Sandy Lake, PA—16145
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Sandy Lake, PA
As of Oct '25, the median home price in Sandy Lake, PA is $184,000, with a year-over-year change of -2.2%. This indicates that home prices in Sandy Lake, PA are decreasing. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $184,000 | -2.2% |
| Single Family | $184,000 | -2.1% |
| 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 | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Sandy Lake, PA
As of July '25, Rentcast reports the average rent in Sandy Lake, PA is $695, with a year-over-year rent change of -16.9%. Per bedroom, the median rent as of July '25 in Sandy Lake, PA is 1-bedrooms: $718, 2-bedrooms: $650. The most common rental property sizes in Sandy Lake, PA are 2-bedroom and 3-bedroom, accounting for 46.3% and 35.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $650 | $695 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $600 | $718 |
| 2 Bed Rent | $650 | $650 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Sandy Lake, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Sandy Lake, PA is 108. This is a increase of 129.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $214,000 | -2.0% |
Listing Count | 5 | 8.0% |
| Listings as % of Homes | 0.4% | 8.0% |
Days on Market | 108 | 129.0% |
Demographics — Sandy Lake, PA
As of the latest ACS Survey released in 2023, Sandy Lake, PA has a population of 2,670, which has decreased by -1.7% over the past 5 years. Sandy Lake, PA is a moderately popular place for families, as children make up 19.9% of the population. The area has a moderately educated workforce, with 27.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,670 | -1.7% |
% Under 18 | 19.9% | 0.5% |
% Seniors | 25.3% | 15.5% |
% WFH | 8.6% | 65.4% |
% w/ College Degree | 27.1% | 62.3% |
As of the latest ACS Survey released in 2023, Sandy Lake, PA is a predominantly white area, with 92.8% of the population identifying as white. The white population has shrunk by 3.2% in the last 5 years. The second most common race or ethnicity in Sandy Lake, PA is hispanic, making up 1.3% of the population. Foreign-born residents account for 0.5% of the population in Sandy Lake, PA, and this percentage has decreased by 54.5% 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 | 92.8% | -3.2% |
% Black | 0.3% | -40.0% |
% Hispanic | 1.3% | 0.0% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.5% | -54.5% |
Mortgage and Risk — Sandy Lake, PA
According to HUD data as of 2023, there were 22 mortgage originations in Sandy Lake, PA, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 9.0% above 90% LTV (normal). This implies small mortgage risk in Sandy Lake, PA. Investor activity is low, as 5.0% 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 | 22 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 5.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Sandy Lake, PA
Sandy Lake, PA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 0.5% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $120 | $600 | $720 |
| 2 Bedroom | $260 | $650 | $910 |
| 3 Bedroom | N/A | N/A | $1,260 |
| 4 Bedroom | N/A | N/A | $1,370 |
Affordability — Sandy Lake, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $184,000 |
| Median Household Income | $64,500 |