City:

Cheltenham, PA

Cheltenham is a city in the state of pennsylvania with a population of roughly 6,328. It is in Montgomery County, Pennsylvania the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD core-based statistical areas (CBSA), and the Philadelphia-Reading-Camden, PA-NJ-DE-MD combined statistical area (CSA).Its Zip codes include 19012 .

The Changing Face of Cheltenham: Trends in Home Prices

When people think of Cheltenham, Pennsylvania, they likely think of beautiful homes and picturesque landscapes. This affluent town is located in the heart of the Philadelphia metropolitan area and has a population of just over 30,000. Cheltenham is known for its prestigious schools, including Cheltenham High School and Saint Joseph's University. It is also home to several large corporations, including Comcast Corporation and Eli Lilly and Company.

Real estate in Cheltenham is very expensive compared to other areas of the country. The median price for a single-family home in 2016 was $1.5 million, which is more than triple the national median price of $476,000. In addition, Cheltenham has a very high rate of home ownership (almost 98% as of 2016). This high rate may be due to the fact that there are few available housing units relative to its population size or because many residents are wealthy enough to afford a home even if it costs more than average.

Despite its high prices, Cheltenham has seen an increase in sales over the past few years due to strong economic growth in the Philadelphia area. Many people are looking for properties close to major employers or universities so that they can have easy access to amenities like shopping and dining. Additionally, Cheltenham offers great outdoor recreation opportunities such as hiking trails and golf courses.

Price Index: Montgomery County-Bucks County-Chester County, PA (MSAD)

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