Devon, PA—19333
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Devon, PA
As of Oct '25, the median home price in Devon, PA is $813,000, with a year-over-year change of 6.2%. This indicates that home prices in Devon, PA are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $813,000 | 6.2% |
| Single Family | $1,008,000 | 6.9% |
| Condos | $293,000 | 9.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $260,000 | 9.7% |
2 Bed | $347,000 | 6.4% |
3 Bed | $694,000 | 6.1% |
4 Bed | $1,094,000 | 7.1% |
| 5 Bed | $1,675,000 | 6.0% |
% of Housing Stock
Rental Trends — Devon, PA
As of July '25, Rentcast reports the average rent in Devon, PA is $2,770, with a year-over-year rent change of 34.5%. Per bedroom, the median rent as of July '25 in Devon, PA is 1-bedrooms: $1,710, 2-bedrooms: $2,270, 3-bedrooms: $3,270, 4-bedrooms: $5,000. The most common rental property sizes in Devon, PA are 2-bedroom and 1-bedroom, accounting for 49.3% and 27.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,250 | $2,770 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,650 | $1,710 |
| 2 Bed Rent | $2,200 | $2,270 |
| 3 Bed Rent | $3,200 | $3,270 |
| 4 Bed Rent | $5,000 | $5,000 |
% of Rental Stock
Property Listings — Devon, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Devon, PA is 60. This is a increase of 67.0% 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 7.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,280,000 | 23.0% |
Listing Count | 30 | 58.0% |
| Listings as % of Homes | 0.3% | 58.0% |
Days on Market | 60 | 67.0% |
Demographics — Devon, PA
As of the latest ACS Survey released in 2023, Devon, PA has a population of 7,620, which has increased by 15.8% over the past 5 years. Devon, PA is a popular place for families, as children make up 25.4% of the population. The area has a highly educated workforce, with 82.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 25.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,620 | 15.8% |
% Under 18 | 25.4% | 8.1% |
% Seniors | 18.4% | 5.7% |
% WFH | 25.0% | 201.2% |
% w/ College Degree | 82.6% | 7.1% |
As of the latest ACS Survey released in 2023, Devon, PA is a predominantly white area, with 69.9% of the population identifying as white. The white population has shrunk by 7.4% in the last 5 years. The second most common race or ethnicity in Devon, PA is asian, making up 20.2% of the population. Foreign-born residents account for 18.6% of the population in Devon, PA, and this percentage has decreased by 10.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 69.9% | -7.4% |
% Black | 1.6% | -61.0% |
% Hispanic | 5.1% | 54.5% |
% Asian | 20.2% | 22.4% |
% Foreign Born | 18.6% | -10.1% |
Mortgage and Risk — Devon, PA
According to HUD data as of 2023, there were 125 mortgage originations in Devon, PA, of which 99.0% of loans were conventional mortgages. The average loan-to-value was 50.0%, with 6.0% above 90% LTV (normal). This implies small mortgage risk in Devon, PA. Investor activity is low, as 3.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 125 |
% Conventional Loans | 99.0% |
% Government Loans | 1.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Devon, PA
As of 2024, the percent of homes in Devon, 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 Devon, PA, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% 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 | $350 | $1,650 | $2,000 |
| 2 Bedroom | $180 | $2,200 | $2,380 |
| 3 Bedroom | -$330 | $3,200 | $2,870 |
| 4 Bedroom | -$1,740 | $5,000 | $3,260 |
Affordability — Devon, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $813,000 |
| Median Household Income | $157,000 |