King of Prussia, Pennsylvania Housing Market Prices
King of Prussia 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 48% above the Pennsylvania median$225,450
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Median rent 71% above the Pennsylvania median$2,070
Housing Market Overview
| Metric | King of Prussia | Pennsylvania Avg | US Average |
|---|---|---|---|
| Median Home Price | $225,450 | $152,469 | $248,835 |
| Price Trend (Annual %) | -1.4% | 3.7% | 7.5% |
| Median Gross Rent | $2,070 | $1,208 | $1,407 |
| Rent Trend (Annual %) | 6.4% | 4.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in King of Prussia is about 48% higher than in Pennsylvania. Rent is about 71% higher than the Pennsylvania average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in King of Prussia: home prices fell about 1.4% a year while rent rose about 6.4% a year. That is an unusual pattern worth watching.
Median rent in King of Prussia rose about 72.3% between 2015 and 2024, from $1,201 to $2,070. Over the same span, rent in Pennsylvania rose about 43.9%.
Affordability
On average, housing unit costs 1.9 yearly household incomes in King of Prussia.
Buying the median-priced home in King of Prussia costs roughly 9.1 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 King of Prussia. The price-to-rent ratio in Pennsylvania is about 10.5.
| Metric | King of Prussia | Pennsylvania Avg | US Average |
|---|---|---|---|
| Median Home Price | $225,450 | $152,469 | $248,835 |
| Median Household Income | $115,889 | $78,249 | $80,455 |
| Price-to-Income Ratio | 1.9 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in King of Prussia rose about 24.6%, while median household income rose about 46.4% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | King of Prussia | Pennsylvania Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 44.1% | 63.0% | 58.5% |
| Rental Rate | 49.6% | 27.9% | 31.2% |
| Vacancy Rate | 6.3% | 9.1% | 10.2% |
| Median Tenure (years) | 12.0 | 17.0 | 15.0 |
| Median Year Moved In | 2014 | 2009 | 2011 |
King of Prussia has a homeownership rate of 44.1%, lower than the Pennsylvania average of 63.0%. Its housing vacancy rate is 6.3%, compared with 9.1% in Pennsylvania.
Housing Stock
| Metric | King of Prussia | Pennsylvania Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.21 people | 2.39 people | 2.53 people |
| Median Structure Built Year | 1981 | 1966 | 1978 |
| Median Number of Rooms | 4.4 | 6.0 | 5.5 |
The typical housing unit in King of Prussia was built around 1981. On average, 2.2 people live in a home with about 4.4 rooms, staying for about 12.0 years on average.
King of Prussia, PA Housing Compared With Nearby Cities
How King of Prussia, PA compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| King of Prussia, PA | 26,218 | $225,450 #1/2 | $2,070 #1/2 | 47.1% #1/2 |
| Norristown, PA | 35,836 | $121,653 | $1,421 | 42.7% |
Frequently Asked Questions
Common questions about the housing market in King of Prussia, Pennsylvania.
What is the median home price in King of Prussia, Pennsylvania?
The median home price in King of Prussia, Pennsylvania is $225,450, higher than the Pennsylvania average of $152,469.
What is the average home price in King of Prussia, Pennsylvania?
The typical home price in King of Prussia, Pennsylvania, reported as the median sale price, is $225,450. 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 King of Prussia, Pennsylvania?
The median gross rent in King of Prussia, Pennsylvania is $2,070 per month, higher than the Pennsylvania average of $1,208.
What was the median gross rent in King of Prussia in 2020?
In 2020, the median gross rent in King of Prussia, Pennsylvania was $1,578 per month.
What is the price-to-rent ratio in King of Prussia, Pennsylvania?
The price-to-rent ratio in King of Prussia, Pennsylvania is about 9.1, meaning it would take roughly 9.1 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 King of Prussia.
Are home prices or rent rising faster in King of Prussia, Pennsylvania?
Home prices and rent are moving in opposite directions in King of Prussia: home prices fell about 1.4% a year while rent rose about 6.4% a year. That is an unusual pattern worth watching.
What is the homeownership rate in King of Prussia, Pennsylvania?
44.1% of households in King of Prussia, Pennsylvania own their home, lower than the Pennsylvania average of 63.0%.
What is the vacancy rate in King of Prussia, Pennsylvania?
The housing vacancy rate in King of Prussia, Pennsylvania is 6.3%, lower than the Pennsylvania average of 9.1%.
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