Butler, PA 16002 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Butler, PA—16002

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$291,000

6.2% YoY Growth

Household Income

$82,700

18.3% YoY Growth

Days on Market

24.0% Longer YoY

Home Price Forecast

0.8%

Median Rent

$1,600

1.0% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$995

18.2% YoY Growth

3-Bed Rent

$3,500

32.1% YoY Growth

Other Zip Codes in Butler, PA

16001

Home Price Trends — Butler, PA

As of Dec '25, the median home price in Butler, PA is $291,000, with a year-over-year change of 6.2%. This indicates that home prices in Butler, 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	$291,000	6.2%
Single Family	$290,000	5.8%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Butler, PA

As of July '25, Rentcast reports the average rent in Butler, PA is $2,030, with a year-over-year rent change of -1.0%. Per bedroom, the median rent as of July '25 in Butler, PA is 2-bedrooms: $1,300, 3-bedrooms: $3,500. The most common rental property sizes in Butler, PA are 2-bedroom and 3-bedroom, accounting for 56.5% and 33.6% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,600	$2,030
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	$995	$1,300
3 Bed Rent	$3,500	$3,500
4 Bed Rent	N/A	N/A

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% of Rental Stock

1 Bedroom

6.2%

2 Bedrooms

56.5%

3 Bedrooms

33.6%

5+ Bedrooms

3.7%

Property Listings — Butler, PA

As of Dec '25, Realtor.com reports that the median days on market for a home in Butler, PA is 91. This is a increase of 48.0% 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	$339,000	16.0%
Listing Count	33	22.0%
Listings as % of Homes	0.2%	22.0%
Days on Market	92	24.0%

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Demographics — Butler, PA

As of the latest ACS Survey released in 2023, Butler, PA has a population of 15,700, which has increased by 4.2% over the past 5 years. Butler, PA is a moderately popular place for families, as children make up 18.0% of the population. The area has a moderately educated workforce, with 26.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.5% reporting working from home.

Metric	Latest Census	YoY % Change
Population	15,700	4.2%
% Under 18	18.0%	-14.3%
% Seniors	23.3%	13.1%
% WFH	11.5%	360.0%
% w/ College Degree	26.3%	-3.7%

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As of the latest ACS Survey released in 2023, Butler, PA is a predominantly white area, with 94.7% 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 Butler, PA is black, making up 2.1% of the population. Foreign-born residents account for 0.6% of the population in Butler, PA, and this percentage has decreased by 40.0% 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	94.7%	-3.1%
% Black	2.1%	162.5%
% Hispanic	2.0%	400.0%
% Asian	0.2%	0.0%
% Foreign Born	0.6%	-40.0%

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Mortgage and Risk — Butler, PA

According to HUD data as of 2023, there were 293 mortgage originations in Butler, PA, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Butler, PA. Investor activity is low, as 1.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	293
% Conventional Loans	92.0%
% Government Loans	8.0%
% Investor Loans	1.0%
% Second Loans	0.0%
% Cash Out Refinance	5.0%

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Rentals and Section 8 — Butler, PA

Butler, PA lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	98
Total Units Section 8	98
% Rentals under Section 8	10.6%
% Occupied Section 8	85.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$810
2 Bedroom	-$25	$995	$970
3 Bedroom	-$2,260	$3,500	$1,240
4 Bedroom	N/A	N/A	$1,330

Butler, PA—16002

Key Metrics at a Glance

Other Zip Codes in Butler, PA

Home Price Trends — Butler, PA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Butler, PA

% of Rental Stock

Property Listings — Butler, PA

Demographics — Butler, PA

Race and Ethnicity

Mortgage and Risk — Butler, PA

Mortgages

Rentals and Section 8 — Butler, PA

Section 8 Market Size

Section 8 Opportunity

Affordability — Butler, PA

Home Price to Income Ratio

Butler, PA — ZIP Code Boundary Map

Nearby ZIP Codes

East Butler

Lyndora, PA

Saxonburg, PA

Cabot, PA

Renfrew, PA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.1
Median Home Price	$291,000
Median Household Income	$82,700

Butler, PA—16002

Key Metrics at a Glance

Other Zip Codes in Butler, PA

Home Price Trends — Butler, PA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Butler, PA

% of Rental Stock

Property Listings — Butler, PA

Demographics — Butler, PA

Race and Ethnicity

Mortgage and Risk — Butler, PA

Mortgages

Rentals and Section 8 — Butler, PA

Section 8 Market Size

Section 8 Opportunity

Affordability — Butler, PA

Home Price to Income Ratio

Butler, PA — ZIP Code Boundary Map

Nearby ZIP Codes

East Butler

Lyndora, PA

Saxonburg, PA

Cabot, PA

Renfrew, PA

Frequently Asked Questions

What is the average home price in Butler, PA 16002?

How have home prices in Butler, PA 16002 changed over the past year?

What is the home price projection for Butler, PA 16002?

What are the demographics of Butler, PA 16002?

How long does it take homes to sell in Butler, PA 16002?

What is the average rent price in Butler, PA 16002?