Broomall, PA—19008
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Broomall, PA
As of Oct '25, the median home price in Broomall, PA is $564,000, with a year-over-year change of 2.6%. This indicates that home prices in Broomall, PA are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $564,000 | 2.6% |
| Single Family | $566,000 | 2.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $396,000 | 3.9% |
3 Bed | $519,000 | 2.4% |
4 Bed | $684,000 | 4.3% |
| 5 Bed | $760,000 | 3.3% |
% of Housing Stock
Rental Trends — Broomall, PA
As of July '25, Rentcast reports the average rent in Broomall, PA is $2,520, with a year-over-year rent change of 5.4%. Per bedroom, the median rent as of July '25 in Broomall, PA is 1-bedrooms: $1,120, 2-bedrooms: $1,690, 3-bedrooms: $2,980, 4-bedrooms: $4,000. The most common rental property sizes in Broomall, PA are 2-bedroom and 1-bedroom, accounting for 61.8% and 19.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,650 | $2,520 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,100 | $1,120 |
| 2 Bed Rent | $1,680 | $1,690 |
| 3 Bed Rent | $3,000 | $2,980 |
| 4 Bed Rent | $2,800 | $4,000 |
% of Rental Stock
Property Listings — Broomall, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Broomall, PA is 26. This is a increase of 2.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $595,000 | -23.0% |
Listing Count | 62 | 10.0% |
| Listings as % of Homes | 0.3% | 10.0% |
Days on Market | 26 | 2.0% |
Demographics — Broomall, PA
As of the latest ACS Survey released in 2023, Broomall, PA has a population of 20,200, which has decreased by -2.9% over the past 5 years. Broomall, PA is a moderately popular place for families, as children make up 21.8% of the population. The area has a highly educated workforce, with 50.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 20,200 | -2.9% |
% Under 18 | 21.8% | 8.5% |
% Seniors | 22.9% | 9.0% |
% WFH | 17.2% | 273.9% |
% w/ College Degree | 50.6% | 18.5% |
As of the latest ACS Survey released in 2023, Broomall, PA is a predominantly white area, with 81.7% of the population identifying as white. The white population has shrunk by 4.1% in the last 5 years. The second most common race or ethnicity in Broomall, PA is asian, making up 13.1% of the population. Foreign-born residents account for 12.7% of the population in Broomall, PA, and this percentage has increased by 11.4% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 81.7% | -4.1% |
% Black | 0.7% | -75.0% |
% Hispanic | 2.0% | 42.9% |
% Asian | 13.1% | 48.9% |
% Foreign Born | 12.7% | 11.4% |
Mortgage and Risk — Broomall, PA
According to HUD data as of 2023, there were 375 mortgage originations in Broomall, PA, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 47.0%, with 9.0% above 90% LTV (normal). This implies small mortgage risk in Broomall, PA. Investor activity is low, as 1.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 375 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Broomall, PA
As of 2024, the percent of homes in Broomall, PA under the Section 8 program is 1.2%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Broomall, PA, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 13 |
Total Units Section 8 | 13 |
% Rentals under Section 8 | 1.3% |
% Occupied Section 8 | 77.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $600 | $1,100 | $1,700 |
| 2 Bedroom | $350 | $1,680 | $2,030 |
| 3 Bedroom | -$550 | $3,000 | $2,450 |
| 4 Bedroom | -$20 | $2,800 | $2,780 |
Affordability — Broomall, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $564,000 |
| Median Household Income | $128,000 |