Lower Merion, PA has an impressive housing median value of $827,000, which is more than double the US house median value of $338,100. In addition to this, houses in Lower Merion have experienced an impressive 1 year appreciation rate of 11.01%, much higher than the 8.27% growth rate experienced nationally. This indicates that Lower Merion is an attractive destination for those looking to invest in property and enjoy a healthy appreciation on their investments.
The median home cost in Lower Merion is $827,000. Home appreciation the last 10 years has been 64.0%. Home Appreciation in Lower Merion is up 12.4%.
Average Age of Homes
- The median age of Lower Merion real estate is 65 years old
The Rental Market in Lower Merion
- Renters make up 22.0% of the Lower Merion population
- 0.9% of houses and apartments in Lower Merion, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.