King of Prussia, PA—19406
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — King of Prussia, PA
As of Oct '25, the median home price in King of Prussia, PA is $475,000, with a year-over-year change of 3.2%. This indicates that home prices in King of Prussia, 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 | $475,000 | 3.2% |
| Single Family | $490,000 | 3.4% |
| Condos | $353,000 | 1.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $250,000 | 1.6% |
2 Bed | $339,000 | 2.4% |
3 Bed | $458,000 | 2.7% |
4 Bed | $553,000 | 4.5% |
| 5 Bed | $662,000 | 5.6% |
% of Housing Stock
Rental Trends — King of Prussia, PA
As of July '25, Rentcast reports the average rent in King of Prussia, PA is $2,210, with a year-over-year rent change of -3.5%. Per bedroom, the median rent as of July '25 in King of Prussia, PA is studios: $1,670, 1-bedrooms: $1,600, 2-bedrooms: $2,050, 3-bedrooms: $3,180, 4-bedrooms: $3,490. The most common rental property sizes in King of Prussia, PA are 1-bedroom and 2-bedroom, accounting for 47.6% and 31.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,910 | $2,210 |
| Studio Rent | $1,720 | $1,670 |
| 1 Bed Rent | $1,550 | $1,600 |
| 2 Bed Rent | $1,950 | $2,050 |
| 3 Bed Rent | $3,000 | $3,180 |
| 4 Bed Rent | $3,200 | $3,490 |
% of Rental Stock
Property Listings — King of Prussia, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in King of Prussia, PA is 32. This is a decrease of -6.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $595,000 | -15.0% |
Listing Count | 64 | -16.0% |
| Listings as % of Homes | 0.4% | -16.0% |
Days on Market | 32 | -6.0% |
Demographics — King of Prussia, PA
As of the latest ACS Survey released in 2023, King of Prussia, PA has a population of 29,400, which has increased by 21.5% over the past 5 years. King of Prussia, PA is a moderately popular place for families, as children make up 17.6% of the population. The area has a highly educated workforce, with 62.0% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 25.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 29,400 | 21.5% |
% Under 18 | 17.6% | -9.7% |
% Seniors | 15.9% | -5.4% |
% WFH | 25.8% | 416.0% |
% w/ College Degree | 62.0% | 5.3% |
As of the latest ACS Survey released in 2023, King of Prussia, PA is a predominantly white area, with 65.4% of the population identifying as white. The white population has shrunk by 0.6% in the last 5 years. The second most common race or ethnicity in King of Prussia, PA is asian, making up 19.9% of the population. Foreign-born residents account for 22.2% of the population in King of Prussia, PA, and this percentage has decreased by 4.3% 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 | 65.4% | -0.6% |
% Black | 7.8% | 36.8% |
% Hispanic | 3.8% | -17.4% |
% Asian | 19.9% | -5.7% |
% Foreign Born | 22.2% | -4.3% |
Mortgage and Risk — King of Prussia, PA
According to HUD data as of 2023, there were 391 mortgage originations in King of Prussia, PA, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in King of Prussia, PA. Investor activity is low, as 2.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 391 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — King of Prussia, PA
As of 2024, the percent of homes in King of Prussia, PA under the Section 8 program is 0.4%. 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 and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in King of Prussia, PA, because HUD payments exceed market rent, while 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 37 |
Total Units Section 8 | 36 |
% Rentals under Section 8 | 0.4% |
% Occupied Section 8 | 67.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $480 | $1,550 | $2,030 |
| 2 Bedroom | $470 | $1,950 | $2,420 |
| 3 Bedroom | -$80 | $3,000 | $2,920 |
| 4 Bedroom | $110 | $3,200 | $3,310 |
Affordability — King of Prussia, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $475,000 |
| Median Household Income | $110,000 |