Greensburg, PA—15601
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Greensburg, PA
As of Oct '25, the median home price in Greensburg, PA is $238,000, with a year-over-year change of 0.9%. This indicates that home prices in Greensburg, PA are flat. According to Zillow, the 1-year price projection is -0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $238,000 | 0.9% |
| Single Family | $235,000 | 0.4% |
| Condos | $294,000 | 0.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $175,000 | -0.6% |
3 Bed | $248,000 | 1.6% |
4 Bed | $372,000 | 1.6% |
| 5 Bed | $422,000 | 1.9% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Greensburg, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Greensburg, PA is 39. This is a decrease of -7.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $279,000 | 12.0% |
Listing Count | 166 | -6.0% |
| Listings as % of Homes | 0.5% | -6.0% |
Days on Market | 39 | -7.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Greensburg, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $238,000 |
| Median Household Income | $75,400 |