Canonsburg, PA—15317
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Canonsburg, PA
As of Oct '25, the median home price in Canonsburg, PA is $374,000, with a year-over-year change of 1.3%. This indicates that home prices in Canonsburg, PA are increasing. According to Zillow, the 1-year price projection is -0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $374,000 | 1.3% |
| Single Family | $380,000 | 1.6% |
| Condos | $311,000 | 0.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $120,000 | 0.0% |
2 Bed | $211,000 | 1.9% |
3 Bed | $320,000 | 1.3% |
4 Bed | $503,000 | 1.8% |
| 5 Bed | $671,000 | 1.2% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Canonsburg, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Canonsburg, PA is 51. This is a increase of 2.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $397,000 | 3.0% |
Listing Count | 195 | 14.0% |
| Listings as % of Homes | 0.6% | 14.0% |
Days on Market | 51 | 2.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Canonsburg, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $374,000 |
| Median Household Income | $108,000 |