The story of this market
The typical home in ZIP 19406 sells for about $538,000, or $359 per square foot.
Prices are up +19.5% from a year ago, so sellers still have some momentum. Homes take about 24 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $2,076 a month.
ZIP 19406 — King Of Prussia
The 19406 housing market is highly competitive, characterized by low inventory and strong price appreciation. High demand from professionals and families, coupled with limited supply, continues to drive prices upward. The area's robust economy and proximity to major employment hubs remain the primary drivers of market activity.
This ZIP is ideal for commuters working in the Philadelphia metro area, corporate professionals employed in the local business parks, and families seeking access to strong school districts and extensive retail amenities.
Median prices moved up 19.5% year over year.
Homes spend a median of 24 days on market with 2.1 months of supply — a fast-moving market.
18% of listings have cut prices · homes sell at 101.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.7% · poverty 4.2% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 19406, Montgomery County PA
Crime rates in the King of Prussia area are generally considered low compared to regional urban centers, with property crime being the primary concern. Local law enforcement maintains a visible presence due to the high volume of retail and commercial activity.
The area is served by the Upper Merion Area School District, which is generally well-regarded for its academic programs and diverse student body. Residents also have access to various private and parochial school options in the surrounding Montgomery County region.
The area faces moderate risk from localized flooding near the Schuylkill River and its tributaries. Standard property insurance coverage is typical, though flood insurance is recommended for properties in low-lying zones.
The area is a major commercial hub anchored by the King of Prussia Mall, one of the largest retail complexes in the United States. Significant ongoing development includes mixed-use residential and office expansions near the mall and along the Route 202 corridor.
Property taxes are levied by Montgomery County, Upper Merion Township, and the Upper Merion Area School District. The tax structure includes a base millage rate applied to the assessed value, with no state-level property tax.
Residents benefit from proximity to major highways including I-76, I-276 (PA Turnpike), and US-202, providing direct access to Philadelphia. Public transit options include several SEPTA bus routes and proximity to the Norristown High Speed Line.
The area is anchored by Valley Forge National Historical Park, offering extensive trails and green space. Residents also have access to high-end shopping and dining at the King of Prussia Mall and various local community parks.
The rental market is highly active with low vacancy rates due to the area's strong employment base and proximity to Philadelphia. Demand is supported by both young professionals and corporate employees working in the local business parks.
The economy is heavily driven by retail, corporate office parks, and healthcare services. Major employers include the King of Prussia Mall retailers, various pharmaceutical and tech companies in the business parks, and regional medical centers.
The area is a major transit node with access to the PA Turnpike and I-76. SEPTA provides bus and rail connectivity to the broader Philadelphia region.
Development is focused on high-density residential projects and mixed-use commercial hubs near the mall. The area is seeing a shift toward more walkable, transit-oriented development.
The Montgomery County Board of Assessment Appeals manages property valuations, with assessments typically based on a percentage of market value.
Parcels are subject to Upper Merion Township taxes, Montgomery County taxes, and the Upper Merion Area School District levy.
Property insurance premiums are stable, though coverage for flood and wind damage is a standard consideration for local homeowners.
Data retrieved from data.census.gov ZCTA 19406 profile.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
One of the largest shopping malls in the United States.
Extensive historical site with trails and green space.
Provides rail access to Philadelphia and surrounding suburbs.
Key-figure check: median price corroborated by the published ten-year series (2025) (within 12.5%).