Bensalem, PA—19020
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Bensalem, PA
As of Oct '25, the median home price in Bensalem, PA is $415,000, with a year-over-year change of 3.8%. This indicates that home prices in Bensalem, PA are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $415,000 | 3.8% |
| Single Family | $423,000 | 3.7% |
| Condos | $321,000 | 4.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $230,000 | 4.1% |
2 Bed | $349,000 | 3.9% |
3 Bed | $391,000 | 4.0% |
4 Bed | $539,000 | 4.9% |
| 5 Bed | $580,000 | 3.8% |
% of Housing Stock
Rental Trends — Bensalem, PA
As of July '25, Rentcast reports the average rent in Bensalem, PA is $2,000, with a year-over-year rent change of 2.0%. Per bedroom, the median rent as of July '25 in Bensalem, PA is studios: $2,010, 1-bedrooms: $1,470, 2-bedrooms: $1,890, 3-bedrooms: $2,840, 4-bedrooms: $3,070. The most common rental property sizes in Bensalem, PA are 2-bedroom and 1-bedroom, accounting for 44.3% and 39.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $2,000 |
| Studio Rent | $2,010 | $2,010 |
| 1 Bed Rent | $1,500 | $1,470 |
| 2 Bed Rent | $1,820 | $1,890 |
| 3 Bed Rent | $2,700 | $2,840 |
| 4 Bed Rent | $3,000 | $3,070 |
% of Rental Stock
Property Listings — Bensalem, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Bensalem, PA is 26. This is a increase of 22.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $461,000 | -1.0% |
Listing Count | 98 | 7.0% |
| Listings as % of Homes | 0.3% | 7.0% |
Days on Market | 26 | 22.0% |
Demographics — Bensalem, PA
As of the latest ACS Survey released in 2023, Bensalem, PA has a population of 57,100, which has increased by 4.1% over the past 5 years. Bensalem, PA is a moderately popular place for families, as children make up 18.6% of the population. The area has a moderately educated workforce, with 30.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 57,100 | 4.1% |
% Under 18 | 18.6% | -2.1% |
% Seniors | 18.2% | 13.7% |
% WFH | 12.3% | 310.0% |
% w/ College Degree | 30.5% | 5.2% |
As of the latest ACS Survey released in 2023, Bensalem, PA is a predominantly white area, with 63.3% of the population identifying as white. The white population has shrunk by 4.1% in the last 5 years. The second most common race or ethnicity in Bensalem, PA is hispanic, making up 13.4% of the population. Foreign-born residents account for 19.5% of the population in Bensalem, PA, and this percentage has increased by 1.0% 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 | 63.3% | -4.1% |
% Black | 7.0% | -16.7% |
% Hispanic | 13.4% | 31.4% |
% Asian | 13.3% | 7.3% |
% Foreign Born | 19.5% | 1.0% |
Mortgage and Risk — Bensalem, PA
According to HUD data as of 2023, there were 893 mortgage originations in Bensalem, PA, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Bensalem, PA. Investor activity is low, as 2.0% of loans were by investors. 20.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 893 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 20.0% |
Loan Activity
Rentals and Section 8 — Bensalem, PA
As of 2024, the percent of homes in Bensalem, PA under the Section 8 program is 13.1%. 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 Bensalem, PA, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,332 |
Total Units Section 8 | 1,277 |
% Rentals under Section 8 | 13.1% |
% Occupied Section 8 | 73.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $200 | $1,500 | $1,700 |
| 2 Bedroom | $200 | $1,820 | $2,020 |
| 3 Bedroom | -$270 | $2,700 | $2,430 |
| 4 Bedroom | -$230 | $3,000 | $2,770 |
Affordability — Bensalem, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.5 |
| Median Home Price | $415,000 |
| Median Household Income | $80,200 |