Cherry Tree, PA—15724
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Cherry Tree, PA
As of Oct '25, the median home price in Cherry Tree, PA is $125,000, with a year-over-year change of 3.2%. This indicates that home prices in Cherry Tree, PA are increasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $125,000 | 3.2% |
| Single Family | $125,000 | 3.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $108,000 | 4.9% |
3 Bed | $154,000 | 4.1% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Cherry Tree, PA
Cherry Tree, PA lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Cherry Tree, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Cherry Tree, PA is 64. This is a increase of 321.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $49,000 | -74.0% |
Listing Count | 4 | 56.0% |
| Listings as % of Homes | N/A | 56.0% |
Days on Market | 64 | 321.0% |
Demographics — Cherry Tree, PA
As of the latest ACS Survey released in 2023, Cherry Tree, PA has a population of 2,070, which has decreased by -7.3% over the past 5 years. Cherry Tree, PA is a moderately popular place for families, as children make up 15.4% of the population. The area has a poorly educated workforce, with 9.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 0.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,070 | -7.3% |
% Under 18 | 15.4% | -8.9% |
% Seniors | 25.2% | 8.6% |
% WFH | 0.5% | -79.2% |
% w/ College Degree | 9.7% | -8.5% |
As of the latest ACS Survey released in 2023, Cherry Tree, PA is a predominantly white area, with 98.0% of the population identifying as white. The white population has shrunk by 0.4% in the last 5 years. The second most common race or ethnicity in Cherry Tree, PA is hispanic, making up 0.7% of the population. Foreign-born residents account for 0.0% of the population in Cherry Tree, PA, and this percentage has decreased by 100.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 98.0% | -0.4% |
% Black | 0.0% | -100.0% |
% Hispanic | 0.7% | 250.0% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.0% | -100.0% |
Mortgage and Risk — Cherry Tree, PA
According to HUD data as of 2023, there were 28 mortgage originations in Cherry Tree, PA, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Cherry Tree, 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 | 28 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 0.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Cherry Tree, PA
Cherry Tree, PA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | 0.9% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $780 |
| 2 Bedroom | N/A | N/A | $910 |
| 3 Bedroom | N/A | N/A | $1,230 |
| 4 Bedroom | N/A | N/A | $1,360 |
Affordability — Cherry Tree, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.9 |
| Median Home Price | $125,000 |
| Median Household Income | $65,600 |