Wayne, PA—19087
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Wayne, PA
As of Oct '25, the median home price in Wayne, PA is $801,000, with a year-over-year change of 7.0%. This indicates that home prices in Wayne, PA are increasing. 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 | $801,000 | 7.0% |
| Single Family | $880,000 | 7.8% |
| Condos | $353,000 | 5.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $236,000 | 4.4% |
2 Bed | $387,000 | 4.3% |
3 Bed | $637,000 | 5.3% |
4 Bed | $977,000 | 8.4% |
| 5 Bed | $1,527,000 | 8.5% |
% of Housing Stock
Rental Trends — Wayne, PA
As of July '25, Rentcast reports the average rent in Wayne, PA is $2,820, with a year-over-year rent change of 6.8%. Per bedroom, the median rent as of July '25 in Wayne, PA is 1-bedrooms: $1,880, 2-bedrooms: $2,350, 3-bedrooms: $3,340, 4-bedrooms: $4,580. The most common rental property sizes in Wayne, PA are 2-bedroom and 1-bedroom, accounting for 45.6% and 21.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,400 | $2,820 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,900 | $1,880 |
| 2 Bed Rent | $2,250 | $2,350 |
| 3 Bed Rent | $3,300 | $3,340 |
| 4 Bed Rent | $4,000 | $4,580 |
% of Rental Stock
Property Listings — Wayne, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Wayne, PA is 28. This is a decrease of -29.0% 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 12.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $909,000 | -9.0% |
Listing Count | 82 | -23.0% |
| Listings as % of Homes | 0.5% | -23.0% |
Days on Market | 28 | -29.0% |
Demographics — Wayne, PA
As of the latest ACS Survey released in 2023, Wayne, PA has a population of 33,800, which has increased by 2.5% over the past 5 years. Wayne, PA is a moderately popular place for families, as children make up 22.5% of the population. The area has a highly educated workforce, with 78.1% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 26.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 33,800 | 2.5% |
% Under 18 | 22.5% | -2.2% |
% Seniors | 15.7% | -2.5% |
% WFH | 26.4% | 127.6% |
% w/ College Degree | 78.1% | 1.8% |
As of the latest ACS Survey released in 2023, Wayne, PA is a predominantly white area, with 73.2% of the population identifying as white. The white population has shrunk by 8.0% in the last 5 years. The second most common race or ethnicity in Wayne, PA is asian, making up 12.2% of the population. Foreign-born residents account for 18.8% of the population in Wayne, PA, and this percentage has increased by 37.2% 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 | 73.2% | -8.0% |
% Black | 4.0% | -16.7% |
% Hispanic | 5.5% | 25.0% |
% Asian | 12.2% | 28.4% |
% Foreign Born | 18.8% | 37.2% |
Mortgage and Risk — Wayne, PA
According to HUD data as of 2023, there were 575 mortgage originations in Wayne, PA, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 9.0% above 90% LTV (normal). This implies small mortgage risk in Wayne, PA. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 575 |
% Conventional Loans | 97.0% |
% Government Loans | 3.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Wayne, PA
As of 2024, the percent of homes in Wayne, PA under the Section 8 program is 0.1%. 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 Wayne, PA, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 58 |
Total Units Section 8 | 8 |
% Rentals under Section 8 | 0.1% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $230 | $1,900 | $2,130 |
| 2 Bedroom | $290 | $2,250 | $2,540 |
| 3 Bedroom | -$240 | $3,300 | $3,060 |
| 4 Bedroom | -$520 | $4,000 | $3,480 |
Affordability — Wayne, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $801,000 |
| Median Household Income | $165,000 |