HousingHandbookReference data

U.S. ZIP Code · PA19040

Montgomery County · Philadelphia-Camden-Wilmington, PA-NJ-DE-MD

Typical home value

$445,216[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+1.4%
5-year / yr
+4.2%
10-year / yr
+4.8%

Relative price

vs U.S.
+56.7%
vs metro
+11.2%
vs state
+90.7%
ZIP 19040 location in PA
Location of ZIP 19040 in PA

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 19040 is worth $445,216 — 11.2% above the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD median. Over the past year, values have risen 1.4%. The effective property tax rate is 1.4%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
1.4%[3]
Typical annual tax
$6,054[3]

#Climate risk

FEMA National Risk Index ratings for Montgomery County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Relatively High[4]
Riverine flood
Relatively High
Coastal flood
No Rating
Wildfire
Very Low
Drought
Relatively Low
Heat wave
Relatively High
Hurricane
Relatively Moderate
Tornado
Relatively High
Earthquake
Relatively Moderate
Winter weather
Very High

#Who lives here

Population
22,078[3]
Median household income
$114,293[3]

#Migration

Household moves in and out of Montgomery County over a year, from IRS tax-return data.

Net migration
-354[5]
Moved in
22,400
Moved out
22,754

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
4
Elementary
3
Middle
1
High
0
  • Upper Moreland El Sch

    Elementary · Grades K–5 · Upper Moreland Township SD

    1,633 students

  • Upper Moreland MS

    Middle · Grades 6–8 · Upper Moreland Township SD

    819 students

  • Crooked Billet El Sch

    Elementary · Grades K–5 · Hatboro-Horsham SD

    451 students

  • Blair Mill Elementary

    Elementary · Grades K–5 · Hatboro-Horsham SD

    392 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield
Net yield (after ~40% expenses)
Annual rent

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$2,251
Loan principal$356,173
Down payment$89,043
Total interest paid$454,279

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio
Monthly cost to own$3,127
Monthly rent

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
15th percentile[1]
Rental yield
[2]
Property tax
51st percentile[3]

Frequently asked

How much is a home worth in ZIP code 19040?
The typical home in 19040 is worth $445,216, based on the Zillow Home Value Index.
Are home values rising in 19040?
Home values in 19040 are up 1.4% over the past year, and up 4.2% a year over five years.
What is the property tax rate in 19040?
The effective property tax rate in 19040 is 1.4% — roughly $6,054 a year on a typical home.
Who lives in 19040?
ZIP code 19040 has a population of 22,078 and a median household income of $114,293.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

  • Quakertown, PA

    Typical home
    $445,137
    Gross yield
    5.1%
  • Cookstown CDP, NJ

    Typical home
    $445,107
    Gross yield
  • Levittown CDP, PA

    Typical home
    $445,447
    Gross yield
    5.0%
  • Horsham CDP, PA

    Typical home
    $441,132
    Gross yield
    4.6%
  • Sewell CDP, NJ

    Typical home
    $439,863
    Gross yield
    6.8%
  • Philadelphia, PA

    Typical home
    $439,394
    Gross yield
    5.3%

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