Homer City, PA—15748
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Homer City, PA
As of Oct '25, the median home price in Homer City, PA is $141,000, with a year-over-year change of 4.8%. This indicates that home prices in Homer City, PA are increasing. According to Zillow, the 1-year price projection is -0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $141,000 | 4.8% |
| Single Family | $142,000 | 5.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $113,000 | 2.7% |
3 Bed | $158,000 | 6.0% |
4 Bed | $173,000 | 4.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Homer City, PA
As of July '25, Rentcast reports the average rent in Homer City, PA is $895, with a year-over-year rent change of 10.8%. Per bedroom, the median rent as of July '25 in Homer City, PA is 2-bedrooms: $895. The most common rental property sizes in Homer City, PA are 2-bedroom and 3-bedroom, accounting for 58.3% and 18.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $895 | $895 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $895 | $895 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Homer City, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Homer City, PA is 46. This is a increase of 26.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $160,000 | 0.0% |
Listing Count | 12 | 19.0% |
| Listings as % of Homes | 0.1% | 19.0% |
Days on Market | 46 | 26.0% |
Demographics — Homer City, PA
As of the latest ACS Survey released in 2023, Homer City, PA has a population of 7,150, which has increased by 6.8% over the past 5 years. Homer City, PA is a moderately popular place for families, as children make up 18.5% of the population. The area has a moderately educated workforce, with 25.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,150 | 6.8% |
% Under 18 | 18.5% | -11.5% |
% Seniors | 22.2% | 12.7% |
% WFH | 7.8% | 333.3% |
% w/ College Degree | 25.7% | 34.6% |
As of the latest ACS Survey released in 2023, Homer City, PA is a predominantly white area, with 94.3% of the population identifying as white. The white population has shrunk by 4.2% in the last 5 years. The second most common race or ethnicity in Homer City, PA is hispanic, making up 4.1% of the population. Foreign-born residents account for 1.9% of the population in Homer City, PA, and this percentage has increased by 280.0% 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 | 94.3% | -4.2% |
% Black | 0.1% | 0.0% |
% Hispanic | 4.1% | 1,950.0% |
% Asian | 0.4% | 0.0% |
% Foreign Born | 1.9% | 280.0% |
Mortgage and Risk — Homer City, PA
According to HUD data as of 2023, there were 137 mortgage originations in Homer City, PA, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Homer City, PA. Investor activity is low, as 2.0% 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 | 137 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Homer City, PA
Homer City, PA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 43 |
Total Units Section 8 | 43 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 78.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $800 |
| 2 Bedroom | $15 | $895 | $910 |
| 3 Bedroom | N/A | N/A | $1,230 |
| 4 Bedroom | N/A | N/A | $1,390 |
Affordability — Homer City, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.9 |
| Median Home Price | $141,000 |
| Median Household Income | $65,500 |