The median home value in Lower Merion, PA is $650,980. This is higher than the county median home value of $298,200. The national median home value is $219,700. The average price of homes sold in Lower Merion, PA is $650,980. Approximately 77.76% of Lower Merion homes are owned, compared to 17.3% rented, while 4.93% are vacant. Lower Merion real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Lower Merion real estate agent to arrange a tour today!
Lower Merion, Pennsylvania has a population of 58,500. Lower Merion is more family-centric than the surrounding county with 40.37% of the households containing married families with children. The county average for households married with children is 35.13%.
The median household income in Lower Merion, Pennsylvania is $127,127. The median household income for the surrounding county is $84,791 compared to the national median of $57,652. The median age of people living in Lower Merion is 43.6 years.
The average high temperature in July is 88 degrees, with an average low temperature in January of 26.3 degrees. The average rainfall is approximately 46.2 inches per year, with 13 inches of snow per year.