Colonial Park, 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 Colonial Park, Pennsylvania rental market.
Colonial Park, Pennsylvania
Average Apartment Rent
$1,374
Y-o-Y Change in Average
Apartment Rent
0.7%
As of March 2026
Compared to a year ago, Colonial Park, Pennsylvania apartments have recorded a 0.7% rent increase.
Colonial Park, Pennsylvania Average apartment rent trend
Colonial Park, Pennsylvania Average Apartment Rent
Colonial Park, Pennsylvania Apartment rent ranges
At 74.26%, apartments priced $1,000 - $1,500 represent the bulk of Colonial Park, Pennsylvania rentals, while condos priced $2,000 - $2,500 hold the lowest share of the market – 0.12%.
Colonial Park, Pennsylvania Housing tenure**
Renters take up 49% of Colonial Park, Pennsylvania real estate, occupying a total of 3,338 units, while homeowners live in 3,408 properties.
Median number of rooms of renter-occupied housing units**
4.1
Renter median household income**
$46,063
Average household size of renter-occupied housing units**
2.35
Rental vacancy rate**
4.9%
Colonial Park, Pennsylvania Renter-occupied housing units by no. of bedrooms**
There are 1,681 rentals in Colonial Park, Pennsylvania with 2 beds making up the highest share of the market, at 50%. Units with 4 beds, on the other hand, hold the lowest percentage (1%), amounting to 37 units. Overall, the median number of rooms in Colonial Park, Pennsylvania homes for rent is 4.1.
Colonial Park, Pennsylvania Renter-occupied units by age of householder**
Most condos for rent in Colonial Park, Pennsylvania are occupied by residents in the 25 - 34 years age group (26%), followed by those in the 35 - 44 years age group (22%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 2%.
Colonial Park, Pennsylvania Renter-occupied housing units by family type**
Colonial Park, Pennsylvania Renter-occupied housing units by the presence of own children**
A total of 1,642 apartments for rent in Colonial Park, Pennsylvania, or 49% of all rentals are family households. Additionally, 33% of rental homes include children under the age of 18 – that’s 1,085 units. All in all, the median size of a renter-occupied household in Colonial Park, Pennsylvania is 2.35.
Colonial Park, Pennsylvania Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 22% of the rental market. In contrast, residents with less than a high school degree reside in 6% of the homes for rent in Colonial Park, Pennsylvania.
Colonial Park, Pennsylvania Renter-occupied units by year structure built**
The highest share of Colonial Park, Pennsylvania apartment rentals, namely 33% or 1,098 units, were Built 1970 - 1979, followed by those Built 1960 - 1969 (17%, 568 units), and the ones Built 1990 - 1999 (13%, 420 units).
Colonial Park, Pennsylvania Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Colonial Park, Pennsylvania renters (40%) moved in 2010 to 2017, while only 3% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Colonial Park, Pennsylvania condos for rent is 2018.
Colonial Park, Pennsylvania Renter-occupied housing units by vehicles available**
When it comes to transportation options, 51% of Colonial Park, Pennsylvania renters have 1 vehicle available per household, 26% of them have 2 vehicles available, and 13% have No vehicle available.
Colonial Park, Pennsylvania Means of transportation to work of householders living in renter-occupied housing units**
Colonial Park, Pennsylvania Geographical mobility in the past year for householders living in renter-occupied housing units**
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 Colonial Park, 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, 2022 American Community Survey 5-Year Estimates
