South Park, PA—15129
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — South Park, PA
As of Oct '25, the median home price in South Park, PA is $268,000, with a year-over-year change of 2.3%. This indicates that home prices in South Park, PA are increasing. 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 | $268,000 | 2.3% |
| Single Family | $273,000 | 2.6% |
| Condos | $205,000 | 4.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $181,000 | 3.4% |
3 Bed | $260,000 | 2.8% |
4 Bed | $373,000 | 3.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — South Park, PA
As of July '25, Rentcast reports the average rent in South Park, PA is $1,620, with a year-over-year rent change of 23.7%. Per bedroom, the median rent as of July '25 in South Park, PA is 1-bedrooms: $1,150, 2-bedrooms: $1,320, 3-bedrooms: $2,180, 4-bedrooms: $3,300. The most common rental property sizes in South Park, PA are 2-bedroom and 1-bedroom, accounting for 54.2% and 22.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,460 | $1,620 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,130 | $1,150 |
| 2 Bed Rent | $1,500 | $1,320 |
| 3 Bed Rent | $2,000 | $2,180 |
| 4 Bed Rent | $3,300 | $3,300 |
% of Rental Stock
Property Listings — South Park, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in South Park, PA is 39. This is a increase of 15.0% 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 36.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $316,000 | 10.0% |
Listing Count | 45 | 54.0% |
| Listings as % of Homes | 0.5% | 54.0% |
Days on Market | 39 | 15.0% |
Demographics — South Park, PA
As of the latest ACS Survey released in 2023, South Park, PA has a population of 10,600, which has increased by 1.2% over the past 5 years. South Park, PA is a moderately popular place for families, as children make up 20.2% of the population. The area has a moderately educated workforce, with 41.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,600 | 1.2% |
% Under 18 | 20.2% | 0.0% |
% Seniors | 21.6% | 17.4% |
% WFH | 19.2% | 231.0% |
% w/ College Degree | 41.8% | 8.6% |
As of the latest ACS Survey released in 2023, South Park, PA is a predominantly white area, with 91.5% of the population identifying as white. The white population has grown by 1.9% in the last 5 years. The second most common race or ethnicity in South Park, PA is black, making up 2.5% of the population. Foreign-born residents account for 2.8% of the population in South Park, PA, and this percentage has decreased by 37.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 91.5% | 1.9% |
% Black | 2.5% | -19.4% |
% Hispanic | 0.6% | -71.4% |
% Asian | 1.8% | -43.8% |
% Foreign Born | 2.8% | -37.8% |
Mortgage and Risk — South Park, PA
According to HUD data as of 2023, there were 205 mortgage originations in South Park, PA, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in South Park, PA. Investor activity is low, as 0.0% 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 | 205 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — South Park, PA
As of 2024, the percent of homes in South Park, PA under the Section 8 program is 12.6%. 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 units appear to be good home sizes to consider for Section 8 housing in South Park, PA, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 148 |
Total Units Section 8 | 148 |
% Rentals under Section 8 | 12.6% |
% Occupied Section 8 | 83.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $150 | $1,130 | $1,280 |
| 2 Bedroom | $40 | $1,500 | $1,540 |
| 3 Bedroom | -$40 | $2,000 | $1,960 |
| 4 Bedroom | -$1,180 | $3,300 | $2,120 |
Affordability — South Park, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $268,000 |
| Median Household Income | $90,800 |