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July 10, 2024

Understanding Residential Rental Rates in Chester County

Residential Rental Rates in Chester County by School District

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Included in this three part blog series about real estate boundaries are: 

As mentioned in the blog post from July 10, 2024, titled "Using Chester County School Districts as Geographic Boundaries for Real Estate Searches", school district boundaries often play a significant role in real estate searches in Pennsylvania. These boundaries help buyers, whether owner occupants, investors and tenants identify areas that align with their specific needs and goals.  Property values, rent prices, and appreciation rates can vary between districts, for that reason understanding the composition of Chester County's fourteen school districts is critical in making informed decisions related to each individual’s goals.

Rental rates in Chester County, Pennsylvania, can vary significantly based on location.  Factors influencing these rates include property type, proximity to local attractions, including meals and entertainment, proximity and access to highways and public transportation, local school districts, property amenities and neighborhood amenities.

Understanding these variations is essential for both renters and investors. Renters can identify areas that fit their budget, while investors can pinpoint regions with targeted rental yields. Always consider local market trends and consult reliable sources to make informed rental decisions.

Shown below are a variety of tables illustrating the differences, and similarities, rental rates between school districts, and townships within school districts.  

Chester County All Room Counts: School Districts Only

A table of all School Districts in Chester County, PA for all bedroom counts, which includes the number of transactions and each district's corresponding rent prices displayed as minimum, average, median and maximum.

Chester County All Room Counts: Townships Within Each School District

A table of each township within each School District in Chester County, PA for all bedroom counts, which includes the number of transactions and each township's corresponding rent prices displayed as minimum, average and maximum.

Chester County Studios & 1 Bedrooms: School Districts Only

A table of all School Districts in Chester County, PA for studios and 1 bedrooms, which includes the number of transactions and each district's corresponding rent prices displayed as minimum, average, median and maximum.

Chester County Studios & 1 Bedrooms: Townships Within Each School District

A table of each township within each School District in Chester County, PA for studios and 1 bedrooms, which includes the number of transactions and each township's corresponding rent prices displayed as minimum, average and maximum.

Chester County 2 Bedrooms: School Districts Only

A table of all School Districts in Chester County, PA for 2 bedrooms, which includes the number of transactions and each district's corresponding rent prices displayed as minimum, average, median and maximum.

Chester County 2 Bedrooms: Townships Within Each School District

A table of each township within each School District in Chester County, PA for studios and 2 bedrooms, which includes the number of transactions and each township's corresponding rent prices displayed as minimum, average and maximum.

Chester County 3 Bedrooms: School Districts Only

A table of all School Districts in Chester County, PA for 3 bedrooms, which includes the number of transactions and each district's corresponding rent prices displayed as minimum, average, median and maximum.

Chester County 3 Bedrooms: Townships Within Each School District

A table of each township within each School District in Chester County, PA for studios and 3 bedrooms, which includes the number of transactions and each township's corresponding rent prices displayed as minimum, average and maximum.

Chester County 4 Bedrooms: School Districts Only

A table of all School Districts in Chester County, PA for 4 bedrooms, which includes the number of transactions and each district's corresponding rent prices displayed as minimum, average, median and maximum.

Chester County 4 Bedrooms: Townships Within Each School District

A table of each township within each School District in Chester County, PA for studios and 4 bedrooms, which includes the number of transactions and each township's corresponding rent prices displayed as minimum, average and maximum.

Chester County 5 Bedrooms: School Districts Only

A table of all School Districts in Chester County, PA for 5 bedrooms, which includes the number of transactions and each district's corresponding rent prices displayed as minimum, average, median and maximum.

Chester County 5 Bedrooms: Townships Within Each School District

A table of each township within each School District in Chester County, PA for studios and 5 bedrooms, which includes the number of transactions and each township's corresponding rent prices displayed as minimum, average and maximum.

Based on information from Bright MLS. The data referenced includes residential lease properties in Chester County, PA, with a status of "Closed" from June 1, 2023, to June 3, 2024, resulting in 1,475 listings, some of which were excluded due to not being residential.

 Disclaimer

This information has been collected from resources deemed to be reliable, but guaranteed for accuracy. The broker, Trago Realty, does not guarantee the accuracy of the information provided. For the most current and detailed information about the respective schools, it is recommended that you contact the school districts directly.

Information in this post, and on www.tragorealty.com, is not to be construed as real estate, investing, legal, accounting, and/or insurance advice. Be sure to consult the respective specialist prior to making any decisions (e.g., real estate licensee, financial planner/advisor, attorney, CPA/tax advisor, and/or insurance agent/company).

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