Monessen, PA—15062
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Monessen, PA
As of Oct '25, the median home price in Monessen, PA is $79,000, with a year-over-year change of 3.6%. This indicates that home prices in Monessen, PA are increasing. According to Zillow, the 1-year price projection is -0.8%, 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 | 3.6% |
| Single Family | $79,000 | 2.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $83,000 | -2.4% |
3 Bed | $129,000 | 4.9% |
4 Bed | $126,000 | 2.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Monessen, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Monessen, PA is 63. This is a increase of 43.0% 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 13.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $69,900 | -17.0% |
Listing Count | 46 | 7.0% |
| Listings as % of Homes | 1.1% | 7.0% |
Days on Market | 63 | 43.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Monessen, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.2 |
| Median Home Price | $79,000 |
| Median Household Income | $51,100 |