Crafton, PA—15205
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Crafton, PA
As of Oct '25, the median home price in Crafton, PA is $200,000, with a year-over-year change of 0.8%. This indicates that home prices in Crafton, PA are flat. According to Zillow, the 1-year price projection is -1.1%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $200,000 | 0.8% |
| Single Family | $205,000 | 1.0% |
| Condos | $174,000 | 1.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $138,000 | 2.2% |
2 Bed | $167,000 | -0.6% |
3 Bed | $205,000 | 1.5% |
4 Bed | $293,000 | 2.4% |
| 5 Bed | $334,000 | 2.1% |
% of Housing Stock
Rental Trends — Crafton, PA
As of July '25, Rentcast reports the average rent in Crafton, PA is $1,330, with a year-over-year rent change of 13.7%. Per bedroom, the median rent as of July '25 in Crafton, PA is studios: $675, 1-bedrooms: $1,160, 2-bedrooms: $1,240, 3-bedrooms: $1,360, 4-bedrooms: $3,000. The most common rental property sizes in Crafton, PA are 2-bedroom and 1-bedroom, accounting for 45.0% and 33.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,140 | $1,330 |
| Studio Rent | $675 | $675 |
| 1 Bed Rent | $1,100 | $1,160 |
| 2 Bed Rent | $1,100 | $1,240 |
| 3 Bed Rent | $1,300 | $1,360 |
| 4 Bed Rent | $2,800 | $3,000 |
% of Rental Stock
Property Listings — Crafton, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Crafton, PA is 38. This is a decrease of 0.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $249,000 | 8.0% |
Listing Count | 81 | 2.0% |
| Listings as % of Homes | 0.5% | 2.0% |
Days on Market | 38 | 0.0% |
Demographics — Crafton, PA
As of the latest ACS Survey released in 2023, Crafton, PA has a population of 24,100, which has increased by 8.1% over the past 5 years. Crafton, PA is a moderately popular place for families, as children make up 19.0% of the population. The area has a moderately educated workforce, with 40.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 24,100 | 8.1% |
% Under 18 | 19.0% | 1.6% |
% Seniors | 16.6% | 16.9% |
% WFH | 15.2% | 270.7% |
% w/ College Degree | 40.2% | 9.5% |
As of the latest ACS Survey released in 2023, Crafton, PA is a predominantly white area, with 74.7% 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 Crafton, PA is black, making up 12.3% of the population. Foreign-born residents account for 7.0% of the population in Crafton, PA, and this percentage has decreased by 1.4% 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 | 74.7% | -8.7% |
% Black | 12.3% | 12.8% |
% Hispanic | 4.3% | 138.9% |
% Asian | 4.9% | 44.1% |
% Foreign Born | 7.0% | -1.4% |
Mortgage and Risk — Crafton, PA
According to HUD data as of 2023, there were 511 mortgage originations in Crafton, PA, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Crafton, PA. Investor activity is low, as 3.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 511 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Crafton, PA
As of 2024, the percent of homes in Crafton, PA under the Section 8 program is 13.2%. 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 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Crafton, PA, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 831 |
Total Units Section 8 | 826 |
% Rentals under Section 8 | 13.2% |
% Occupied Section 8 | 78.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $150 | $1,100 | $1,250 |
| 2 Bedroom | $400 | $1,100 | $1,500 |
| 3 Bedroom | $610 | $1,300 | $1,910 |
| 4 Bedroom | -$740 | $2,800 | $2,060 |
Affordability — Crafton, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $200,000 |
| Median Household Income | $71,000 |