Monessen, PA 15062 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Monessen, PA—15062

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$79,000

2.3% YoY Growth

Household Income

$51,100

25.9% YoY Growth

Days on Market

26.0% Longer YoY

Home Price Forecast

0.7%

Median Rent

$995

16.2% YoY Growth

1-Bed Rent

$695

N/A

2-Bed Rent

$995

8.1% YoY Growth

3-Bed Rent

$1,200

9.1% YoY Growth

Home Price Trends — Monessen, PA

As of Dec '25, the median home price in Monessen, PA is $79,000, with a year-over-year change of 2.3%. This indicates that home prices in Monessen, 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	$79,000	2.3%
Single Family	$79,000	0.0%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Monessen, PA

As of July '25, Rentcast reports the average rent in Monessen, PA is $913, with a year-over-year rent change of -16.2%. Per bedroom, the median rent as of July '25 in Monessen, PA is 1-bedrooms: $695, 2-bedrooms: $890, 3-bedrooms: $1,200. The most common rental property sizes in Monessen, PA are 2-bedroom and 3-bedroom, accounting for 47.2% and 28.3% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$995	$913
Studio Rent	N/A	N/A
1 Bed Rent	$695	$695
2 Bed Rent	$995	$890
3 Bed Rent	$1,200	$1,200
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

9.7%

1 Bedroom

12.1%

2 Bedrooms

47.2%

3 Bedrooms

28.3%

4 Bedrooms

2.7%

Property Listings — Monessen, PA

As of Dec '25, Realtor.com reports that the median days on market for a home in Monessen, PA is 52. This is a increase of 34.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 18.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$75,000	-38.0%
Listing Count	45	-6.0%
Listings as % of Homes	1.1%	-6.0%
Days on Market	75	26.0%

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Demographics — Monessen, PA

As of the latest ACS Survey released in 2023, Monessen, PA has a population of 6,820, which has decreased by -7.7% over the past 5 years. Monessen, PA is a moderately popular place for families, as children make up 19.5% of the population. The area has a moderately educated workforce, with 25.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.7% reporting working from home.

Metric	Latest Census	YoY % Change
Population	6,820	-7.7%
% Under 18	19.5%	8.9%
% Seniors	24.1%	5.2%
% WFH	8.7%	135.1%
% w/ College Degree	25.0%	14.7%

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As of the latest ACS Survey released in 2023, Monessen, PA is a predominantly white area, with 72.2% of the population identifying as white. The white population has shrunk by 8.7% in the last 5 years. The second most common race or ethnicity in Monessen, PA is black, making up 18.6% of the population. Foreign-born residents account for 1.4% of the population in Monessen, PA, and this percentage has increased by 55.6% 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	72.2%	-8.7%
% Black	18.6%	66.1%
% Hispanic	2.1%	-8.7%
% Asian	0.3%	-57.1%
% Foreign Born	1.4%	55.6%

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Mortgage and Risk — Monessen, PA

According to HUD data as of 2023, there were 130 mortgage originations in Monessen, PA, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 78.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Monessen, PA. Investor activity is low, as 2.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	130
% Conventional Loans	70.0%
% Government Loans	30.0%
% Investor Loans	2.0%
% Second Loans	3.0%
% Cash Out Refinance	8.0%

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Rentals and Section 8 — Monessen, PA

Monessen, PA lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	365
Total Units Section 8	63
% Rentals under Section 8	8.2%
% Occupied Section 8	82.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$205	$695	$900
2 Bedroom	$85	$995	$1,080
3 Bedroom	$180	$1,200	$1,380
4 Bedroom	N/A	N/A	$1,480

Monessen, PA—15062

Key Metrics at a Glance

Home Price Trends — Monessen, PA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Monessen, PA

% of Rental Stock

Property Listings — Monessen, PA

Demographics — Monessen, PA

Race and Ethnicity

Mortgage and Risk — Monessen, PA

Mortgages

Rentals and Section 8 — Monessen, PA

Section 8 Market Size

Section 8 Opportunity

Affordability — Monessen, PA

Home Price to Income Ratio

Monessen, PA — ZIP Code Boundary Map

Nearby ZIP Codes

Donora, PA

Dunlevy

Charleroi, PA

Monongahela, PA

Allenport

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	1.3
Median Home Price	$79,000
Median Household Income	$51,100

Monessen, PA—15062

Key Metrics at a Glance

Home Price Trends — Monessen, PA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Monessen, PA

% of Rental Stock

Property Listings — Monessen, PA

Demographics — Monessen, PA

Race and Ethnicity

Mortgage and Risk — Monessen, PA

Mortgages

Rentals and Section 8 — Monessen, PA

Section 8 Market Size

Section 8 Opportunity

Affordability — Monessen, PA

Home Price to Income Ratio

Monessen, PA — ZIP Code Boundary Map

Nearby ZIP Codes

Donora, PA

Dunlevy

Charleroi, PA

Monongahela, PA

Allenport

Frequently Asked Questions

What is the average home price in Monessen, PA 15062?

How have home prices in Monessen, PA 15062 changed over the past year?

What is the home price projection for Monessen, PA 15062?

What are the demographics of Monessen, PA 15062?

How long does it take homes to sell in Monessen, PA 15062?

What is the average rent price in Monessen, PA 15062?