Devon—11930
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Devon
As of Oct '25, the median home price in Devon is $3,321,000, with a year-over-year change of -2.4%. This indicates that home prices in Devon are decreasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $3,321,000 | -2.4% |
| Single Family | $3,417,000 | -3.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Devon
As of July '25, Rentcast reports the average rent in Devon is $8,750, with a year-over-year rent change of 21.4%. Per bedroom, the median rent as of July '25 in Devon is 4-bedrooms: $8,830. The most common rental property sizes in Devon are 3-bedroom and 4-bedroom, accounting for 75.5% and 24.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $8,500 | $8,750 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $9,500 | $8,830 |
% of Rental Stock
Property Listings — Devon
As of Oct '25, Realtor.com reports that the median days on market for a home in Devon is 97. This is a decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 7.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $3,740,000 | -7.0% |
Listing Count | 59 | -15.0% |
| Listings as % of Homes | 2.2% | -15.0% |
Days on Market | 97 | -1.0% |
Demographics — Devon
As of the latest ACS Survey released in 2023, Devon has a population of 689, which has decreased by -22.8% over the past 5 years. Devon is a moderately popular place for families, as children make up 16.0% of the population. The area has a highly educated workforce, with 62.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 0.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 689 | -22.8% |
% Under 18 | 16.0% | 73.9% |
% Seniors | 37.7% | -9.2% |
% WFH | 0.4% | -97.0% |
% w/ College Degree | 62.3% | 37.8% |
As of the latest ACS Survey released in 2023, Devon is a predominantly white area, with 84.2% of the population identifying as white. The white population has shrunk by 7.1% in the last 5 years. The second most common race or ethnicity in Devon is hispanic, making up 10.0% of the population. Foreign-born residents account for 12.5% of the population in Devon, and this percentage has decreased by 6.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 84.2% | -7.1% |
% Black | 0.3% | -66.7% |
% Hispanic | 10.0% | 25.0% |
% Asian | 0.0% | N/A |
% Foreign Born | 12.5% | -6.0% |
Mortgage and Risk — Devon
According to HUD data as of 2023, there were 43 mortgage originations in Devon, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 40.0%, with 0.0% above 90% LTV (normal). This implies small mortgage risk in Devon. Investor activity is low, as 0.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 43 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 0.0% |
% Second Loans | 56.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Devon
Devon lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 53 |
Total Units Section 8 | 13 |
% Rentals under Section 8 | 26.5% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $2,780 |
| 2 Bedroom | N/A | N/A | $3,220 |
| 3 Bedroom | N/A | N/A | $4,170 |
| 4 Bedroom | -$5,030 | $9,500 | $4,470 |
Affordability — Devon
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 26.4 |
| Median Home Price | $3,321,000 |
| Median Household Income | $133,000 |