments Summary
Claritas characterizes the market in the Willow Grove zip code by these most common segments:
• Beltway Boomers
• Gray Power
• Home Sweet Home
• New Empty Nests
• Pools & Patios
According to ESRI Storetrax, the top 3 market segments within a five mile radius include Cozy and Comfortable; Retirement Communities; and Main Street USA.
Full Report (pdf)
Employment
Major employers in Montgomery County include Merck & Co., Lockheed Martin Corporation, Wyeth Pharmaceuticals, Smithkline Beecham Corporation, Quest Diagnostics, and Aetna Life Insurance Company. As of December 2006 the unemployment rate in the County was 3.7%, which is below the state rate of 4.6%.
Growth
In Montgomery County in 2005, 3,668 residential building permits were issued.
Full Report (pdf)
Top 10 Amenities of Willow Grove
1. SEPTA Train Station-12 miles to Center City Philadelphia
2. 1 mile to PA Turnpike and 1.5 hour drive to NYC
3. High Quality School District
4. Willow Grove Park Mall
5. New High Quality Grocery Store - Coming Soon
6. Memorial Park (24 acre park next to downtown)
7. Settlement Music School - Opening 2008
8. Fitness Club
9. Bookstore
10. Local Coffee Shop and Bakery
Top Reasons to Invest in Willow Grove
• Efficient and Courteous Township Government
• Recent and Ongoing Public Investments in Infrastructure
• Memorial Park Drive Construction
• Traffic Feasibility Study followed by a Streetscape Plan and investments
• Commitment of Commissioners to Support and Form Partnerships with Developers
• Market size
• Location
• New Construction underway near down town: Giant Foods and Settlement Music School
Town Center Zoning
Willow Grove has greatly improved its downtown zoning to allow for redevelopment. The new zoning allows 2 to 6 story development, mixed use buildings, and efficient parking. Provisions for gracious streetscaping, landscaping, and urban design are also included.
Town Center Zoning (pdf)
Traffic Pedestrian Study
The Township commissioned a Willow Grove Traffic and Pedestrian Feasibility Study in 2006 to examine the potential improvements to various intersections in downtown. As development occurs in downtown, these design plans will be considered to improve vehicular and pedestrian circulation.
Eminent Domain Policy
After much discussion related to the redevelopment process, the Upper Moreland Board of Commissioners felt it necessary to adopt an official policy on the use of eminent domain.
Read the Full Policy (pdf)
Property Information
Information about the properties within the Redevelopment Area
Business and Financial Incentives
Under construction
Available Property Listings - For Lease and Sale
Under construction