What percentage of people rent in Lower Merion Township, PA?

Name: Renters and owners in Lower Merion Township, PA, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

25.3% (±1.5 points) of the occupied homes in Lower Merion Township, PA are rented (2020–2024 American Community Survey).

That is 6,089 renting households against 17,988 that own their home.

In Lower Merion Township, the share of households that rent went from 26.3% in 2015–2019 to 25.3% in 2020–2024 (−1.0 percentage points), not a measurable change.

Figures last updated on November 12, 2026.

Households that rent: 25.3% (±1.5 points)
Renting households: 6,089 (±424)
Median renter income: $69,278 (±$12,015)

Who rents and who owns in Lower Merion Township

Tenure, estimate (90% margin of error)
	Lower Merion Township	Montgomery County	Pennsylvania	United States
Renter-occupied share	25.3% (±1.5 points)	28.6% (±0.6 points)	30.7% (±0.2 points)	34.8%
Renting households	6,089 (±424)	96,010 (±2,096)	1,617,882 (±10,181)	45,017,354
Owning households	17,988 (±530)	239,495 (±2,085)	3,656,971 (±15,249)	84,210,142
Average renter household size	2.0 (±0.2)	2.0 (±0.0)	2.1 (±0.0)	2.3
Average owner household size	2.7 (±0.1)	2.7 (±0.0)	2.5 (±0.0)	2.6
Median renter household income	$69,278 (±$12,015)	$65,931 (±$1,921)	$47,506 (±$425)	$52,966
Median owner household income	$229,480 (±$10,857)	$141,062 (±$1,682)	$95,990 (±$362)	$100,009

In Lower Merion Township, the renter share is lower than in Montgomery County (28.6%).

It is also lower than in Pennsylvania (30.7%).

It is lower than the national figure (34.8%).

In Montgomery County, Lower Merion Township ranks 36 of 62 places with a published estimate, from highest to lowest renter share.

Statewide, it ranks 842 of 2,557.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How renting in Lower Merion Township has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Households that rent	26.3% (±1.2 points)	25.3% (±1.5 points)	−1.0 percentage points	Not a measurable change
Median gross rent	$1,541 (±$63)	$1,893 (±$68)	+22.8%	No measurable change after inflation
Median household income	$136,288 (±$4,197)	$176,512 (±$12,969)	+29.5%	No measurable change 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.

Households that rent in places near Lower Merion Township

Nearest places with a published estimate, compared with Lower Merion Township
Place	Distance	Households that rent	Compared with this place
Lower Merion Township	—	25.3% (±1.5 points)	—
Narberth	1.7 mi	44.7% (±7.8 points)	Higher
Haverford College	2.1 mi	90.5% (±20.2 points)	Higher
Villanova	3.4 mi	0.0% (±3.3 points)	Lower
West Conshohocken	3.5 mi	25.1% (±5.6 points)	Not measurably different
Conshohocken	3.5 mi	51.0% (±5.3 points)	Higher
Haverford Township	3.6 mi	12.6% (±1.6 points)	Lower
Millbourne	4.8 mi	65.8% (±13.7 points)	Higher
Swedeland	4.9 mi	18.0% (±10.0 points)	Not measurably different

Nearby places with a measurably lower figure: Villanova, PA (0.0%), Haverford Township, PA (12.6%).

Nearby places with a measurably higher figure: Narberth, PA (44.7%), Haverford College, PA (90.5%), Conshohocken, PA (51.0%).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Households that rent across Montgomery County, place by place

Rank	Place	Households that rent
30	Red Hill	26.8% (±5.2 points)
31	Lower Salford Township	26.6% (±4.3 points)
32	Upper Gwynedd Township	26.4% (±4.1 points)
33	Pennsburg	26.3% (±7.2 points)
34	Whitemarsh Township	26.0% (±3.6 points)
35	North Wales	25.6% (±11.0 points)
36	Lower Merion Township	25.3% (±1.5 points)
37	West Conshohocken	25.1% (±5.6 points)
38	Collegeville	24.2% (±9.8 points)
39	Lower Providence Township	23.5% (±2.8 points)
40	Trappe	22.8% (±8.9 points)
41	Abington Township	22.7% (±2.5 points)
42	Whitpain Township	22.6% (±3.1 points)

Showing 13 of 62 places in Montgomery County, ranked from highest to lowest.

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.

What you can do on Seayora in Lower Merion Township

One account for renting, owning, managing and fixing homes, with these figures beside you.

Looking for a place to rent?

Browse homes for rent near Lower Merion Township, save the ones you like and apply online.

Browse rentals · Create a renter account

Own or manage a rental?

List it, sign the lease and collect rent online, with the figures for Lower Merion Township beside you.

Create a landlord account · See what landlords get

Do repairs, renovations or maintenance?

Get found by owners and renters near Lower Merion Township, and send estimates and invoices from your phone.

Join as a pro · Find a pro

Questions about Lower Merion Township

How many renters are there in Lower Merion Township?

Lower Merion Township has an estimated 6,089 (±424) renting households, 25.3% of its occupied homes (2020–2024 American Community Survey).

Is renting growing in Lower Merion Township?

In Lower Merion Township, the share of households that rent went from 26.3% in 2015–2019 to 25.3% in 2020–2024 (−1.0 percentage points), not a measurable change.

How big are renting households in Lower Merion Township?

A renting household in Lower Merion Township has 2.0 people on average, against 2.7 in an owned home.

How much do renters earn in Lower Merion Township?

The median renting household in Lower Merion Township, PA has an income of $69,278 (±$12,015) a year, against $229,480 for households that own their home.

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) and detailed tables (acs/acs5) 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 DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M

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.