Greensburg, PA 15601 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Greensburg, PA—15601

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$239,000

0.7% YoY Growth

Household Income

$75,400

29.8% YoY Growth

Days on Market

1.0% Longer YoY

Home Price Forecast

0.6%

Median Rent

$1,100

11.2% YoY Growth

1-Bed Rent

$800

8.0% YoY Growth

2-Bed Rent

$1,150

4.3% YoY Growth

3-Bed Rent

$1,480

15.2% YoY Growth

Home Price Trends — Greensburg, PA

As of Dec '25, the median home price in Greensburg, PA is $239,000, with a year-over-year change of 0.7%. This indicates that home prices in Greensburg, PA are flat. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$239,000	0.7%
Single Family	$236,000	0.9%
Condos	$306,000	0.7%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Greensburg, PA

As of July '25, Rentcast reports the average rent in Greensburg, PA is $1,190, with a year-over-year rent change of 11.2%. Per bedroom, the median rent as of July '25 in Greensburg, PA is studios: $635, 1-bedrooms: $812, 2-bedrooms: $1,120, 3-bedrooms: $1,520, 4-bedrooms: $1,650. The most common rental property sizes in Greensburg, PA are 2-bedroom and 1-bedroom, accounting for 46.2% and 31.5% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,100	$1,190
Studio Rent	$395	$635
1 Bed Rent	$800	$812
2 Bed Rent	$1,150	$1,120
3 Bed Rent	$1,480	$1,520
4 Bed Rent	$1,500	$1,650

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% of Rental Stock

Studio

2.8%

1 Bedroom

31.5%

2 Bedrooms

46.2%

3 Bedrooms

14.9%

4 Bedrooms

3.3%

5+ Bedrooms

1.3%

Property Listings — Greensburg, PA

As of Dec '25, Realtor.com reports that the median days on market for a home in Greensburg, PA is 52. 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 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	$277,000	13.0%
Listing Count	134	-10.0%
Listings as % of Homes	0.5%	-10.0%
Days on Market	59	1.0%

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Demographics — Greensburg, PA

As of the latest ACS Survey released in 2023, Greensburg, PA has a population of 55,700, which has decreased by -3.9% over the past 5 years. Greensburg, PA is a moderately popular place for families, as children make up 16.8% of the population. The area has a moderately educated workforce, with 39.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.2% reporting working from home.

Metric	Latest Census	YoY % Change
Population	55,700	-3.9%
% Under 18	16.8%	1.8%
% Seniors	25.1%	7.3%
% WFH	10.2%	200.0%
% w/ College Degree	39.7%	16.1%

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As of the latest ACS Survey released in 2023, Greensburg, PA is a predominantly white area, with 92.5% of the population identifying as white. The white population has shrunk by 1.3% in the last 5 years. The second most common race or ethnicity in Greensburg, PA is black, making up 2.3% of the population. Foreign-born residents account for 2.0% of the population in Greensburg, PA, and this percentage has increased by 5.3% 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	92.5%	-1.3%
% Black	2.3%	-14.8%
% Hispanic	1.7%	54.5%
% Asian	1.1%	22.2%
% Foreign Born	2.0%	5.3%

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Mortgage and Risk — Greensburg, PA

According to HUD data as of 2023, there were 1089 mortgage originations in Greensburg, PA, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Greensburg, PA. Investor activity is low, as 0.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	1,089
% Conventional Loans	85.0%
% Government Loans	15.0%
% Investor Loans	0.0%
% Second Loans	1.0%
% Cash Out Refinance	7.0%

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Rentals and Section 8 — Greensburg, PA

As of 2024, the percent of homes in Greensburg, PA under the Section 8 program is 20.9%. 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 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Greensburg, PA, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom units do not.

Section 8 Market Size

Total Units under HUD	1,326
Total Units Section 8	1,317
% Rentals under Section 8	20.9%
% Occupied Section 8	88.7%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$140	$800	$940
2 Bedroom	-$20	$1,150	$1,130
3 Bedroom	-$40	$1,480	$1,440
4 Bedroom	$50	$1,500	$1,550

Greensburg, PA—15601

Key Metrics at a Glance

Home Price Trends — Greensburg, PA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Greensburg, PA

% of Rental Stock

Property Listings — Greensburg, PA

Demographics — Greensburg, PA

Race and Ethnicity

Mortgage and Risk — Greensburg, PA

Mortgages

Rentals and Section 8 — Greensburg, PA

Section 8 Market Size

Section 8 Opportunity

Affordability — Greensburg, PA

Home Price to Income Ratio

Greensburg, PA — ZIP Code Boundary Map

Nearby ZIP Codes

Bovard

Forbes Road

Hannastown

Luxor

Grapeville, PA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3
Median Home Price	$239,000
Median Household Income	$75,400

Greensburg, PA—15601

Key Metrics at a Glance

Home Price Trends — Greensburg, PA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Greensburg, PA

% of Rental Stock

Property Listings — Greensburg, PA

Demographics — Greensburg, PA

Race and Ethnicity

Mortgage and Risk — Greensburg, PA

Mortgages

Rentals and Section 8 — Greensburg, PA

Section 8 Market Size

Section 8 Opportunity

Affordability — Greensburg, PA

Home Price to Income Ratio

Greensburg, PA — ZIP Code Boundary Map

Nearby ZIP Codes

Bovard

Forbes Road

Hannastown

Luxor

Grapeville, PA

Frequently Asked Questions

What is the average home price in Greensburg, PA 15601?

How have home prices in Greensburg, PA 15601 changed over the past year?

What is the home price projection for Greensburg, PA 15601?

What are the demographics of Greensburg, PA 15601?

How long does it take homes to sell in Greensburg, PA 15601?

What is the average rent price in Greensburg, PA 15601?