Lower Merion, Pennsylvania is a part of the Upper/Lower Merion Submarket submarket area.
The 2019 average effective rent for Class A, B, and C apartments in the Lower Merion, PA submarket area was $1,688, which is 35.91% higher than 2014 average rent. This represents a compounded annual growth rate of 6.33%. 2019 vacancy in Lower Merion, PA was 5.50%.
The total population of the city of Lower Merion, PA has grown 3.03% since 2010. As of 2018, the population was 59,578. The median household income of the Lower Merion was $131,556, which is 118.19% higher than the national average.