Wayne, Pennsylvania Information
Wayne, Pennsylvania is a quaint suburban community located about 14 miles west of Philadelphia. The town is part of the Main Line, which is the name describing a series of towns in the Philadelphia suburbs that were originally connected by the former Pennsylvania Railroad’s Main Line. These Main Line towns were inhabited by wealthy local families, and the region is still considered to be an area that is known for “old money” and is home to some of the wealthiest communities in the country.
Wayne, Pennsylvania Details
Despite its proximity to Philadelphia, Wayne is known in the area for having a small-town feel, and a walkable downtown. The center of the business district is located along Lancaster Avenue. The historic train station is located is located in the heart of the business district along with a post office, a cinema, a hotel, a library, and many restaurants, cafes, and bars. The town has more artists, designers, and people working in media than 90% of the communities in America, which shapes the community and contributes to its artistic feel.
The town is an easy 30 minute train ride from the downtown 30th Street Station, making it an ideal town for commuters. For the size of the town, public transportation is quite heavily used. Mostly, people who use it for their daily commute are taking the train. The benefits to the residents are reduced air pollution and congestion on the highways.
Wayne has long been considered one of the best places in the suburban communities in Pennsylvania to live and raise a family. The Main Line is home to several of the country’s top school districts, and families that live in there could attend one of three different school districts depending on where they reside within the town. Families located in Radnor Township attend schools in Radnor Township School District, families located in the Tredyffrin Township portion attend schools in Tredyffrin/Easttown School District, and families in Upper Merion Township attend the Upper Merion Area School District. The private prestigious Valley Forge Military Academy is also located here. The area is known as a college town and many students live in locally while attending universities in the area including Eastern University, Cabrini College, and Villanova University. The Philadelphia Union of Major League Soccer opened YSC Sports Academy which is a private soccer academy designed to train student-athletes to become professional caliber soccer players.
Wayne is the 20th largest community in Pennsylvania with a population of about 35,567 people. The population density is about 1,815 people per square mile. According to 2015 US Census bureau data, the racial makeup of the community was 79.9% White, 10.6% Asian, 4.2% African American, 3% Hispanic, and 2.3% from other races. It is one of the more educated communities in America. About 97% of the population has graduated high school and about 72.85% of the adult residents have a college degree or even advanced degree. Nationally across all communities, an average of 21.84% of all adults has a college degree. The percentage of people employed in STEM (Science, Technology, Engineering, and Mathematics) fields is much higher here than in the rest of the country. It is a white-collar town, with 95.19% of the workforce employed in white-collar jobs, which is well above the national average. Overall, it is a town of professionals, managers and sales and office workers.
The latest US Census bureau reports the median household income in 2015 was $106,000. The per capita income for the community was $54,130. About 6.1% of the population was below the poverty line. The median list price per square foot of a single family home is currently $266, which is higher than the local metro area average of $127. As of January 2017, the median price of homes currently listed in the town is $825,000. The average monthly rent for a single family home or a townhouse is $2,800. Additionally, there several upscale apartment complexes with great amenities such as pools and fitness centers. The great school districts, high median income, low crime rates, proximity to Philadelphia, and a walkable small town feel make Wayne a very desirable community.
Wayne Property Management
Our property management team specializes in residential areas throughout Wayne, 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 Wayne area property management services.
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