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Kennett Square

Learn about the people, housing, costs and businesses in Kennett Square, Pennsylvania

Median Home$418,350
Median Rent$1,468/month
Population6,243
Leading IndustriesEducation · Manufacturing3% education
Home Value Growth⬆⬆⬆+23.1% over 2 years
Young Adults40% of residentstop 3% nationally
Homeowners56% of occupied units
NotableAmenity Score78/100 · highly walkable area
Kennett Square
PA

Explore Kennett Square

Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Kennett Square?

As of today, the 30-year fixed mortgage rate for Kennett Square is approximately 6.967% (7.006% 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 Kennett Square?

The median home value in Kennett Square is $418k. The median monthly rent is $1,468. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Kennett Square?

Home values in Kennett Square have increased 23.1% over the past two years. This indicates a strong appreciation trend. 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 Kennett Square?

Based on a typical all-in ownership cost of $1,584/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $68k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Kennett Square is $79k/year.

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What industries drive the economy in Kennett Square?

The largest employment sectors in Kennett Square are public administration (25%) and healthcare (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.