Doylestown, 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 Doylestown, Pennsylvania rental market.
Highlights
An apartment for rent in Doylestown, Pennsylvania typically goes for $2,138 per month, while a single-family home for rent in Doylestown, Pennsylvania has a monthly cost of around $3,356. Renter-occupied units make up 48% of the local housing market, while the rental vacancy rate in Doylestown, Pennsylvania is at 2.4.
Doylestown, Pennsylvania
Average Apartment Rent
$2,138
Y-o-Y Change in Average
Apartment Rent
5.7%
Average Single-Family Rent
$3,356
As of July 2024
Compared to a year ago, Doylestown, Pennsylvania apartments have recorded a 5.7% rent increase.
Doylestown, Pennsylvania |Average apartment rent trend
Doylestown, Pennsylvania| Average apartment rent
Doylestown, Pennsylvania | Apartment rent ranges
At 50.95%, apartments priced $1,500 - $2,000 represent the bulk of Doylestown, Pennsylvania rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 0.5%.
Doylestown, Pennsylvania | Housing tenure**
Renters take up 48% of Doylestown, Pennsylvania real estate, occupying a total of 1,914 units, while homeowners live in 2,075 properties.
Median number of rooms of renter-occupied housing units**
3.9
Renter median household income**
$59,808
Average household size of renter-occupied housing units**
1.56
Rental vacancy rate**
2.4%
Doylestown, Pennsylvania | Renter-occupied housing units by no. of bedrooms**
There are 873 rentals in Doylestown, Pennsylvania with 2 beds making up the highest share of the market, at 46%. Units with 4 beds, on the other hand, hold the lowest percentage (5%), amounting to 98 units. Overall, the median number of rooms in Doylestown, Pennsylvania homes for rent is 3.9.
Doylestown, Pennsylvania |Renter-occupied units by age of householder**
Most condos for rent in Doylestown, Pennsylvania are occupied by residents in the 45 - 54 years age group (18%), followed by those in the 85 years and over age group (15%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 3%.
Doylestown, Pennsylvania | Renter-occupied housing units by family type**
Doylestown, Pennsylvania | Renter-occupied housing units by the presence of own children**
A total of 723 apartments for rent in Doylestown, Pennsylvania, or 38% of all rentals are family households. Additionally, 22% of rental homes include children under the age of 18 – that’s 415 units. All in all, the median size of a renter-occupied household in Doylestown, Pennsylvania is 1.56.
Doylestown, Pennsylvania | Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 53% of the rental market. In contrast, residents with less than a high school degree reside in 2% of the homes for rent in Doylestown, Pennsylvania.
Doylestown, Pennsylvania | Renter-occupied units by year structure built**
The highest share of Doylestown, Pennsylvania apartment rentals, namely 33% or 628 units, were Built 1939 or earlier, followed by those Built 1970 - 1979 (18%, 347 units), and the ones Built 1960 - 1969 (18%, 346 units).
Doylestown, Pennsylvania | Renter-occupied units by year householder moved in**
Median year renter moved into unit2016
Most Doylestown, Pennsylvania renters (47%) moved in 2010 to 2017, while only 3% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Doylestown, Pennsylvania condos for rent is 2016.
Doylestown, Pennsylvania | Renter-occupied housing units by vehicles available**
When it comes to transportation options, 50% of Doylestown, Pennsylvania renters have 1 vehicle available per household, 27% of them have 2 vehicles available, and 19% have No vehicle available.
Doylestown, Pennsylvania | Means of transportation to work of householders living in renter-occupied housing units**
Doylestown, Pennsylvania |Geographical mobility in the past year for householders living in renter-occupied housing units**
Doylestown, 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 Doylestown, 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