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City Report · PA

Devon

Pop. 1,806·39th most expensive in Pennsylvania·Rental market data updated monthly for Devon, PA
Median rent (all units)
$1,988/mo
Year-over-Year
Stable
Month-over-Month
+1.4%
vs US Median
+$23
Rising (Monthly)
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Most AffordableMost Expensive
Devon · $1,988
More expensive than 58% of US cities · National median $1,965/mo
Affordability
11% of income
VERY AFFORDABLE
0%30% benchmark60%+

At $1,988/mo, rent takes about 11% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$80,000/yr
Local median income
$219,063/yr
Based on the 30%-of-income rule using Devon's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,810
1 BR
$2,000
2 BR
$2,380
3 BR
$2,870
4 BR+
$3,260
Research median
$2,380/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$23,856/yr
At $1,988/mo median
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (0.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+0.0% YoY, +1.4% MoM), not inventory.
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Demographics

Who lives here

Devon, PA is majority owner-occupied, has a large share of families with children, has a median income above the national average, 89.6% of residents hold a bachelor's degree or higher.

Population
1,806
Median income
$219,063
Median age
47.7
Renters
4.8%
Age distribution
26.4%
31.5%
20.6%
Under 1826.4%
18–3411.1%
35–5431.5%
55–6420.6%
65+10.5%
Gender
51.3%
48.7%
Male51.3%
Female48.7%
Race & ethnicity
79.2%
White79.2%
Black1.5%
Hispanic9.2%
Asian6.1%
Other3.9%
Education (25+)
89.6%
HS diploma4.8%
Some college5.5%
Bachelor's+89.6%
Housing tenure
95.2%
Owner95.2%
Renter4.8%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Devon, PA has changed in 5 years

Income
$197,820 → $219,063
up 10.7%
Population
1,981 → 1,806
down 8.8%
Renter share
3% → 4.8%
+1.8 pts
Bachelor's+
79.6% → 89.6%
+10.0 pts
Median age
44.8 → 47.7
+2.9 yrs

Local incomes tracked alongside that move, going from a median of $197,820 in 2021 to $219,063 more recently. Headcount in the area went from 1,981 to 1,806 between 2021 and 2024, a 8.8% change. About 4.8% of households rent today, against 3% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 79.6% to 89.6%.

Community

Discussions about Devon

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View Devon rent history (2015–2026) →
Salary vs rent

Can you afford rent in Devon on your salary?

At $1,988/mo, how Devon rent compares to typical pay (30% rule).

By apartment size

Devon rent by bedroom count

Median rent for each apartment size in Devon. Click any size for full breakdown.

Local insights

Tips for renters in Devon

About renting in Devon, PA

Last updated: July 20, 2026

The median rent in Devon is $1,988/mo as of July 2026. A studio apartment averages $1,810/mo while a 2-bedroom runs $2,380/mo. One-bedroom apartments average $2,000/mo and 3-bedroom units go for $2,870/mo.

At 11% of local median household income ($219,063/yr), Devon ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Devon an affordable city for renters?

Devon is considered very affordable for renters. At $1,988/mo, rent takes approximately 11% of the local median household income ($219,063/yr). The standard benchmark is 30%. Devon falls comfortably within that range.

How much income do you need to rent in Devon?

To keep rent at or below 30% of gross income, you would need to earn at least $80,000/year (~$38/hour full-time) to afford the median rent of $1,988/mo in Devon. The local median household income is $219,063/yr, meaning the typical Devon household meets that threshold.

Is rent going up or down in Devon?

Rent in Devon has been relatively stable over the past year, with a 0.0% change year over year as of July 2026.

How does Devon rent compare to other cities in Pennsylvania?

Devon is one of the pricier cities in Pennsylvania for rent, ranking #39 out of 167 tracked cities at $1,988/mo.

What percentage of Devon residents rent vs. own?

According to Census data, approximately 4.8% of Devon households are renters, while 95.2% are owner-occupied. Devon leans toward homeownership, which can mean a smaller rental inventory.

How does Devon rent compare to the national average?

Devon's median rent of $1,988/mo is $23 (1%) above the US national median of $1,965/mo. Within Pennsylvania, it ranks #39 out of 167 tracked cities.
Income Affordability
11%
VERY AFFORDABLE

At $1,988/mo, rent takes ~11% of Devon's median household income ($219,063/yr). The standard benchmark is 30%.

Devon 11%Benchmark 30%
State income tax3.07%
Run the Devon affordability calculator →
Lowest-rent ZIP codes in Devon
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Devon, PA

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