Merion Station, Pennsylvania Information
An unincorporated community just west of Philadelphia, Pennsylvania that borders upon the city, Merion Station — which is known to many simply as Merion — is a place of great wealth and large mansions. Originally settled by Welsh immigrants and named after Merionethshire, Wales, the community is part of the legendary Philadelphia Main Line that includes some of the wealthiest towns in both Pennsylvania and the United States.
Merion Station, Pennsylvania Details
There are a little less than 6,000 residents in the community and they are well educated. More than 95% of them have a high school diploma and more than 75% have a college degree. It is also a community with a lot of foreign-born residents. Almost %10 of the population was born outside the United States, and more than 10% speak a language other than English at home.
Among the many interesting attractions in the area is the Cynwyd Heritage Trail, which is a scenic 2-mile linear park that is great for jogging, biking or simply taking a walk. Horticulture lovers will enjoy the 12-acre Barnes Arboretum, which features rare plants and breathtaking blooms. Finally, the community is only a short distance from Downtown Philadelphia and all the attractions there, such as Independence Hall and the Liberty Bell.
Median household income in the community is $146,671, and the average net worth of households there is $1,097,457. The median age of residents is a little under 40, and a little more 52% of the population are women. There are 1,827 households and 725 of them have children. On average, there are little under 3 people per household. The sales tax rate is 6%.
There are a little less than 2,000 housing units in the community. Nearly 40% of homes have 5 bedrooms or more, and less than 10% of homes have two or fewer bedrooms. More than 70% of homes were built before 1950 and only about 2% of homes were built in the last 3 decades. The median days in the market for homes is 125 and the ratio of sale price to list price is 95.36%.
The median sale price of homes in the community is $613,500 and the median listing price is $565,000. The median sale price per square foot is $230, which represents an increase of 5% in comparison with a year ago.
The median rent per month in the community is $2,750, which is down from $3,000 a year ago. 12.5% of residents rent their homes, and more than a third of renters pay between $1,500 and $1,999 per month, with another third paying $2,000 or more.
Call us for a comprehensive market analysis of your rental property.
Merion Station Property Management
Our property management team specializes in residential areas throughout Merion Station, PA. We offer multiple services to take your rental property and convert it into reliable income. We have a thorough screening process that helps to identify the right tenants for your property. Our team works hard to keep both parties happy through effective communication, bullet proof lease agreements, and timely monthly rent collection. We offer maintenance services to enhance the property and ensure that it will retain or increase in value. We oversee everything, allowing you to sit back and relax and know that your property and your tenants are in good hands.
Contact us today if you are ready to receive a comprehensive analysis of your rental property and to inquire about our Merion Station area property management services.
I have been so impressed with not only the quality of service, but the punctual service and communication skills that I have seen through Keyrenter. I would absolutely recommend using Keyrenter.
Kimber C., Satisfied Client
Keyrenter is very organized. I have had several problems with my condo, and Keyrenter has been on top of everything. I can’t say enough good things about the company.
Steve S., Satisfied Client
I'm absolutely delighted with how easy Keyrenter made everything for me. From start to getting a renter into my house, it's all been convenient and simple. Great company, great service, great people!
Lorrie M., Satisfied Client
I've been a tenant with Keyrenter for the past 5 years. They have always been prompt in dealing with issues I've raised up and in responding to my requests for repairs and maintenance.
Tadd D., Satisfied Tenant
PROVEN AND TRUSTED