Kennett Square, PA—19348
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Kennett Square, PA
As of Oct '25, the median home price in Kennett Square, PA is $605,000, with a year-over-year change of 3.5%. This indicates that home prices in Kennett Square, PA are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $605,000 | 3.5% |
| Single Family | $615,000 | 3.2% |
| Condos | $347,000 | 2.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $360,000 | 3.7% |
3 Bed | $505,000 | 2.4% |
4 Bed | $750,000 | 4.0% |
| 5 Bed | $1,083,000 | 4.5% |
% of Housing Stock
Rental Trends — Kennett Square, PA
As of July '25, Rentcast reports the average rent in Kennett Square, PA is $2,560, with a year-over-year rent change of 10.8%. Per bedroom, the median rent as of July '25 in Kennett Square, PA is 1-bedrooms: $1,680, 2-bedrooms: $2,040, 3-bedrooms: $2,980, 4-bedrooms: $3,160. The most common rental property sizes in Kennett Square, PA are 2-bedroom and 1-bedroom, accounting for 46.6% and 23.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,560 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,700 | $1,680 |
| 2 Bed Rent | $1,950 | $2,040 |
| 3 Bed Rent | $2,950 | $2,980 |
| 4 Bed Rent | $3,500 | $3,160 |
% of Rental Stock
Property Listings — Kennett Square, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Kennett Square, PA is 32. This is a decrease of -16.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $606,000 | -16.0% |
Listing Count | 100 | 34.0% |
| Listings as % of Homes | 0.7% | 34.0% |
Days on Market | 32 | -16.0% |
Demographics — Kennett Square, PA
As of the latest ACS Survey released in 2023, Kennett Square, PA has a population of 23,400, which has remained stable by -0.4% over the past 5 years. Kennett Square, PA is a moderately popular place for families, as children make up 21.8% of the population. The area has a highly educated workforce, with 57.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,400 | -0.4% |
% Under 18 | 21.8% | -3.1% |
% Seniors | 22.8% | 31.8% |
% WFH | 18.3% | 181.5% |
% w/ College Degree | 57.2% | 8.1% |
As of the latest ACS Survey released in 2023, Kennett Square, PA is a predominantly white area, with 74.1% of the population identifying as white. The white population has grown by 6.6% in the last 5 years. The second most common race or ethnicity in Kennett Square, PA is hispanic, making up 17.5% of the population. Foreign-born residents account for 13.4% of the population in Kennett Square, PA, and this percentage has decreased by 28.3% 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 | 74.1% | 6.6% |
% Black | 1.9% | -53.7% |
% Hispanic | 17.5% | -18.6% |
% Asian | 2.1% | -47.5% |
% Foreign Born | 13.4% | -28.3% |
Mortgage and Risk — Kennett Square, PA
According to HUD data as of 2023, there were 495 mortgage originations in Kennett Square, PA, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 10.0% above 90% LTV (elevated). This implies medium mortgage risk in Kennett Square, PA. Investor activity is low, as 2.0% 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 | 495 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Kennett Square, PA
As of 2024, the percent of homes in Kennett Square, PA under the Section 8 program is 3.7%. 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. In Kennett Square, PA, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 82 |
Total Units Section 8 | 82 |
% Rentals under Section 8 | 3.7% |
% Occupied Section 8 | 76.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$320 | $1,700 | $1,380 |
| 2 Bedroom | -$300 | $1,950 | $1,650 |
| 3 Bedroom | -$960 | $2,950 | $1,990 |
| 4 Bedroom | -$1,240 | $3,500 | $2,260 |
Affordability — Kennett Square, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.6 |
| Median Home Price | $605,000 |
| Median Household Income | $118,000 |