Berwyn, Pennsylvania Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Berwyn, Pennsylvania rental market.
Berwyn, Pennsylvania
Average Apartment Rent in August 2022
$1,838
Y-o-Y Change in Average
Apartment Rent
3.8%
Compared to a year ago, Berwyn, Pennsylvania apartments have recorded a 3.8% rent increase.
Berwyn, Pennsylvania |Average apartment rent trend
Berwyn, Pennsylvania| Average apartment rent
Berwyn, Pennsylvania | Apartment rent ranges
At 55%, apartments priced $1,500 - $2,000 represent the bulk of Berwyn, Pennsylvania rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 11.67%.
Berwyn, Pennsylvania | Housing tenure**
Renters take up 36% of Berwyn, Pennsylvania real estate, occupying a total of 513 units, while homeowners live in 900 properties.
Median number of rooms of renter-occupied housing units**
3.9
Renter median household income**
$65,220
Average household size of renter-occupied housing units**
1.69
Berwyn, Pennsylvania | Renter-occupied housing units by no. of bedrooms**
There are 241 rentals in Berwyn, Pennsylvania with 2 beds making up the highest share of the market, at 47%. Units with No bedrooms, on the other hand, hold the lowest percentage (9%), amounting to 44 units. Overall, the median number of rooms in Berwyn, Pennsylvania homes for rent is 3.9.
Berwyn, Pennsylvania |Renter-occupied units by age of householder**
Most condos for rent in Berwyn, Pennsylvania are occupied by residents in the 75 - 84 years age group (29%), followed by those in the 45 - 54 years age group (24%). At the same time, people in the 35 - 44 years age group make up the lowest share of the local rental market – 3%.
Berwyn, Pennsylvania | Renter-occupied housing units by family type**
Berwyn, Pennsylvania | Renter-occupied housing units by the presence of own children**
A total of 318 apartments for rent in Berwyn, Pennsylvania, or 62% of all rentals are family households. Additionally, 21% of rental homes include children under the age of 18 – that’s 108 units. All in all, the median size of a renter-occupied household in Berwyn, Pennsylvania is 1.69.
Berwyn, Pennsylvania | Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 61% of the rental market. In contrast, residents with less than a high school degree reside in 14% of the homes for rent in Berwyn, Pennsylvania.
Berwyn, Pennsylvania | Renter-occupied units by year structure built**
The highest share of Berwyn, Pennsylvania apartment rentals, namely 32% or 162 units, were Built 1960 - 1969, followed by those Built 1950 - 1959 (31%, 158 units), and the ones Built 1970 - 1979 (20%, 104 units).
Berwyn, Pennsylvania | Renter-occupied units by year householder moved in**
Median year renter moved into unit2014
Most Berwyn, Pennsylvania renters (45%) moved in 2015 to 2016, while only 4% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Berwyn, Pennsylvania condos for rent is 2014.
Berwyn, Pennsylvania | Renter-occupied housing units by vehicles available**
When it comes to transportation options, 37% of Berwyn, Pennsylvania renters have No vehicle available per household, 35% of them have 1 vehicle available, and 24% have 2 vehicles available.
Berwyn, Pennsylvania | Means of transportation to work of householders living in renter-occupied housing units**
Berwyn, Pennsylvania |Geographical mobility in the past year for householders living in renter-occupied housing units**
Berwyn, Pennsylvania | Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Berwyn, Pennsylvania apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2020 American Community Survey 5-Year Estimates
