What is the rental vacancy rate in Lower Merion Township, PA?
The rental vacancy rate in Lower Merion Township, PA is 2.9% (±1.7 points) (2020–2024 American Community Survey).
The homeowner vacancy rate is 0.3% (±0.4 points).
1,280 (±302) homes, 5.0% of all housing units, were vacant, a count that includes seasonal homes and homes being sold or rented.
In Lower Merion Township, the rental vacancy rate went from 3.4% in 2015–2019 to 2.9% in 2020–2024 (−0.5 percentage points), not a measurable change.
Figures last updated on .
- Rental vacancy rate
- 2.9% (±1.7 points)
- Homeowner vacancy rate
- 0.3% (±0.4 points)
- Vacant homes
- 1,280 (±302)
Vacancy in Lower Merion Township against Montgomery County, its state and the nation
| Lower Merion Township | Montgomery County | Pennsylvania | United States | |
|---|---|---|---|---|
| Rental vacancy rate | 2.9% (±1.7 points) | 5.5% (±0.6 points) | 4.9% (±0.2 points) | 5.5% |
| Homeowner vacancy rate | 0.3% (±0.4 points) | 0.8% (±0.2 points) | 0.8% (±0.1 points) | 0.9% |
| Vacant housing units | 1,280 (±302) | 14,846 (±963) | 531,599 (±8,998) | 14,547,859 |
The rental vacancy rate is the share of rental homes that are vacant and for rent; it leaves out homes already rented but not yet moved into, and seasonal homes.
In Lower Merion Township, the rental vacancy rate is lower than in Montgomery County (5.5%).
It is also lower than in Pennsylvania (4.9%).
It is lower than the national figure (5.5%).
Rental vacancy rate in places near Lower Merion Township
| Place | Distance | Rental vacancy rate | Compared with this place |
|---|---|---|---|
| Lower Merion Township | — | 2.9% (±1.7 points) | — |
| Narberth | 1.7 mi | 3.5% (±5.2 points) | Not measurably different |
| Haverford College | 2.1 mi | 0.0% (±36.0 points) | Not measurably different |
| West Conshohocken | 3.5 mi | 12.4% (±8.7 points) | Higher |
| Conshohocken | 3.5 mi | 6.3% (±4.3 points) | Not measurably different |
| Haverford Township | 3.6 mi | 2.8% (±3.1 points) | Not measurably different |
| Millbourne | 4.8 mi | 9.5% (±8.7 points) | Not measurably different |
| Swedeland | 4.9 mi | 0.0% (±21.7 points) | Not measurably different |
| Radnor Township | 5.0 mi | 6.1% (±3.8 points) | Not measurably different |
Nearby places with a measurably higher figure: West Conshohocken, PA (12.4%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Rental vacancy rate across Montgomery County, place by place
| Rank | Place | Rental vacancy rate |
|---|---|---|
| 35 (tie) | Plymouth Township (Montgomery County) | 3.3% (±2.8 points) |
| 37 (tie) | Franconia Township | 3.2% (±5.4 points) |
| 37 (tie) | West Norriton Township | 3.2% (±3.5 points) |
| 39 | Hatfield Township | 3.1% (±3.0 points) |
| 40 (tie) | Royersford | 3.0% (±3.8 points) |
| 40 (tie) | West Pottsgrove Township | 3.0% (±4.9 points) |
| 42 (tie) | Lower Merion Township | 2.9% (±1.7 points) |
| 42 (tie) | Lower Salford Township | 2.9% (±3.4 points) |
| 44 | Lansdale | 2.0% (±2.0 points) |
| 45 | Towamencin Township | 1.7% (±2.7 points) |
| 46 (tie) | Collegeville | 0.0% (±8.0 points) |
| 46 (tie) | East Greenville | 0.0% (±6.2 points) |
| 46 (tie) | Green Lane | 0.0% (±37.6 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.
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Questions about Lower Merion Township
Is it hard to find a rental in Lower Merion Township?
The rental vacancy rate in Lower Merion Township, PA is 2.9% (±1.7 points); a low rate means few rental homes stand empty and for rent at any time, which usually means more competition for each one.
Is the rental market in Lower Merion Township tighter than it was?
In Lower Merion Township, the rental vacancy rate went from 3.4% in 2015–2019 to 2.9% in 2020–2024 (−0.5 percentage points), not a measurable change.
How many homes are vacant in Lower Merion Township?
An estimated 1,280 (±302) housing units, 5.0% of the total, including seasonal homes and homes waiting to be sold or rented.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Lower Merion township, Montgomery County, Pennsylvania
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Lower Merion township, Montgomery County, Pennsylvania
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 DP04_0005E, DP04_0005M from the 2019 release.
The API needs a free key.
DP04_0005E, DP04_0005M, DP04_0004E, DP04_0004M, DP04_0003E, DP04_0003M, DP04_0003PE, DP04_0003PM
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 .
Related
- Housing in Lower Merion Township at a glance
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- Homeowner costs in Lower Merion Township
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- Types of homes in Lower Merion Township
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- Population growth in Lower Merion Township
- How long people stay in Lower Merion Township
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- Fair Market Rent in Lower Merion Township
- Pennsylvania landlord and tenant rules
- Housing across Montgomery County
- Pennsylvania places ranked by rental vacancy rate
- Housing data for every place in Pennsylvania