Ellwood City, PA 16117 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Ellwood City, PA—16117

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$148,000

0.7% YoY Growth

Household Income

$70,000

37.1% YoY Growth

Days on Market

8.0% Shorter YoY

Home Price Forecast

0.0%

Median Rent

$850

8.0% YoY Growth

1-Bed Rent

$705

19.7% YoY Growth

2-Bed Rent

$825

12.0% YoY Growth

3-Bed Rent

$1,200

0.0% YoY Growth

Home Price Trends — Ellwood City, PA

As of Dec '25, the median home price in Ellwood City, PA is $148,000, with a year-over-year change of -0.7%. This indicates that home prices in Ellwood City, PA are flat. According to Zillow, the 1-year price projection is 0.0%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$148,000	-0.7%
Single Family	$145,000	-2.7%
Condos	$159,000	2.6%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Ellwood City, PA

As of July '25, Rentcast reports the average rent in Ellwood City, PA is $994, with a year-over-year rent change of -8.0%. Per bedroom, the median rent as of July '25 in Ellwood City, PA is 1-bedrooms: $778, 2-bedrooms: $810, 3-bedrooms: $1,360, 4-bedrooms: $1,600. The most common rental property sizes in Ellwood City, PA are 2-bedroom and 3-bedroom, accounting for 54.8% and 18.0% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$850	$994
Studio Rent	N/A	N/A
1 Bed Rent	$705	$778
2 Bed Rent	$825	$810
3 Bed Rent	$1,200	$1,360
4 Bed Rent	$1,600	$1,600

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% of Rental Stock

Studio

3.3%

1 Bedroom

17.5%

2 Bedrooms

54.8%

3 Bedrooms

18.0%

4 Bedrooms

6.0%

5+ Bedrooms

0.4%

Property Listings — Ellwood City, PA

As of Dec '25, Realtor.com reports that the median days on market for a home in Ellwood City, PA is 64. This is a decrease of 0.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 22.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$195,000	12.0%
Listing Count	67	0.0%
Listings as % of Homes	0.5%	0.0%
Days on Market	62	-8.0%

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Demographics — Ellwood City, PA

As of the latest ACS Survey released in 2023, Ellwood City, PA has a population of 16,000, which has decreased by -5.7% over the past 5 years. Ellwood City, PA is a moderately popular place for families, as children make up 16.7% of the population. The area has a poorly educated workforce, with 24.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.5% reporting working from home.

Metric	Latest Census	YoY % Change
Population	16,000	-5.7%
% Under 18	16.7%	-24.1%
% Seniors	22.5%	16.6%
% WFH	10.5%	144.2%
% w/ College Degree	24.5%	0.4%

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As of the latest ACS Survey released in 2023, Ellwood City, PA is a predominantly white area, with 95.3% of the population identifying as white. The white population has shrunk by 2.9% in the last 5 years. The second most common race or ethnicity in Ellwood City, PA is hispanic, making up 1.5% of the population. Foreign-born residents account for 0.9% of the population in Ellwood City, 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	95.3%	-2.9%
% Black	0.7%	40.0%
% Hispanic	1.5%	400.0%
% Asian	0.3%	∞%
% Foreign Born	0.9%	0.0%

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Mortgage and Risk — Ellwood City, PA

According to HUD data as of 2023, there were 314 mortgage originations in Ellwood City, PA, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Ellwood City, PA. Investor activity is low, as 1.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	314
% Conventional Loans	79.0%
% Government Loans	21.0%
% Investor Loans	1.0%
% Second Loans	1.0%
% Cash Out Refinance	14.0%

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Rentals and Section 8 — Ellwood City, PA

As of 2024, the percent of homes in Ellwood City, PA under the Section 8 program is 6.0%. 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. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Ellwood City, PA, because HUD payments exceed market rent, while 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	244
Total Units Section 8	101
% Rentals under Section 8	6.0%
% Occupied Section 8	99.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$35	$705	$740
2 Bedroom	$125	$825	$950
3 Bedroom	$90	$1,200	$1,290
4 Bedroom	-$160	$1,600	$1,440

Ellwood City, PA—16117

Key Metrics at a Glance

Home Price Trends — Ellwood City, PA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Ellwood City, PA

% of Rental Stock

Property Listings — Ellwood City, PA

Demographics — Ellwood City, PA

Race and Ethnicity

Mortgage and Risk — Ellwood City, PA

Mortgages

Rentals and Section 8 — Ellwood City, PA

Section 8 Market Size

Section 8 Opportunity

Affordability — Ellwood City, PA

Home Price to Income Ratio

Ellwood City, PA — ZIP Code Boundary Map

Nearby ZIP Codes

Fombell, PA

Koppel

Wampum, PA

New Castle, PA

West Pittsburg

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2
Median Home Price	$148,000
Median Household Income	$70,000

Ellwood City, PA—16117

Key Metrics at a Glance

Home Price Trends — Ellwood City, PA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Ellwood City, PA

% of Rental Stock

Property Listings — Ellwood City, PA

Demographics — Ellwood City, PA

Race and Ethnicity

Mortgage and Risk — Ellwood City, PA

Mortgages

Rentals and Section 8 — Ellwood City, PA

Section 8 Market Size

Section 8 Opportunity

Affordability — Ellwood City, PA

Home Price to Income Ratio

Ellwood City, PA — ZIP Code Boundary Map

Nearby ZIP Codes

Fombell, PA

Koppel

Wampum, PA

New Castle, PA

West Pittsburg

Frequently Asked Questions

What is the average home price in Ellwood City, PA 16117?

How have home prices in Ellwood City, PA 16117 changed over the past year?

What is the home price projection for Ellwood City, PA 16117?

What are the demographics of Ellwood City, PA 16117?

How long does it take homes to sell in Ellwood City, PA 16117?

What is the average rent price in Ellwood City, PA 16117?