According to statistics, the population in West Chester, PA amounts to 19,698, which shows growth 1% compared to the previous year. The median age of the city’s residents is 24. The average household income is $55,313, shifting growth 9% from the past year, and the average property value in West Chester, PA growth 6% to $338,800 throughout the year.
|Number Of Employees||11,914|
|Median Property Value||$338,800|
The average household income in West Chester, PA grew from $50,853 to $55,313 in the past year. This data is an estimate based upon 6,876 households in West Chester, PA . The chart below presents how household income is distributed in West Chester, PA in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in West Chester, PA shifted from $320,600 to $338,800 throughout the year. The subsequent graph indicates the share of properties in the given price range in West Chester, PA in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of West Chester, PA properties falls in the '$300,000 to $399,999' range, which is higher than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in West Chester, PA compared to median property taxes around the country. The prevalent amount of property taxes in West Chester, PA equals $3000, which is less than the national average.
During Nov 2022, the average price for an apartment in/near West Chester, PA decreased by 4.9% to $516,352.
Asking price for 2-bed apartment also decreased by 1.5% and a place of this size will now cost you $368,960. A 3-bed apartment goes for $500,729, it decreased by 0.2% lately. We discerned the rise of 4- and more bed apartment price. It increased by 44.8% and made it up to $941,250.
Price reports demonstrate that house price increased by 11.1% this month making it up to $724,933. Condos are really in demand in this season. The median price for a condo increased by 9.2%, it’s now available for $457,236. The price statistics of lofts have not significantly changed, it now still goes for $439,000. The property value of townhouses increased by 6.4%, you’ll have to spend around $485,643 to get one.