Mars, PA—16046
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Mars, PA
As of Oct '25, the median home price in Mars, PA is $522,000, with a year-over-year change of 2.4%. This indicates that home prices in Mars, PA are increasing. 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 | $522,000 | 2.4% |
| Single Family | $569,000 | 0.7% |
| Condos | $333,000 | 3.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $282,000 | 3.3% |
3 Bed | $414,000 | 2.0% |
4 Bed | $667,000 | -0.4% |
| 5 Bed | $1,007,000 | 1.0% |
% of Housing Stock
Rental Trends — Mars, PA
As of July '25, Rentcast reports the average rent in Mars, PA is $2,710, with a year-over-year rent change of 4.6%. Per bedroom, the median rent as of July '25 in Mars, PA is studios: $900, 1-bedrooms: $1,400, 3-bedrooms: $2,620, 4-bedrooms: $3,130. The most common rental property sizes in Mars, PA are 3-bedroom and 2-bedroom, accounting for 35.1% and 33.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,700 | $2,710 |
| Studio Rent | $500 | $900 |
| 1 Bed Rent | $1,400 | $1,400 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,680 | $2,620 |
| 4 Bed Rent | $3,050 | $3,130 |
% of Rental Stock
Property Listings — Mars, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Mars, PA is 55. This is a decrease of -13.0% 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 54.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $607,000 | -4.0% |
Listing Count | 71 | -3.0% |
| Listings as % of Homes | 0.8% | -3.0% |
Days on Market | 55 | -13.0% |
Demographics — Mars, PA
As of the latest ACS Survey released in 2023, Mars, PA has a population of 19,600, which has increased by 18.9% over the past 5 years. Mars, PA is a popular place for families, as children make up 27.7% of the population. The area has a highly educated workforce, with 67.5% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 25.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 19,600 | 18.9% |
% Under 18 | 27.7% | 3.7% |
% Seniors | 13.0% | 36.8% |
% WFH | 25.8% | 143.4% |
% w/ College Degree | 67.5% | 0.3% |
As of the latest ACS Survey released in 2023, Mars, PA is a predominantly white area, with 90.7% of the population identifying as white. The white population has shrunk by 0.1% in the last 5 years. The second most common race or ethnicity in Mars, PA is asian, making up 5.3% of the population. Foreign-born residents account for 6.7% of the population in Mars, PA, and this percentage has increased by 3.1% 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 | 90.7% | -0.1% |
% Black | 0.8% | 33.3% |
% Hispanic | 1.1% | -38.9% |
% Asian | 5.3% | -10.2% |
% Foreign Born | 6.7% | 3.1% |
Mortgage and Risk — Mars, PA
According to HUD data as of 2023, there were 475 mortgage originations in Mars, PA, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 13.0% above 90% LTV (elevated). This implies medium mortgage risk in Mars, PA. Investor activity is low, as 1.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 475 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Mars, PA
Mars, PA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 127 |
Total Units Section 8 | 127 |
% Rentals under Section 8 | 9.6% |
% Occupied Section 8 | 95.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $200 | $1,400 | $1,600 |
| 2 Bedroom | N/A | N/A | $1,920 |
| 3 Bedroom | -$230 | $2,680 | $2,450 |
| 4 Bedroom | -$410 | $3,050 | $2,640 |
Affordability — Mars, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $522,000 |
| Median Household Income | $144,000 |