Cheswick, PA 15024 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Cheswick, PA—15024

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$253,000

1.0% YoY Growth

Household Income

$85,600

26.9% YoY Growth

Days on Market

40.0% Shorter YoY

Home Price Forecast

-1.0%

Median Rent

$1,400

40.1% YoY Growth

1-Bed Rent

$950

40.7% YoY Growth

2-Bed Rent

$1,200

102.8% YoY Growth

3-Bed Rent

$2,000

48.1% YoY Growth

Home Price Trends — Cheswick, PA

As of May '26, the median home price in Cheswick, PA is $253,000, with a year-over-year change of 1.0%. This indicates that home prices in Cheswick, PA are flat. According to Zillow, the 1-year price projection is -1.0%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$253,000	1.0%
Single Family	$254,000	0.8%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

1 Bedroom

18.7%

2 Bedrooms

42.5%

3 Bedrooms

35.9%

4 Bedrooms

2.1%

5+ Bedrooms

0.8%

Property Listings — Cheswick, PA

As of May '26, Realtor.com reports that the median days on market for a home in Cheswick, PA is 31. This is a decrease of -40.0% 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 35.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$289,000	35.0%
Listing Count	34	1.0%
Listings as % of Homes	0.3%	1.0%
Days on Market	31	-40.0%

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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%

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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%

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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%

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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

Cheswick, PA—15024

Key Metrics at a Glance

Home Price Trends — Cheswick, PA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Cheswick, PA

% of Rental Stock

Property Listings — Cheswick, PA

Demographics — Cheswick, PA

Race and Ethnicity

Mortgage and Risk — Cheswick, PA

Mortgages

Rentals and Section 8 — Cheswick, PA

Section 8 Market Size

Section 8 Opportunity

Affordability — Cheswick, PA

Home Price to Income Ratio

Cheswick, PA — ZIP Code Boundary Map

Nearby ZIP Codes

Indianola, PA

Russellton, PA

Harwick, PA

Fox Chapel, Pittsburgh, PA

Oakmont, PA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.6
Median Home Price	$253,000
Median Household Income	$85,600

Cheswick, PA—15024

Key Metrics at a Glance

Home Price Trends — Cheswick, PA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Cheswick, PA

% of Rental Stock

Property Listings — Cheswick, PA

Demographics — Cheswick, PA

Race and Ethnicity

Mortgage and Risk — Cheswick, PA

Mortgages

Rentals and Section 8 — Cheswick, PA

Section 8 Market Size

Section 8 Opportunity

Affordability — Cheswick, PA

Home Price to Income Ratio

Cheswick, PA — ZIP Code Boundary Map

Nearby ZIP Codes

Indianola, PA

Russellton, PA

Harwick, PA

Fox Chapel, Pittsburgh, PA

Oakmont, PA

Frequently Asked Questions

What is the average home price in Cheswick, PA 15024?

How have home prices in Cheswick, PA 15024 changed over the past year?

What is the home price projection for Cheswick, PA 15024?

What are the demographics of Cheswick, PA 15024?

How long does it take homes to sell in Cheswick, PA 15024?

What is the average rent price in Cheswick, PA 15024?