Penfield, PA—15849
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Penfield, PA
As of Oct '25, the median home price in Penfield, PA is $100,000, with a year-over-year change of -1.0%. This indicates that home prices in Penfield, PA are flat. According to Zillow, the 1-year price projection is -5.6%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $100,000 | -1.0% |
| Single Family | $100,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Penfield, PA
Penfield, 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 — Penfield, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Penfield, PA is 72. This is a decrease of -72.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $122,000 | 9.0% |
Listing Count | 5 | -17.0% |
| Listings as % of Homes | 0.4% | -17.0% |
Days on Market | 72 | -72.0% |
Demographics — Penfield, PA
As of the latest ACS Survey released in 2023, Penfield, PA has a population of 1,280, which has remained stable by 0.3% over the past 5 years. Penfield, PA is a moderately popular place for families, as children make up 21.8% of the population. The area has a poorly educated workforce, with 9.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,280 | 0.3% |
% Under 18 | 21.8% | -2.2% |
% Seniors | 25.0% | 35.9% |
% WFH | 13.9% | 2,216.7% |
% w/ College Degree | 9.1% | 21.3% |
As of the latest ACS Survey released in 2023, Penfield, PA is a predominantly white area, with 95.3% of the population identifying as white. The white population has shrunk by 2.6% in the last 5 years. The second most common race or ethnicity in Penfield, PA is asian, making up 1.2% of the population. Foreign-born residents account for 0.7% of the population in Penfield, PA, and this percentage has increased by Inf% 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 | 95.3% | -2.6% |
% Black | 0.1% | ∞% |
% Hispanic | 0.0% | -100.0% |
% Asian | 1.2% | ∞% |
% Foreign Born | 0.7% | ∞% |
Mortgage and Risk — Penfield, PA
According to HUD data as of 2023, there were 60 mortgage originations in Penfield, PA, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Penfield, PA. Investor activity is low, as 2.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 60 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 2.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Penfield, PA
Penfield, PA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $850 |
| 2 Bedroom | N/A | N/A | $1,060 |
| 3 Bedroom | N/A | N/A | $1,450 |
| 4 Bedroom | N/A | N/A | $1,460 |
Affordability — Penfield, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | N/A |
| Median Home Price | $100,000 |
| Median Household Income | $59,400 |