Canonsburg, PA 15317 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Canonsburg, PA—15317

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$375,000

1.5% YoY Growth

Household Income

$108,000

24.6% YoY Growth

Days on Market

7.0% Longer YoY

Home Price Forecast

0.4%

Median Rent

$1,600

5.1% YoY Growth

1-Bed Rent

$950

22.3% YoY Growth

2-Bed Rent

$1,400

27.2% YoY Growth

3-Bed Rent

$1,880

6.1% YoY Growth

Home Price Trends — Canonsburg, PA

As of Dec '25, the median home price in Canonsburg, PA is $375,000, with a year-over-year change of 1.5%. This indicates that home prices in Canonsburg, PA are increasing. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$375,000	1.5%
Single Family	$380,000	1.6%
Condos	$309,000	0.7%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Canonsburg, PA

As of July '25, Rentcast reports the average rent in Canonsburg, PA is $1,660, with a year-over-year rent change of 5.1%. Per bedroom, the median rent as of July '25 in Canonsburg, PA is studios: $625, 1-bedrooms: $1,080, 2-bedrooms: $1,590, 3-bedrooms: $1,860, 4-bedrooms: $2,360. The most common rental property sizes in Canonsburg, PA are 2-bedroom and 1-bedroom, accounting for 45.9% and 29.4% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,600	$1,660
Studio Rent	$625	$625
1 Bed Rent	$950	$1,080
2 Bed Rent	$1,400	$1,590
3 Bed Rent	$1,880	$1,860
4 Bed Rent	$2,250	$2,360

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% of Rental Stock

Studio

1.3%

1 Bedroom

29.4%

2 Bedrooms

45.9%

3 Bedrooms

17.9%

4 Bedrooms

5.3%

5+ Bedrooms

0.3%

Property Listings — Canonsburg, PA

As of Dec '25, Realtor.com reports that the median days on market for a home in Canonsburg, PA is 59. This is a decrease of -1.0% 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	$387,000	0.0%
Listing Count	173	13.0%
Listings as % of Homes	0.6%	13.0%
Days on Market	78	7.0%

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Demographics — Canonsburg, PA

As of the latest ACS Survey released in 2023, Canonsburg, PA has a population of 43,800, which has increased by 13.6% over the past 5 years. Canonsburg, PA is a moderately popular place for families, as children make up 23.2% of the population. The area has a highly educated workforce, with 52.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.9% reporting working from home.

Metric	Latest Census	YoY % Change
Population	43,800	13.6%
% Under 18	23.2%	5.5%
% Seniors	18.8%	-1.1%
% WFH	20.9%	198.6%
% w/ College Degree	52.0%	8.8%

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As of the latest ACS Survey released in 2023, Canonsburg, PA is a predominantly white area, with 90.5% of the population identifying as white. The white population has shrunk by 1.1% in the last 5 years. The second most common race or ethnicity in Canonsburg, PA is asian, making up 2.9% of the population. Foreign-born residents account for 3.7% of the population in Canonsburg, PA, and this percentage has increased by 37.0% 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	90.5%	-1.1%
% Black	2.8%	-22.2%
% Hispanic	1.7%	-19.0%
% Asian	2.9%	123.1%
% Foreign Born	3.7%	37.0%

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Mortgage and Risk — Canonsburg, PA

According to HUD data as of 2023, there were 1328 mortgage originations in Canonsburg, PA, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Canonsburg, PA. Investor activity is low, as 3.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	1,328
% Conventional Loans	90.0%
% Government Loans	10.0%
% Investor Loans	3.0%
% Second Loans	1.0%
% Cash Out Refinance	6.0%

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Rentals and Section 8 — Canonsburg, PA

As of 2024, the percent of homes in Canonsburg, PA under the Section 8 program is 6.6%. 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 Canonsburg, PA, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	397
Total Units Section 8	229
% Rentals under Section 8	6.6%
% Occupied Section 8	86.4%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$280	$950	$1,230
2 Bedroom	$70	$1,400	$1,470
3 Bedroom	-$10	$1,880	$1,870
4 Bedroom	-$230	$2,250	$2,020

Canonsburg, PA—15317

Key Metrics at a Glance

Home Price Trends — Canonsburg, PA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Canonsburg, PA

% of Rental Stock

Property Listings — Canonsburg, PA

Demographics — Canonsburg, PA

Race and Ethnicity

Mortgage and Risk — Canonsburg, PA

Mortgages

Rentals and Section 8 — Canonsburg, PA

Section 8 Market Size

Section 8 Opportunity

Affordability — Canonsburg, PA

Home Price to Income Ratio

Canonsburg, PA — ZIP Code Boundary Map

Nearby ZIP Codes

Strabane, PA

Muse

Cecil-Bishop, PA

Lawrence, PA

Houston, PA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.2
Median Home Price	$375,000
Median Household Income	$108,000

Canonsburg, PA—15317

Key Metrics at a Glance

Home Price Trends — Canonsburg, PA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Canonsburg, PA

% of Rental Stock

Property Listings — Canonsburg, PA

Demographics — Canonsburg, PA

Race and Ethnicity

Mortgage and Risk — Canonsburg, PA

Mortgages

Rentals and Section 8 — Canonsburg, PA

Section 8 Market Size

Section 8 Opportunity

Affordability — Canonsburg, PA

Home Price to Income Ratio

Canonsburg, PA — ZIP Code Boundary Map

Nearby ZIP Codes

Strabane, PA

Muse

Cecil-Bishop, PA

Lawrence, PA

Houston, PA

Frequently Asked Questions

What is the average home price in Canonsburg, PA 15317?

How have home prices in Canonsburg, PA 15317 changed over the past year?

What is the home price projection for Canonsburg, PA 15317?

What are the demographics of Canonsburg, PA 15317?

How long does it take homes to sell in Canonsburg, PA 15317?

What is the average rent price in Canonsburg, PA 15317?