Elverson, PA Profile: Facts & Data

Elverson, Pennsylvania - Basic Facts

The Borough of Elverson had a population of 1,367 as of July 1, 2024.

The primary coordinate point for Elverson is located at latitude 40.1568 and longitude -75.8327 in Chester County. The formal boundaries for the Borough of Elverson encompass a land area of 0.99 sq. miles and a water area of 0.01 sq. miles. Chester County is in the Eastern time zone (GMT -5).

The Borough of Elverson has a C5 Census Class Code which indicates an active incorporated place that is independent of any county subdivision and serves as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

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Elverson, PA Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	1,367 (100%)
Population in Households	1,367 (100.0%)
Population in Families	1,069 (78.2%)
Population in Group Quarters¹	0
Population Density	1,371
Diversity Index²	22


INCOME
Median Household Income	$78,016
Average Household Income	$104,336
% of Income for Mortgage⁴	30%
Per Capita Income	$51,367
Wealth Index⁵	111
Socioeconomic Status Index⁶	Moderate (60.7)

HOUSING
Total HU (Housing Units)	709 (100%)
Owner Occupied HU	519 (73.2%)
Renter Occupied HU	154 (21.7%)
Vacant Housing Units	36 ( 5.1%)
Median Home Value	$373,457
Average Home Value	$406,358
Housing Affordability Index³	77

HOUSEHOLDS
Total Households	673
Average Household Size	2.03
Family Households	407
Average Family Size	3.00

HOUSING

Total HU (Housing Units)

709 (100%)

Owner Occupied HU

519 (73.2%)

Renter Occupied HU

154 (21.7%)

Vacant Housing Units

36 ( 5.1%)

Median Home Value

$373,457

Average Home Value

$406,358

Housing Affordability Index³

HOUSEHOLDS

Total Households

673

Average Household Size

2.03

Family Households

407

Average Family Size

3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	0.65%	0.79%
Households	0.89%	1.19%
Families		1.11%
Median Household Income		2.51%
Per Capita Income		2.98%
Owner Occupied HU		1.31%

GROWTH RATE / YEAR

2020-2024

2024-2029

Population

0.65%

0.79%

Households

0.89%

1.19%

Families

1.11%

Median Household Income

2.51%

Per Capita Income

2.98%

Owner Occupied HU

1.31%

Elverson, PA - Peer Comparisons by Rank and Percentile

The table below compares Elverson to the other 2,002 incorporated cities, towns and CDPs in Pennsylvania by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description	Rank	Percentile
Total Population	# 836	58th
Population Density	# 953	52nd
Median Household Income	# 651	68th
Housing Affordability Index	# 326	16th
Per Capita Income	# 265	87th
Diversity Index	# 911	55th

Variable Description

Rank

Percentile

Total Population

# 836

58th

Population Density

# 953

52nd

Median Household Income

# 651

68th

Housing Affordability Index

# 326

16th

Per Capita Income

# 265

87th

Diversity Index

# 911

55th

Pennsylvania Census Data Comparison Tool

Elverson, PA Profile: Facts & Data

Elverson, Pennsylvania - Basic Facts

Elverson, PA Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Elverson, PA - Peer Comparisons by Rank and Percentile

Elverson, PA - Most Popular Things to Do

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Chester County