Market Overview
Home Prices in Merion Station, PA
The median home value in Merion Station, PA is $1,146,469 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.2% compared to a year ago and up 4.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Merion Station are priced180% above average. Merion Station is part of the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD metro area.
Price History
Merion Station Home Price Trend
2024
$1,019,852
$1.02M
—
2025
$1,069,173
$1.07M
+4.8%
2026
$1,146,469
$1.15M
+7.2%
City Comparison
Merion Station vs. National Median
🏠 Merion Station
$1,146,469
National Median
$410,000
At $1,146,469, homes in Merion Station cost 180% above the national median of $410,000. Buyers in Merion Station should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Merion Station?
20% Down Payment
$229,294
on $1,146,469
Monthly P&I
$5,979/mo
30-yr @ 6.8%
Total Monthly Est.
~$7,593/mo
incl. taxes & insurance
Income Needed
$303,720
gross annual (30% rule)
10% Down Option
$114,647
+ PMI applies
Loan Amount (20% dn)
$917,175
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 Merion Station, PA?
The median home value in Merion Station is $1,146,469 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.2% year-over-year.
How much have home prices changed in Merion Station?
Over the past year, home values in Merion Station have increased by 7.2%.
How much do I need to earn to buy a home in Merion Station?
To comfortably afford the median home price of $1,146,469 with a 20% down payment ($229,294) at today's rates (6.8%), you'd need a gross annual income of approximately $303,720. This assumes keeping total housing costs at or below 30% of gross income.
How does Merion Station compare to the national average home price?
The national median home value is approximately $410,000. At $1,146,469, homes in Merion Station are 180% above the national average.
What metro area is Merion Station part of?
Merion Station 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.