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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



King of Prussia, PA Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

King of Prussia, PA Housing Market Trends

With a population of 24,695, 11,164 total housing units (homes and apartments), and a median house value of $456,523, King of Prussia real estate is some of the most expensive in Pennsylvania, although King of Prussia home values aren't among America's most expensive.

Large apartment complexes or high rise apartments are the single most common housing type in King of Prussia, accounting for 52.51% of the town's housing units. Other types of housing that are prevalent in King of Prussia include single-family detached homes ( 35.95%), row houses and other attached homes ( 7.79%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.75%). Towns that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of towns are often walkable and compact, and often have a lively downtown.

People in King of Prussia primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. King of Prussia has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in King of Prussia built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in King of Prussia built between 1940-1969 ( 36.14%). A lesser amount of the housing stock also hails from between 2000 and later ( 22.83%). There's also some housing in King of Prussia built before 1939 ( 3.22%).

King of Prussia Home Appreciation Rates

King of Prussia's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in King of Prussia during the period has been just 5.13%, which is lower than 80% of US communities.

Over the last year, King of Prussia appreciation rates have trailed the rest of the nation. In the last twelve months, King of Prussia's appreciation rate has been 5.27%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in King of Prussia were at 1.44%, which equates to an annual appreciation rate of 5.90%.

Relative to Pennsylvania, our data show that King of Prussia's latest annual appreciation rate is lower than 60% of the other cities and towns in Pennsylvania.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within King of Prussia differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in King of Prussia - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best King of Prussia real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$456,523

King of Prussia, PA Home Prices
> $1,289,000
$967,001 - $1,289,000
$645,001 - $967,000
$516,001 - $645,000
$387,001 - $516,000
$258,001 - $387,000
$129,001 - $258,000
$65,001 - $129,000
$0 - $65,000
0.4%
0.4%
0.6%
0.6%
20.9%
20.9%
18.5%
18.5%
31.3%
31.3%
21.5%
21.5%
3.8%
3.8%
1.4%
1.4%
1.4%
1.4%
0% 100.0%
% of Homes
Very High

for Pennsylvania

High

for nation

Number of Homes And Apartments:

11,164

King of Prussia Appreciation Rates

Rent & Ownership

Average Market Rent:

$3,135 / per month

Homeownership Rate

Owners
Renters
49.1%
49.1%
50.9%
50.9%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
8.0%
8.0%
92.0%
92.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
22.8%
22.8%
37.8%
37.8%
36.1%
36.1%
3.2%
3.2%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
36.0%
36.0%
7.8%
7.8%
3.7%
3.7%
52.5%
52.5%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
6.1%
6.1%
25.6%
25.6%
25.3%
25.3%
23.4%
23.4%
17.4%
17.4%
2.1%
2.1%
0% 100.0%
% of Homes