Renting in Devon: a two-bedroom costs about $2,310
Devon is too small for a cost of living grade (TownRatings grades places of 1,000 or more).
Only 1 sale in September 2026: in a market this size, monthly medians swing a lot, so the typical value is the steadier guide.
The short version on homes in Devon
Values rose faster than Pennsylvania’s over five years
The typical Devon home is up 45% in five years, against 23% across Pennsylvania. Price trend ↓
Nearly every household owns
95% of Devon households own their home, against 69% across Pennsylvania. There are only 31 renter households, so rentals are scarce. Property taxes ↓
Renting costs far less than owning
A two-bedroom rents for about $2,310 a month. Owning the typical Devon home, with 20% down at the calculator’s rate, runs about $6,140 with tax and insurance: more than twice as much. Can I afford it? ↓
A median income goes further next door
At Devon’s median income, the calculator’s budget of about $849K falls short here but covers the typical home in Tredyffrin Township ($710K). Can I afford it? ↓
Written from the data on this page. Home values are the Zillow Home Value Index, through September 2026; incomes, rents paid, taxes and ownership come from the Census American Community Survey.
Why Devon isn’t graded
The grade needs at least two of four Census figures: home value, rent, property tax and the share of households paying 30% or more for housing.
Next door, Tredyffrin Township grades D for cost of living.
A two-bedroom rents for about $2,310
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
High tax bills, but a low tax rate
The median bill is $7,057 (Pennsylvania: $3,311), because homes cost more. As a share of value it’s 0.93% a year, against 1.30% statewide.
Census American Community Survey 2020–24: the median real-estate tax bill homeowners report, and that bill ÷ the median home value. Bills include town, school and county taxes. The Census reports bills over $10,000 only as “$10,000+”.
Devon vs. its neighbors
Of the 2 towns here with a Zillow value, Devon has the 2nd-lowest. Easttown Township and Tredyffrin Township have no Zillow value, so they are in the table only.
Cost next door · one source per column
| Town | Cost | Typical home Zillow, September 2026 | Median value Census 2020–24 | Tax rate bill ÷ value | 2-bed rent HUD 2026 |
|---|---|---|---|---|---|
| Devon | – | $1.0M | $761K | 0.93% | $2,310 |
| Berwyn | – | $980K | $639K | 1.11% | $2,270 |
| Tredyffrin Township | D | — | $710K | 1.03% | $2,450 |
| Easttown Township | D | — | $853K | 1.15% | $2,260 |
“—” under Cost: not graded (too little Census data, or under 1,000 residents). “—” under Zillow: Zillow publishes no value for that town, so it’s left blank rather than mixed with Census figures.
Questions about the cost of living in Devon
How much is rent in Devon?
HUD puts a two-bedroom at about $2,310 a month with utilities, the going rate for someone moving in.
What are property taxes in Devon?
The median bill is $7,057 a year, 0.93% of the median home value (Pennsylvania: $3,311, 1.30%), from the Census 2020–24.
Why doesn’t Devon have a cost of living grade?
Devon is too small for a cost of living grade (TownRatings grades places of 1,000 or more).
Neighbors talk housing
What Devon buyers, sellers and renters are saying.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, September 2026. Sales, days on market and supply: Redfin Data Center, September 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. The calculator is an estimate, not a loan offer. Regional price levels: BEA; electricity: EIA. How TownRatings grades cost of living.