Wayne, PA 19087 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Wayne, PA—19087

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$839,000

6.9% YoY Growth

Household Income

$165,000

19.9% YoY Growth

Days on Market

11.0% Longer YoY

Home Price Forecast

1.5%

Median Rent

$2,400

6.8% YoY Growth

1-Bed Rent

$1,900

0.0% YoY Growth

2-Bed Rent

$2,250

3.5% YoY Growth

3-Bed Rent

$3,300

8.7% YoY Growth

Home Price Trends — Wayne, PA

As of May '26, the median home price in Wayne, PA is $839,000, with a year-over-year change of 6.9%. This indicates that home prices in Wayne, 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	$839,000	6.9%
Single Family	$925,000	7.4%
Condos	$353,000	3.2%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

0.7%

1 Bedroom

21.4%

2 Bedrooms

45.6%

3 Bedrooms

21.4%

4 Bedrooms

5.0%

5+ Bedrooms

6.1%

Property Listings — Wayne, PA

As of May '26, Realtor.com reports that the median days on market for a home in Wayne, PA is 29. This is a increase of 11.0% 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 12.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$840,000	-20.0%
Listing Count	129	10.0%
Listings as % of Homes	0.5%	10.0%
Days on Market	29	11.0%

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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%

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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%

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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%

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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

Wayne, PA—19087

Key Metrics at a Glance

Home Price Trends — Wayne, PA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Wayne, PA

% of Rental Stock

Property Listings — Wayne, PA

Demographics — Wayne, PA

Race and Ethnicity

Mortgage and Risk — Wayne, PA

Mortgages

Rentals and Section 8 — Wayne, PA

Section 8 Market Size

Section 8 Opportunity

Affordability — Wayne, PA

Home Price to Income Ratio

Wayne, PA — ZIP Code Boundary Map

Nearby ZIP Codes

Devon, PA

King of Prussia, PA

Villanova, PA

Berwyn, PA

Bridgeport, PA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.1
Median Home Price	$839,000
Median Household Income	$165,000

Wayne, PA—19087

Key Metrics at a Glance

Home Price Trends — Wayne, PA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Wayne, PA

% of Rental Stock

Property Listings — Wayne, PA

Demographics — Wayne, PA

Race and Ethnicity

Mortgage and Risk — Wayne, PA

Mortgages

Rentals and Section 8 — Wayne, PA

Section 8 Market Size

Section 8 Opportunity

Affordability — Wayne, PA

Home Price to Income Ratio

Wayne, PA — ZIP Code Boundary Map

Nearby ZIP Codes

Devon, PA

King of Prussia, PA

Villanova, PA

Berwyn, PA

Bridgeport, PA

Frequently Asked Questions

What is the average home price in Wayne, PA 19087?

How have home prices in Wayne, PA 19087 changed over the past year?

What is the home price projection for Wayne, PA 19087?

What are the demographics of Wayne, PA 19087?

How long does it take homes to sell in Wayne, PA 19087?

What is the average rent price in Wayne, PA 19087?