Butler, PA—16001
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Butler, PA
Home Price Trends — Butler, PA
As of Oct '25, the median home price in Butler, PA is $215,000, with a year-over-year change of 2.7%. This indicates that home prices in Butler, PA are increasing. According to Zillow, the 1-year price projection is 0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $215,000 | 2.7% |
| Single Family | $213,000 | 1.9% |
| Condos | $244,000 | 5.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $169,000 | 2.4% |
3 Bed | $238,000 | 4.4% |
4 Bed | $304,000 | 5.2% |
| 5 Bed | $289,000 | 5.5% |
% of Housing Stock
Rental Trends — Butler, PA
As of July '25, Rentcast reports the average rent in Butler, PA is $1,090, with a year-over-year rent change of 10.7%. Per bedroom, the median rent as of July '25 in Butler, PA is studios: $933, 1-bedrooms: $773, 2-bedrooms: $1,020, 3-bedrooms: $1,400. The most common rental property sizes in Butler, PA are 2-bedroom and 1-bedroom, accounting for 37.8% and 32.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $900 | $1,090 |
| Studio Rent | $700 | $933 |
| 1 Bed Rent | $799 | $773 |
| 2 Bed Rent | $1,000 | $1,020 |
| 3 Bed Rent | $1,400 | $1,400 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Butler, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Butler, PA is 58. This is a increase of 9.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $245,000 | 29.0% |
Listing Count | 145 | 1.0% |
| Listings as % of Homes | 0.6% | 1.0% |
Days on Market | 58 | 9.0% |
Demographics — Butler, PA
As of the latest ACS Survey released in 2023, Butler, PA has a population of 39,700, which has increased by 1.9% over the past 5 years. Butler, PA is a moderately popular place for families, as children make up 17.9% of the population. The area has a moderately educated workforce, with 28.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 39,700 | 1.9% |
% Under 18 | 17.9% | -3.2% |
% Seniors | 21.6% | 1.4% |
% WFH | 8.6% | 145.7% |
% w/ College Degree | 28.2% | 9.3% |
As of the latest ACS Survey released in 2023, Butler, PA is a predominantly white area, with 92.5% of the population identifying as white. The white population has shrunk by 2.1% in the last 5 years. The second most common race or ethnicity in Butler, PA is hispanic, making up 2.3% of the population. Foreign-born residents account for 1.0% of the population in Butler, PA, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 92.5% | -2.1% |
% Black | 1.4% | -12.5% |
% Hispanic | 2.3% | 64.3% |
% Asian | 0.3% | -25.0% |
% Foreign Born | 1.0% | 0.0% |
Mortgage and Risk — Butler, PA
According to HUD data as of 2023, there were 753 mortgage originations in Butler, PA, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Butler, PA. Investor activity is low, as 2.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 753 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Butler, PA
Butler, PA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1,742 |
Total Units Section 8 | 1,717 |
% Rentals under Section 8 | 29.7% |
% Occupied Section 8 | 86.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $181 | $799 | $980 |
| 2 Bedroom | $170 | $1,000 | $1,170 |
| 3 Bedroom | $90 | $1,400 | $1,490 |
| 4 Bedroom | N/A | N/A | $1,610 |
Affordability — Butler, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $215,000 |
| Median Household Income | $61,300 |