Drexel Hill, Pennsylvania Housing Market Prices
Drexel Hill Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 44% above the Pennsylvania median$219,389
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Median rent 12% above the Pennsylvania median$1,351
Housing Market Overview
| Metric | Drexel Hill | Pennsylvania Avg | US Average |
|---|---|---|---|
| Median Home Price | $219,389 | $152,469 | $248,835 |
| Price Trend (Annual %) | 7.7% | 3.7% | 7.5% |
| Median Gross Rent | $1,351 | $1,208 | $1,407 |
| Rent Trend (Annual %) | 4.0% | 4.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Drexel Hill is about 44% higher than in Pennsylvania. Rent is about 12% higher than the Pennsylvania average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Drexel Hill, up about 7.7% and 4.0% a year respectively. Home prices are changing faster.
Median rent in Drexel Hill rose about 41.9% between 2015 and 2024, from $953 to $1,351. Over the same span, rent in Pennsylvania rose about 43.9%.
Affordability
On average, housing unit costs 2.6 yearly household incomes in Drexel Hill.
Buying the median-priced home in Drexel Hill costs roughly 13.5 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Drexel Hill. The price-to-rent ratio in Pennsylvania is about 10.5.
| Metric | Drexel Hill | Pennsylvania Avg | US Average |
|---|---|---|---|
| Median Home Price | $219,389 | $152,469 | $248,835 |
| Median Household Income | $85,403 | $78,249 | $80,455 |
| Price-to-Income Ratio | 2.6 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Drexel Hill rose about 146.2%, while median household income rose about 25.2% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Drexel Hill | Pennsylvania Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 60.2% | 63.0% | 58.5% |
| Rental Rate | 34.6% | 27.9% | 31.2% |
| Vacancy Rate | 5.2% | 9.1% | 10.2% |
| Median Tenure (years) | 14.0 | 17.0 | 15.0 |
| Median Year Moved In | 2012 | 2009 | 2011 |
Drexel Hill has a homeownership rate of 60.2%, lower than the Pennsylvania average of 63.0%. Its housing vacancy rate is 5.2%, compared with 9.1% in Pennsylvania.
Housing Stock
| Metric | Drexel Hill | Pennsylvania Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.50 people | 2.39 people | 2.53 people |
| Median Structure Built Year | 1949 | 1966 | 1978 |
| Median Number of Rooms | 6.2 | 6.0 | 5.5 |
The typical housing unit in Drexel Hill was built around 1949. On average, 2.5 people live in a home with about 6.2 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Drexel Hill, Pennsylvania.
What is the median home price in Drexel Hill, Pennsylvania?
The median home price in Drexel Hill, Pennsylvania is $219,389, higher than the Pennsylvania average of $152,469.
What is the average home price in Drexel Hill, Pennsylvania?
The typical home price in Drexel Hill, Pennsylvania, reported as the median sale price, is $219,389. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Drexel Hill, Pennsylvania?
The median gross rent in Drexel Hill, Pennsylvania is $1,351 per month, higher than the Pennsylvania average of $1,208.
What was the median gross rent in Drexel Hill in 2020?
In 2020, the median gross rent in Drexel Hill, Pennsylvania was $1,089 per month.
What is the price-to-rent ratio in Drexel Hill, Pennsylvania?
The price-to-rent ratio in Drexel Hill, Pennsylvania is about 13.5, meaning it would take roughly 13.5 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Drexel Hill.
Are home prices or rent rising faster in Drexel Hill, Pennsylvania?
Both home prices and rent are rising in Drexel Hill, up about 7.7% and 4.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Drexel Hill, Pennsylvania?
60.2% of households in Drexel Hill, Pennsylvania own their home, lower than the Pennsylvania average of 63.0%.
What is the vacancy rate in Drexel Hill, Pennsylvania?
The housing vacancy rate in Drexel Hill, Pennsylvania is 5.2%, lower than the Pennsylvania average of 9.1%.
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