Is Lower Merion Township, PA growing?

Lower Merion Township, PA had an estimated 64,174 (±36) residents in 2020–2024, against 59,037 in 2015–2019.

That is a change of +8.7%, a measurable increase.

Its housing went from 24,302 to 25,357 homes (+4.3%), a measurable increase.

1.5% of today’s homes were built in 2020 or later.

Figures last updated on .

Residents now
64,174 (±36)
Amount of change
+8.7%
Homes change
+4.3%
Built 2020 or later
1.5%

Residents and homes in Lower Merion Township, 2015–2019 and 2020–2024

2015–2019 and 2020–2024 American Community Survey 5-year estimates
2015–20192020–2024Amount of changeVerdict
Residents59,037 (±97)64,174 (±36)+8.7%Measurable increase
Housing units24,302 (±383)25,357 (±563)+4.3%Measurable increase
Households that rent26.3% (±1.2 points)25.3% (±1.5 points)−1.0 percentage pointsNot a measurable change
Median gross rent$1,541 (±$63)$1,893 (±$68)+22.8%No measurable change after inflation
Median home value$611,400 (±$13,611)$810,400 (±$24,583)+32.5%Up after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Growth in Lower Merion Township against Montgomery County, its state and the nation

Change between 2015–2019 and 2020–2024
ResidentsVerdictHousing units
Lower Merion Township+8.7%Measurable increase+4.3%
Montgomery County+5.3%Measurable increase+4.8%
Pennsylvania+1.8%Measurable increase+2.0%
United States+3.1%Measurable increase+4.6%

A change in a place’s boundaries between the two periods (an annexation, say) changes its counts as well; the Census Bureau’s figures are for the place as it was drawn in each period.

New homes in Lower Merion Township

Housing units by year built, 2020–2024
Year builtLower Merion TownshipMontgomery CountyPennsylvaniaUnited States
2020 or later1.5% (±0.6 points)1.5%1.0%2.0%
2010 to 20195.4% (±1.2 points)6.6%5.1%9.4%
2000 to 20093.2% (±0.8 points)8.6%8.1%13.6%

6.9% of the homes in Lower Merion Township were built in 2010 or later.

The median age of residents is 41.2 years.

Growth in places near Lower Merion Township

Change in residents between 2015–2019 and 2020–2024
PlaceDistanceResidents nowAmount of changeVerdict
Lower Merion Township—64,174+8.7%Measurable increase
Narberth1.7 mi4,511+3.8%Measurable increase
Haverford College2.1 mi1,695+36.8%Measurable increase
West Conshohocken3.5 mi1,536+11.0%Not a measurable change
Conshohocken3.5 mi9,282+15.6%Measurable increase
Haverford Township3.6 mi50,874+3.2%Measurable increase
Millbourne4.8 mi1,467+23.9%Not a measurable change
Radnor Township5.0 mi33,718+6.0%Measurable increase
Whitemarsh Township5.5 mi19,966+11.3%Measurable increase

The figures for Lower Merion Township include the places inside it that have pages of their own: Ardmore, Bala Cynwyd, Bryn Mawr, Merion Station, Penn Wynne, Rosemont, Wynnewood.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Lower Merion Township

Is Lower Merion Township growing?

Lower Merion Township, PA had an estimated 64,174 residents in 2020–2024 and 59,037 in 2015–2019, a change of +8.7%: a measurable increase by the Census Bureau’s test.

How many homes have been added in Lower Merion Township?

The estimated number of housing units went from 24,302 in 2015–2019 to 25,357 in 2020–2024 (+4.3%), a measurable increase.

How much new construction is there in Lower Merion Township?

1.5% of homes in Lower Merion Township were built in 2020 or later and 5.4% between 2010 and 2019.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Lower Merion township, Montgomery County, Pennsylvania (county subdivision:44976, in state:42 county:091).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B01003_001E, B01003_001M, B25001_001E, B25001_001M, DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0017PE, DP04_0017PM, DP04_0018PE, DP04_0018PM, DP05_0018E, DP05_0018M

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.

Figures last updated on .

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