Plum, Pennsylvania Housing Market Prices
Plum 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 19% above the Pennsylvania median$181,496
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Median rent 3% below the Pennsylvania median$1,177
Housing Market Overview
| Metric | Plum | Pennsylvania Avg | US Average |
|---|---|---|---|
| Median Home Price | $181,496 | $152,469 | $248,835 |
| Price Trend (Annual %) | 3.8% | 3.7% | 7.5% |
| Median Gross Rent | $1,177 | $1,208 | $1,407 |
| Rent Trend (Annual %) | 3.3% | 4.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Plum is about 19% higher than in Pennsylvania. Rent is about 3% lower 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 Plum, up about 3.8% and 3.3% a year respectively. Home prices are changing faster.
Median rent in Plum rose about 29.5% between 2015 and 2024, from $909 to $1,177. Over the same span, rent in Pennsylvania rose about 43.9%.
Affordability
On average, housing unit costs 1.8 yearly household incomes in Plum.
Buying the median-priced home in Plum costs roughly 12.9 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 Plum. The price-to-rent ratio in Pennsylvania is about 10.5.
| Metric | Plum | Pennsylvania Avg | US Average |
|---|---|---|---|
| Median Home Price | $181,496 | $152,469 | $248,835 |
| Median Household Income | $98,306 | $78,249 | $80,455 |
| Price-to-Income Ratio | 1.8 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Plum rose about 41.4%, while median household income rose about 46.3% 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 | Plum | Pennsylvania Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 76.2% | 63.0% | 58.5% |
| Rental Rate | 18.2% | 27.9% | 31.2% |
| Vacancy Rate | 5.6% | 9.1% | 10.2% |
| Median Tenure (years) | 18.0 | 17.0 | 15.0 |
| Median Year Moved In | 2008 | 2009 | 2011 |
Plum has a homeownership rate of 76.2%, higher than the Pennsylvania average of 63.0%. Its housing vacancy rate is 5.6%, compared with 9.1% in Pennsylvania.
Housing Stock
| Metric | Plum | Pennsylvania Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.45 people | 2.39 people | 2.53 people |
| Median Structure Built Year | 1976 | 1966 | 1978 |
| Median Number of Rooms | 6.5 | 6.0 | 5.5 |
The typical housing unit in Plum was built around 1976. On average, 2.4 people live in a home with about 6.5 rooms, staying for about 18.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Plum, Pennsylvania.
What is the median home price in Plum, Pennsylvania?
The median home price in Plum, Pennsylvania is $181,496, higher than the Pennsylvania average of $152,469.
What is the average home price in Plum, Pennsylvania?
The typical home price in Plum, Pennsylvania, reported as the median sale price, is $181,496. 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 Plum, Pennsylvania?
The median gross rent in Plum, Pennsylvania is $1,177 per month, lower than the Pennsylvania average of $1,208.
What was the median gross rent in Plum in 2020?
In 2020, the median gross rent in Plum, Pennsylvania was $950 per month.
What is the price-to-rent ratio in Plum, Pennsylvania?
The price-to-rent ratio in Plum, Pennsylvania is about 12.9, meaning it would take roughly 12.9 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 Plum.
Are home prices or rent rising faster in Plum, Pennsylvania?
Both home prices and rent are rising in Plum, up about 3.8% and 3.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Plum, Pennsylvania?
76.2% of households in Plum, Pennsylvania own their home, higher than the Pennsylvania average of 63.0%.
What is the vacancy rate in Plum, Pennsylvania?
The housing vacancy rate in Plum, Pennsylvania is 5.6%, lower than the Pennsylvania average of 9.1%.
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