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Devon

Learn about the people, housing, costs and businesses in Devon, Pennsylvania

Median Home$684,200
Median Rent$2,022/month
Population1,619
Leading IndustriesArts, Food & Hospitality · Healthcare · Education16% arts, food & hospitality
Home Value Growth+8.1% over 2 years
Family-Friendly23% of residentsnear the national average
Homeowners78% of occupied units
NotableTransit98/100 · excellent transit access
NotableHigh Incomes$181k/year · top 2% nationally
Devon
PA

Frequently Asked Questions

What are today's mortgage rates in Devon?

As of today, the 30-year fixed mortgage rate for Devon is approximately 6.988% (7.027% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Devon?

The median home value in Devon is $684k. The median monthly rent is $2,022. Annual property taxes average $7k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Devon?

Home values in Devon have increased 8.1% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Devon?

Based on a typical all-in ownership cost of $2,458/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $105k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Devon is $181k/year.

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What industries drive the economy in Devon?

The largest employment sectors in Devon are public administration (25%) and healthcare (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.