Sharon, PA—16146
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Sharon, PA
As of Oct '25, the median home price in Sharon, PA is $69,000, with a year-over-year change of 7.0%. This indicates that home prices in Sharon, 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 | $69,000 | 7.0% |
| Single Family | $69,000 | 4.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $75,000 | 2.7% |
3 Bed | $87,000 | 1.2% |
4 Bed | $120,000 | 5.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Sharon, PA
As of July '25, Rentcast reports the average rent in Sharon, PA is $924, with a year-over-year rent change of 11.7%. Per bedroom, the median rent as of July '25 in Sharon, PA is studios: $1,120, 1-bedrooms: $778, 2-bedrooms: $845, 3-bedrooms: $1,250, 4-bedrooms: $1,050. The most common rental property sizes in Sharon, PA are 2-bedroom and 3-bedroom, accounting for 37.4% and 29.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $875 | $924 |
| Studio Rent | $750 | $1,120 |
| 1 Bed Rent | $750 | $778 |
| 2 Bed Rent | $850 | $845 |
| 3 Bed Rent | $1,250 | $1,250 |
| 4 Bed Rent | $1,000 | $1,050 |
% of Rental Stock
Property Listings — Sharon, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Sharon, PA is 63. This is a increase of 64.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $74,900 | -19.0% |
Listing Count | 63 | 0.0% |
| Listings as % of Homes | 0.8% | 0.0% |
Days on Market | 63 | 64.0% |
Demographics — Sharon, PA
As of the latest ACS Survey released in 2023, Sharon, PA has a population of 13,000, which has decreased by -2.6% over the past 5 years. Sharon, PA is a moderately popular place for families, as children make up 21.6% of the population. The area has a poorly educated workforce, with 18.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 13,000 | -2.6% |
% Under 18 | 21.6% | 1.9% |
% Seniors | 17.5% | 5.4% |
% WFH | 4.3% | -4.4% |
% w/ College Degree | 18.5% | 4.5% |
As of the latest ACS Survey released in 2023, Sharon, PA is a predominantly white area, with 75.7% of the population identifying as white. The white population has shrunk by 0.9% in the last 5 years. The second most common race or ethnicity in Sharon, PA is black, making up 16.3% of the population. Foreign-born residents account for 3.6% of the population in Sharon, PA, and this percentage has decreased by 5.3% 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 | 75.7% | -0.9% |
% Black | 16.3% | 14.0% |
% Hispanic | 2.6% | 4.0% |
% Asian | 0.3% | -80.0% |
% Foreign Born | 3.6% | -5.3% |
Mortgage and Risk — Sharon, PA
According to HUD data as of 2023, there were 158 mortgage originations in Sharon, PA, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Sharon, PA. Investor activity is low, as 11.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 158 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 11.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Sharon, PA
As of 2024, the percent of homes in Sharon, PA under the Section 8 program is 28.5%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 2-bedroom and 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Sharon, PA, because HUD payments exceed market rent, while 1-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 841 |
Total Units Section 8 | 803 |
% Rentals under Section 8 | 28.5% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$30 | $750 | $720 |
| 2 Bedroom | $60 | $850 | $910 |
| 3 Bedroom | $10 | $1,250 | $1,260 |
| 4 Bedroom | $370 | $1,000 | $1,370 |
Affordability — Sharon, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.3 |
| Median Home Price | $69,000 |
| Median Household Income | $44,700 |