Cheswick, PA—15024
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Cheswick, PA
As of Oct '25, the median home price in Cheswick, PA is $242,000, with a year-over-year change of 2.6%. This indicates that home prices in Cheswick, PA are increasing. According to Zillow, the 1-year price projection is -0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $242,000 | 2.6% |
| Single Family | $242,000 | 2.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $173,000 | 2.4% |
3 Bed | $237,000 | 2.6% |
4 Bed | $439,000 | 2.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Cheswick, PA
As of July '25, Rentcast reports the average rent in Cheswick, PA is $2,060, with a year-over-year rent change of 40.1%. Per bedroom, the median rent as of July '25 in Cheswick, PA is 1-bedrooms: $950, 2-bedrooms: $2,170, 3-bedrooms: $2,000, 4-bedrooms: $2,050. The most common rental property sizes in Cheswick, PA are 2-bedroom and 3-bedroom, accounting for 42.5% and 35.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $2,060 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $950 | $950 |
| 2 Bed Rent | $1,200 | $2,170 |
| 3 Bed Rent | $2,000 | $2,000 |
| 4 Bed Rent | $1,500 | $2,050 |
% of Rental Stock
Property Listings — Cheswick, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Cheswick, PA is 34. This is a decrease of -13.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $243,000 | -40.0% |
Listing Count | 20 | 5.0% |
| Listings as % of Homes | 0.3% | 5.0% |
Days on Market | 34 | -13.0% |
Demographics — Cheswick, PA
As of the latest ACS Survey released in 2023, Cheswick, PA has a population of 9,190, which has increased by 6.0% over the past 5 years. Cheswick, PA is a moderately popular place for families, as children make up 16.4% of the population. The area has a moderately educated workforce, with 43.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,190 | 6.0% |
% Under 18 | 16.4% | -8.9% |
% Seniors | 21.5% | -7.3% |
% WFH | 18.9% | 243.6% |
% w/ College Degree | 43.8% | 40.8% |
As of the latest ACS Survey released in 2023, Cheswick, PA is a predominantly white area, with 91.7% of the population identifying as white. The white population has shrunk by 2.2% in the last 5 years. The second most common race or ethnicity in Cheswick, PA is asian, making up 3.3% of the population. Foreign-born residents account for 4.7% of the population in Cheswick, PA, and this percentage has increased by 46.9% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 91.7% | -2.2% |
% Black | 1.8% | 80.0% |
% Hispanic | 0.9% | -43.8% |
% Asian | 3.3% | 43.5% |
% Foreign Born | 4.7% | 46.9% |
Mortgage and Risk — Cheswick, PA
According to HUD data as of 2023, there were 177 mortgage originations in Cheswick, PA, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Cheswick, PA. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 177 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Cheswick, PA
As of 2024, the percent of homes in Cheswick, PA under the Section 8 program is 0.7%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Cheswick, PA, because HUD payments exceed market rent, while 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 6 |
Total Units Section 8 | 6 |
% Rentals under Section 8 | 0.7% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $180 | $950 | $1,130 |
| 2 Bedroom | $160 | $1,200 | $1,360 |
| 3 Bedroom | -$270 | $2,000 | $1,730 |
| 4 Bedroom | $370 | $1,500 | $1,870 |
Affordability — Cheswick, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $242,000 |
| Median Household Income | $85,600 |