UMT/KOP Housing Market Remains Strong & Competitive

In September 2025, the Federal Reserve made its first rate cut in over four years, lowering its benchmark interest rate by .25 %.

While modest, this shift marks a gradual move toward more accessible borrowing. For homebuyers, especially those in areas where demand is high, this is welcome news.

Here in UMT/KOP, demand continues to drive a fast-moving market. According to the Montgomery County Planning Commission, the median home sales price reached $569,998 in 2024, nearly double what it was a decade ago. Redfin data hones in on King of Prussia as an especially competitive market, earning an impressive 82 out of 100 on the Redfin Compete Score™. Homes typically sell above list price and are under contract in about 26 days, reinforcing the region’s reputation for sustained housing demand.

Rental properties reflect a similar trend. According to CoStar, UMT/KOP studio apartments now average $4.48/SF per month, while one-bedroom and two-bedroom units average $2.41/SF and $2.21/SF respectively. These steady increases highlight the continued need for high quality and conveniently located rental options, especially among young professionals seeking flexibility close to amenities.

Several factors help explain the area’s robust housing market. Upper Merion Township’s favorable tax environment, including no local earned income tax, continues to attract both residents and investors. It is also the third largest employment center in the Greater Philadelphia region, supporting more than 65,000 jobs across a range of industries. Top-rated schools in the Upper Merion Area School District, which earned an “A” rating from Niche in 2026, provide excellent education opportunities for families. Lastly, with convenient access to major highways and a location just 19 miles from Center City Philadelphia, residents enjoy easy commuting and plenty of entertainment options nearby. Together, these advantages help the community stand out as one of the most desirable places to live, work and invest in the region.