Evans City, PA—16033
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Evans City, PA
As of Oct '25, the median home price in Evans City, PA is $347,000, with a year-over-year change of 2.3%. This indicates that home prices in Evans City, PA are increasing. According to Zillow, the 1-year price projection is -0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $347,000 | 2.3% |
| Single Family | $342,000 | 0.9% |
| 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 | $343,000 | 3.9% |
4 Bed | $487,000 | 0.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Evans City, PA
As of July '25, Rentcast reports the average rent in Evans City, PA is $1,460, with a year-over-year rent change of 18.7%. Per bedroom, the median rent as of July '25 in Evans City, PA is 1-bedrooms: $1,030, 2-bedrooms: $938, 3-bedrooms: $1,400, 4-bedrooms: $2,250. The most common rental property sizes in Evans City, PA are 3-bedroom and 2-bedroom, accounting for 41.2% and 38.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,250 | $1,460 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,030 | $1,030 |
| 2 Bed Rent | $825 | $938 |
| 3 Bed Rent | $1,250 | $1,400 |
| 4 Bed Rent | $1,600 | $2,250 |
% of Rental Stock
Property Listings — Evans City, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Evans City, PA is 40. This is a increase of 12.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $423,000 | 16.0% |
Listing Count | 32 | 63.0% |
| Listings as % of Homes | 0.3% | 63.0% |
Days on Market | 40 | 12.0% |
Demographics — Evans City, PA
As of the latest ACS Survey released in 2023, Evans City, PA has a population of 7,930, which has increased by 28.4% over the past 5 years. Evans City, PA is a moderately popular place for families, as children make up 16.7% of the population. The area has a moderately educated workforce, with 37.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,930 | 28.4% |
% Under 18 | 16.7% | 1.8% |
% Seniors | 16.5% | -5.2% |
% WFH | 19.0% | 387.2% |
% w/ College Degree | 37.8% | 32.2% |
As of the latest ACS Survey released in 2023, Evans City, PA is a predominantly white area, with 95.4% of the population identifying as white. The white population has shrunk by 2.7% in the last 5 years. The second most common race or ethnicity in Evans City, PA is hispanic, making up 3.0% of the population. Foreign-born residents account for 1.0% of the population in Evans City, PA, and this percentage has increased by 42.9% 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 | 95.4% | -2.7% |
% Black | 0.0% | -100.0% |
% Hispanic | 3.0% | 275.0% |
% Asian | 0.7% | 250.0% |
% Foreign Born | 1.0% | 42.9% |
Mortgage and Risk — Evans City, PA
According to HUD data as of 2023, there were 107 mortgage originations in Evans City, PA, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Evans City, 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 | 107 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Evans City, PA
As of 2024, the percent of homes in Evans City, PA under the Section 8 program is 7.7%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Evans City, PA, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 64 |
Total Units Section 8 | 64 |
% Rentals under Section 8 | 7.7% |
% Occupied Section 8 | 84.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $90 | $1,030 | $1,120 |
| 2 Bedroom | $515 | $825 | $1,340 |
| 3 Bedroom | $460 | $1,250 | $1,710 |
| 4 Bedroom | $240 | $1,600 | $1,840 |
Affordability — Evans City, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $347,000 |
| Median Household Income | $101,000 |