Conneaut Lake, PA—16316
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Conneaut Lake, PA
As of Oct '25, the median home price in Conneaut Lake, PA is $208,000, with a year-over-year change of 5.7%. This indicates that home prices in Conneaut Lake, PA are increasing. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $208,000 | 5.7% |
| Single Family | $206,000 | 6.2% |
| 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 — Conneaut Lake, PA
As of July '25, Rentcast reports the average rent in Conneaut Lake, PA is $1,500, with a year-over-year rent change of 77.1%. Per bedroom, the median rent as of July '25 in Conneaut Lake, PA is 3-bedrooms: $1,800, 4-bedrooms: $1,200. The most common rental property sizes in Conneaut Lake, PA are 2-bedroom and 1-bedroom, accounting for 45.4% and 26.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,500 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,800 | $1,800 |
| 4 Bed Rent | $1,200 | $1,200 |
% of Rental Stock
Property Listings — Conneaut Lake, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Conneaut Lake, PA is 76. This is a increase of 36.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $298,000 | 15.0% |
Listing Count | 27 | 2.0% |
| Listings as % of Homes | 0.4% | 2.0% |
Days on Market | 76 | 36.0% |
Demographics — Conneaut Lake, PA
As of the latest ACS Survey released in 2023, Conneaut Lake, PA has a population of 4,690, which has decreased by -9.7% over the past 5 years. Conneaut Lake, PA is a moderately popular place for families, as children make up 17.4% of the population. The area has a moderately educated workforce, with 25.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,690 | -9.7% |
% Under 18 | 17.4% | 14.5% |
% Seniors | 24.9% | 8.3% |
% WFH | 9.4% | 100.0% |
% w/ College Degree | 25.3% | -7.0% |
As of the latest ACS Survey released in 2023, Conneaut Lake, PA is a predominantly white area, with 95.3% of the population identifying as white. The white population has shrunk by 2.8% in the last 5 years. The second most common race or ethnicity in Conneaut Lake, PA is hispanic, making up 2.5% of the population. Foreign-born residents account for 0.4% of the population in Conneaut Lake, PA, and this percentage has decreased by 82.6% 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 | 95.3% | -2.8% |
% Black | 0.0% | -100.0% |
% Hispanic | 2.5% | 212.5% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.4% | -82.6% |
Mortgage and Risk — Conneaut Lake, PA
According to HUD data as of 2023, there were 132 mortgage originations in Conneaut Lake, PA, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Conneaut Lake, PA. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 132 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 2.0% |
% Second Loans | 17.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Conneaut Lake, PA
Conneaut Lake, PA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 5 |
Total Units Section 8 | 5 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $710 |
| 2 Bedroom | N/A | N/A | $910 |
| 3 Bedroom | -$620 | $1,800 | $1,180 |
| 4 Bedroom | $160 | $1,200 | $1,360 |
Affordability — Conneaut Lake, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $208,000 |
| Median Household Income | $64,900 |