Cheltenham, PA 19012 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Cheltenham, PA—19012

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$385,000

0.0% YoY Growth

Household Income

$118,000

24.4% YoY Growth

Days on Market

1.0% Longer YoY

Home Price Forecast

1.8%

Median Rent

$2,400

3.5% YoY Growth

1-Bed Rent

$1,050

33.7% YoY Growth

2-Bed Rent

$1,800

28.0% YoY Growth

3-Bed Rent

$2,400

23.8% YoY Growth

Home Price Trends — Cheltenham, PA

As of Dec '25, the median home price in Cheltenham, PA is $385,000, with a year-over-year change of 0.0%. This indicates that home prices in Cheltenham, PA are flat. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$385,000	0.0%
Single Family	$385,000	-0.3%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

1 Bedroom

38.3%

2 Bedrooms

51.7%

3 Bedrooms

5.3%

4 Bedrooms

3.6%

5+ Bedrooms

1.1%

Property Listings — Cheltenham, PA

As of Dec '25, Realtor.com reports that the median days on market for a home in Cheltenham, PA is 28. This is a increase 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 42.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$479,000	22.0%
Listing Count	18	-54.0%
Listings as % of Homes	1.0%	-54.0%
Days on Market	54	1.0%

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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%

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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%

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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%

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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

Cheltenham, PA—19012

Key Metrics at a Glance

Home Price Trends — Cheltenham, PA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Cheltenham, PA

% of Rental Stock

Property Listings — Cheltenham, PA

Demographics — Cheltenham, PA

Race and Ethnicity

Mortgage and Risk — Cheltenham, PA

Mortgages

Rentals and Section 8 — Cheltenham, PA

Section 8 Market Size

Section 8 Opportunity

Affordability — Cheltenham, PA

Home Price to Income Ratio

Cheltenham, PA — ZIP Code Boundary Map

Nearby ZIP Codes

Elkins Park, PA

Fox Chase, Philadelphia, PA

Olney, Philadelphia, PA

Oak Lane, Philadelphia, PA

Jenkintown, PA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3
Median Home Price	$385,000
Median Household Income	$118,000

Cheltenham, PA—19012

Key Metrics at a Glance

Home Price Trends — Cheltenham, PA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Cheltenham, PA

% of Rental Stock

Property Listings — Cheltenham, PA

Demographics — Cheltenham, PA

Race and Ethnicity

Mortgage and Risk — Cheltenham, PA

Mortgages

Rentals and Section 8 — Cheltenham, PA

Section 8 Market Size

Section 8 Opportunity

Affordability — Cheltenham, PA

Home Price to Income Ratio

Cheltenham, PA — ZIP Code Boundary Map

Nearby ZIP Codes

Elkins Park, PA

Fox Chase, Philadelphia, PA

Olney, Philadelphia, PA

Oak Lane, Philadelphia, PA

Jenkintown, PA

Frequently Asked Questions

What is the average home price in Cheltenham, PA 19012?

How have home prices in Cheltenham, PA 19012 changed over the past year?

What is the home price projection for Cheltenham, PA 19012?

What are the demographics of Cheltenham, PA 19012?

How long does it take homes to sell in Cheltenham, PA 19012?

What is the average rent price in Cheltenham, PA 19012?