Devon, 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 Devon, Pennsylvania rental market.
Devon, Pennsylvania
Average Apartment Rent in April 2023
$1,943
Y-o-Y Change in Average
Apartment Rent
2.9%
Compared to a year ago, Devon, Pennsylvania apartments have recorded a 2.9% rent increase.
Devon, Pennsylvania |Average apartment rent trend
Devon, Pennsylvania| Average apartment rent
Devon, Pennsylvania | Apartment rent ranges
At 57.55%, apartments priced Over $2,000 represent the bulk of Devon, Pennsylvania rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 4.89%.
Devon, Pennsylvania | Housing tenure**
Renters take up 5% of Devon, Pennsylvania real estate, occupying a total of 36 units, while homeowners live in 628 properties.
Average household size of renter-occupied housing units**
2.53
Devon, Pennsylvania | Renter-occupied housing units by no. of bedrooms**
There are 18 rentals in Devon, Pennsylvania with 3 beds making up the highest share of the market, at 50%. Units with 2 beds, on the other hand, hold the lowest percentage (50, amounting to 18 units.
Devon, Pennsylvania |Renter-occupied units by age of householder**
Most condos for rent in Devon, Pennsylvania are occupied by residents in the 35 - 44 years age group (50%), while people in the 25 - 34 years age group make up the lowest share of the local rental market – 50%.
Devon, Pennsylvania | Renter-occupied housing units by family type**
Devon, Pennsylvania | Renter-occupied housing units by the presence of own children**
A total of 18 apartments for rent in Devon, Pennsylvania, or 50% of all rentals are family households. Additionally, 50% of rental homes include children under the age of 18 – that’s 18 units. All in all, the median size of a renter-occupied household in Devon, Pennsylvania is 2.53.
Devon, Pennsylvania | Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 50% of the rental market. In contrast, residents with less than a high school degree reside in 0% of the homes for rent in Devon, Pennsylvania.
Devon, Pennsylvania | Renter-occupied units by year structure built**
The highest share of Devon, Pennsylvania apartment rentals, namely 50% or 18 units, were Built 1950 - 1959, followed by those Built 1970 - 1979 (50%, 18 units).
Devon, Pennsylvania | Renter-occupied units by year householder moved in**
Devon, Pennsylvania | Renter-occupied housing units by vehicles available**
Devon, Pennsylvania | Means of transportation to work of householders living in renter-occupied housing units**
When it comes to transportation options, 50% of Devon, Pennsylvania renters have 2 or more vehicles available per household, while 50% of them have 1 vehicle available.
Devon, Pennsylvania |Geographical mobility in the past year for householders living in renter-occupied housing units**
Devon, 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 Devon, 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
