Karns City, PA—16041
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Karns City, PA
As of Oct '25, the median home price in Karns City, PA is $155,000, with a year-over-year change of 0.5%. This indicates that home prices in Karns City, PA are flat. According to Zillow, the 1-year price projection is -0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $155,000 | 0.5% |
| Single Family | $155,000 | 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 | $186,000 | 1.1% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Karns City, PA
Karns City, 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 — Karns City, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Karns City, PA is 71. This is a decrease of -41.0% 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 67.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $227,000 | 49.0% |
Listing Count | 6 | -6.0% |
| Listings as % of Homes | 0.6% | -6.0% |
Days on Market | 71 | -41.0% |
Demographics — Karns City, PA
As of the latest ACS Survey released in 2023, Karns City, PA has a population of 1,860, which has decreased by -15.2% over the past 5 years. Karns City, PA is a moderately popular place for families, as children make up 18.0% of the population. The area has a poorly educated workforce, with 14.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,860 | -15.2% |
% Under 18 | 18.0% | -26.5% |
% Seniors | 23.3% | 25.3% |
% WFH | 4.6% | 31.4% |
% w/ College Degree | 14.0% | 16.7% |
As of the latest ACS Survey released in 2023, Karns City, PA is a predominantly white area, with 96.7% of the population identifying as white. The white population has grown by 0.4% in the last 5 years. The second most common race or ethnicity in Karns City, PA is black, making up 0.1% of the population. Foreign-born residents account for 0.1% of the population in Karns City, PA, and this percentage has decreased by 85.7% 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 | 96.7% | 0.4% |
% Black | 0.1% | -83.3% |
% Hispanic | 0.0% | -100.0% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.1% | -85.7% |
Mortgage and Risk — Karns City, PA
According to HUD data as of 2023, there were 73 mortgage originations in Karns City, PA, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Karns City, PA. Investor activity is low, as 0.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 73 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Karns City, PA
Karns City, PA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 10 |
Total Units Section 8 | 10 |
% Rentals under Section 8 | 9.8% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $860 |
| 2 Bedroom | N/A | N/A | $1,050 |
| 3 Bedroom | N/A | N/A | $1,340 |
| 4 Bedroom | N/A | N/A | $1,460 |
Affordability — Karns City, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $155,000 |
| Median Household Income | $68,800 |