Upper Merion, PA is an affluent suburb of Philadelphia with a median housing value of $451,700. This is significantly higher than the national median of $338,100. Over a one year period, the appreciation rate for housing in Upper Merion was 11.84%, which is considerably higher than the US 1 year house appreciation rate of 8.27%. The high median housing value and strong house appreciation rate makes Upper Merion an attractive option for prospective home buyers looking for a safe investment and desirable living area.
The median home cost in Upper Merion is $451,700. Home appreciation the last 10 years has been 66.0%. Home Appreciation in Upper Merion is up 14.0%.
Average Age of Homes
- The median age of Upper Merion real estate is 47 years old
The Rental Market in Upper Merion
- Renters make up 31.8% of the Upper Merion population
- 4.3% of houses and apartments in Upper 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.