Verona, PA—15147
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Verona, PA
As of Oct '25, the median home price in Verona, PA is $165,000, with a year-over-year change of 2.4%. This indicates that home prices in Verona, PA are increasing. According to Zillow, the 1-year price projection is -1.3%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $165,000 | 2.4% |
| Single Family | $165,000 | 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 | $131,000 | 3.1% |
3 Bed | $171,000 | 3.0% |
4 Bed | $209,000 | 4.5% |
| 5 Bed | $230,000 | 0.4% |
% of Housing Stock
Rental Trends — Verona, PA
As of July '25, Rentcast reports the average rent in Verona, PA is $1,710, with a year-over-year rent change of 33.6%. Per bedroom, the median rent as of July '25 in Verona, PA is 1-bedrooms: $5,480, 2-bedrooms: $1,060, 3-bedrooms: $1,510, 4-bedrooms: $1,570. The most common rental property sizes in Verona, PA are 1-bedroom and 3-bedroom, accounting for 36.0% and 30.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,710 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $950 | $5,480 |
| 2 Bed Rent | $970 | $1,060 |
| 3 Bed Rent | $1,600 | $1,510 |
| 4 Bed Rent | $1,500 | $1,570 |
% of Rental Stock
Property Listings — Verona, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Verona, PA is 40. This is a decrease of -4.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $214,000 | 3.0% |
Listing Count | 72 | 31.0% |
| Listings as % of Homes | 0.6% | 31.0% |
Days on Market | 40 | -4.0% |
Demographics — Verona, PA
As of the latest ACS Survey released in 2023, Verona, PA has a population of 16,600, which has decreased by -3.9% over the past 5 years. Verona, PA is a moderately popular place for families, as children make up 18.3% of the population. The area has a moderately educated workforce, with 31.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,600 | -3.9% |
% Under 18 | 18.3% | 15.8% |
% Seniors | 26.7% | 9.4% |
% WFH | 8.4% | 104.9% |
% w/ College Degree | 31.0% | 7.3% |
As of the latest ACS Survey released in 2023, Verona, PA is a predominantly white area, with 69.2% of the population identifying as white. The white population has shrunk by 6.5% in the last 5 years. The second most common race or ethnicity in Verona, PA is black, making up 20.8% of the population. Foreign-born residents account for 3.0% of the population in Verona, PA, and this percentage has increased by 50.0% 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 | 69.2% | -6.5% |
% Black | 20.8% | 10.1% |
% Hispanic | 4.2% | 500.0% |
% Asian | 0.4% | -20.0% |
% Foreign Born | 3.0% | 50.0% |
Mortgage and Risk — Verona, PA
According to HUD data as of 2023, there were 292 mortgage originations in Verona, PA, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Verona, 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 | 292 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Verona, PA
As of 2024, the percent of homes in Verona, PA under the Section 8 program is 15.4%. This is considered high, suggesting that the neighborhood is heavily 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 Verona, PA, because HUD payments exceed market rent, while 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 610 |
Total Units Section 8 | 501 |
% Rentals under Section 8 | 15.4% |
% Occupied Section 8 | 93.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $30 | $950 | $980 |
| 2 Bedroom | $210 | $970 | $1,180 |
| 3 Bedroom | -$100 | $1,600 | $1,500 |
| 4 Bedroom | $120 | $1,500 | $1,620 |
Affordability — Verona, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.3 |
| Median Home Price | $165,000 |
| Median Household Income | $64,500 |