Market Overview
Home Prices in Cheltenham, PA
The median home value in Cheltenham, PA is $407,034 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.4% compared to a year ago and up 1.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Cheltenham are priced1% below average. Cheltenham is part of the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD metro area.
Price History
Cheltenham Home Price Trend
2024
$397,355
$397K
—
2025
$401,600
$402K
+1.1%
2026
$407,034
$407K
+1.4%
City Comparison
Cheltenham vs. National Median
🏠 Cheltenham
$407,034
National Median
$410,000
At $407,034, homes in Cheltenham cost 1% below the national median of $410,000. This makes Cheltenham a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Cheltenham?
20% Down Payment
$81,407
on $407,034
Monthly P&I
$2,123/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,696/mo
incl. taxes & insurance
Income Needed
$107,840
gross annual (30% rule)
10% Down Option
$40,703
+ PMI applies
Loan Amount (20% dn)
$325,627
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Cheltenham, PA?
The median home value in Cheltenham is $407,034 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.4% year-over-year.
How much have home prices changed in Cheltenham?
Over the past year, home values in Cheltenham have increased by 1.4%.
How much do I need to earn to buy a home in Cheltenham?
To comfortably afford the median home price of $407,034 with a 20% down payment ($81,407) at today's rates (6.8%), you'd need a gross annual income of approximately $107,840. This assumes keeping total housing costs at or below 30% of gross income.
How does Cheltenham compare to the national average home price?
The national median home value is approximately $410,000. At $407,034, homes in Cheltenham are 1% below the national average.
What metro area is Cheltenham part of?
Cheltenham is part of the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD metropolitan area. Home prices and market conditions can vary across the broader metro region.