Cheltenham, PA Housing Market
$397,859
1.7% 1-yrThe average Cheltenham, PA home value is $397,859, up 1.7% over the past year. (Updated on )
What is the Zillow Home Values Index?
Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.
Cheltenham Key Takeaways
Typical Home Values: $397,859
1-Year Value Change: +1.7%
(Data through August 31, 2026)
Cheltenham Housing Market Overview
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.
Nearby Neighborhoods
- NameMedian ZHVI
- Melrose Park Gardens$221,212
- Lawndale$211,533
- East Oak Lane$282,650
- Burholme$301,420
- Crescentville$199,836
- Olney$163,016
- Fern Rock$164,399
Zillow is more than a place to browse homes. It’s a place to connect with a local agent, explore financing solutions, schedule home tours, understand your buying and selling power, and more.
Cheltenham Rental Market Trends
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.
Frequently Asked Questions
What are current home values in Cheltenham, PA?
The median home value in Cheltenham, PA is $397,859 as of August 2026. This represents a 0.2% increase compared to last month and a 1.7% increase year-over-year.
How have home values changed in Cheltenham, PA?
Home values in Cheltenham, PA have increased by 0.2% month-over-month and 1.7% year-over-year.
How do home values in Cheltenham, PA compare to Montgomery County, Pennsylvania, and the national average?
The median home value in Cheltenham, PA ($397,859) compares to: Montgomery County ($494,593), Pennsylvania ($290,401), and the U.S. national median ($368,697).
