Cheltenham, PA—19012
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Cheltenham, PA
As of Oct '25, the median home price in Cheltenham, PA is $384,000, with a year-over-year change of 0.2%. This indicates that home prices in Cheltenham, PA are flat. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $384,000 | 0.2% |
| Single Family | $384,000 | -0.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $300,000 | -2.0% |
3 Bed | $362,000 | -0.3% |
4 Bed | $420,000 | 1.0% |
| 5 Bed | $458,000 | 1.6% |
% of Housing Stock
Rental Trends — Cheltenham, PA
As of July '25, Rentcast reports the average rent in Cheltenham, PA is $2,660, with a year-over-year rent change of 3.5%. Per bedroom, the median rent as of July '25 in Cheltenham, PA is 1-bedrooms: $1,150, 2-bedrooms: $1,800, 3-bedrooms: $2,780, 4-bedrooms: $2,500. The most common rental property sizes in Cheltenham, PA are 2-bedroom and 1-bedroom, accounting for 51.7% and 38.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,400 | $2,660 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,050 | $1,150 |
| 2 Bed Rent | $1,800 | $1,800 |
| 3 Bed Rent | $2,400 | $2,780 |
| 4 Bed Rent | $2,500 | $2,500 |
% of Rental Stock
Property Listings — Cheltenham, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Cheltenham, PA is 55. This is a decrease of -4.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $485,000 | 25.0% |
Listing Count | 17 | -56.0% |
| Listings as % of Homes | 1.0% | -56.0% |
Days on Market | 55 | -4.0% |
Demographics — Cheltenham, PA
As of the latest ACS Survey released in 2023, Cheltenham, PA has a population of 6,790, which has increased by 1.3% over the past 5 years. Cheltenham, PA is a moderately popular place for families, as children make up 19.2% of the population. The area has a moderately educated workforce, with 42.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,790 | 1.3% |
% Under 18 | 19.2% | -23.2% |
% Seniors | 18.6% | 39.8% |
% WFH | 19.3% | 286.0% |
% w/ College Degree | 42.9% | -14.2% |
As of the latest ACS Survey released in 2023, Cheltenham, PA is a predominantly white area, with 39.5% of the population identifying as white. The white population has shrunk by 19.9% in the last 5 years. The second most common race or ethnicity in Cheltenham, PA is black, making up 35.6% of the population. Foreign-born residents account for 19.3% of the population in Cheltenham, PA, and this percentage has increased by 26.1% 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 | 39.5% | -19.9% |
% Black | 35.6% | 11.2% |
% Hispanic | 7.5% | 10.3% |
% Asian | 15.0% | 50.0% |
% Foreign Born | 19.3% | 26.1% |
Mortgage and Risk — Cheltenham, PA
According to HUD data as of 2023, there were 221 mortgage originations in Cheltenham, PA, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Cheltenham, PA. Investor activity is low, as 1.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 221 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Cheltenham, PA
As of 2024, the percent of homes in Cheltenham, PA under the Section 8 program is 4.2%. 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 units appear to be good home sizes to consider for Section 8 housing in Cheltenham, PA, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 16 |
Total Units Section 8 | 16 |
% Rentals under Section 8 | 4.2% |
% Occupied Section 8 | 67.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $240 | $1,050 | $1,290 |
| 2 Bedroom | -$260 | $1,800 | $1,540 |
| 3 Bedroom | -$540 | $2,400 | $1,860 |
| 4 Bedroom | -$390 | $2,500 | $2,110 |
Affordability — Cheltenham, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $384,000 |
| Median Household Income | $118,000 |