Irwin, PA—15642
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Irwin, PA
As of Oct '25, the median home price in Irwin, PA is $252,000, with a year-over-year change of 2.6%. This indicates that home prices in Irwin, PA are increasing. According to Zillow, the 1-year price projection is 0.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $252,000 | 2.6% |
| Single Family | $252,000 | 2.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $177,000 | 2.9% |
3 Bed | $258,000 | 4.0% |
4 Bed | $422,000 | 2.7% |
| 5 Bed | $510,000 | 2.6% |
% of Housing Stock
Rental Trends — Irwin, PA
As of July '25, Rentcast reports the average rent in Irwin, PA is $1,390, with a year-over-year rent change of -7.3%. Per bedroom, the median rent as of July '25 in Irwin, PA is 1-bedrooms: $755, 2-bedrooms: $1,070, 3-bedrooms: $1,860, 4-bedrooms: $1,750. The most common rental property sizes in Irwin, PA are 2-bedroom and 3-bedroom, accounting for 48.6% and 22.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,390 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $825 | $755 |
| 2 Bed Rent | $990 | $1,070 |
| 3 Bed Rent | $1,840 | $1,860 |
| 4 Bed Rent | $1,400 | $1,750 |
% of Rental Stock
Property Listings — Irwin, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Irwin, PA is 37. This is a decrease of -10.0% 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 35.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $291,000 | -9.0% |
Listing Count | 156 | 44.0% |
| Listings as % of Homes | 0.4% | 44.0% |
Days on Market | 37 | -10.0% |
Demographics — Irwin, PA
As of the latest ACS Survey released in 2023, Irwin, PA has a population of 46,700, which has increased by 6.1% over the past 5 years. Irwin, PA is a moderately popular place for families, as children make up 21.6% of the population. The area has a moderately educated workforce, with 41.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 46,700 | 6.1% |
% Under 18 | 21.6% | 5.4% |
% Seniors | 20.7% | 6.7% |
% WFH | 16.1% | 209.6% |
% w/ College Degree | 41.1% | 15.8% |
As of the latest ACS Survey released in 2023, Irwin, PA is a predominantly white area, with 93.7% of the population identifying as white. The white population has shrunk by 3.1% in the last 5 years. The second most common race or ethnicity in Irwin, PA is hispanic, making up 1.7% of the population. Foreign-born residents account for 1.7% of the population in Irwin, PA, and this percentage has increased by 41.7% 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 | 93.7% | -3.1% |
% Black | 0.7% | -36.4% |
% Hispanic | 1.7% | 142.9% |
% Asian | 0.9% | 50.0% |
% Foreign Born | 1.7% | 41.7% |
Mortgage and Risk — Irwin, PA
According to HUD data as of 2023, there were 1219 mortgage originations in Irwin, PA, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Irwin, PA. Investor activity is low, as 1.0% 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 | 1,219 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Irwin, PA
As of 2024, the percent of homes in Irwin, 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 and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Irwin, PA, because HUD payments exceed market rent, while 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 411 |
Total Units Section 8 | 204 |
% Rentals under Section 8 | 6.6% |
% Occupied Section 8 | 82.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $165 | $825 | $990 |
| 2 Bedroom | $200 | $990 | $1,190 |
| 3 Bedroom | -$320 | $1,840 | $1,520 |
| 4 Bedroom | $230 | $1,400 | $1,630 |
Affordability — Irwin, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $252,000 |
| Median Household Income | $93,000 |