An analysis of Census Bureau data by Point2Homes has King of Prussia — the commercial hub of Upper Merion Township — becoming one of 15 major suburbs in the country’s largest metropolitan areas to become majority renter within a five-year span. Renters lived in roughly 41% of King of Prussia’s homes in 2018, compared to 52% in 2023, the most recent year Census Bureau data are available. Upper Merion Township is still majority homeowner, with 57% of homes owner-occupied in 2023, down from 66% in 2018. According to Eric Goldstein, president and CEO of King of Prussia District, Upper Merion has added a little over 4,000 housing units since 2017, with most occurring within King of Prussia. Andrew Svekla, of the Delaware Valley Regional Planning Commission, said rental housing demand is high for a variety of reasons, including the rising cost of homeownership as well as societal trends, with seniors being the fastest-growing population of renters in the area.
Source: Philadelphia Inquirer; 7/7/2025