Conneaut Lake, PA 16316 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Conneaut Lake, PA—16316

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$219,000

8.6% YoY Growth

Household Income

$64,900

13.3% YoY Growth

Days on Market

52.0% Shorter YoY

Home Price Forecast

-1.1%

Median Rent

$1,200

77.1% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

$1,800

N/A

Home Price Trends — Conneaut Lake, PA

As of May '26, the median home price in Conneaut Lake, PA is $219,000, with a year-over-year change of 8.6%. This indicates that home prices in Conneaut Lake, PA are increasing. According to Zillow, the 1-year price projection is -1.1%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$219,000	8.6%
Single Family	$218,000	7.4%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

2.5%

1 Bedroom

26.6%

2 Bedrooms

45.4%

3 Bedrooms

20.9%

4 Bedrooms

2.1%

5+ Bedrooms

2.5%

Property Listings — Conneaut Lake, PA

As of May '26, Realtor.com reports that the median days on market for a home in Conneaut Lake, PA is 26. This is a decrease of -52.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$300,000	47.0%
Listing Count	37	-22.0%
Listings as % of Homes	0.4%	-22.0%
Days on Market	26	-52.0%

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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%

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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%

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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%

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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

Conneaut Lake, PA—16316

Key Metrics at a Glance

Home Price Trends — Conneaut Lake, PA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Conneaut Lake, PA

% of Rental Stock

Property Listings — Conneaut Lake, PA

Demographics — Conneaut Lake, PA

Race and Ethnicity

Mortgage and Risk — Conneaut Lake, PA

Mortgages

Rentals and Section 8 — Conneaut Lake, PA

Section 8 Market Size

Section 8 Opportunity

Affordability — Conneaut Lake, PA

Home Price to Income Ratio

Conneaut Lake, PA — ZIP Code Boundary Map

Nearby ZIP Codes

Atlantic, PA

Hartstown, PA

Jamestown, PA

Meadville, PA

Linesville, PA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.9
Median Home Price	$219,000
Median Household Income	$64,900

Conneaut Lake, PA—16316

Key Metrics at a Glance

Home Price Trends — Conneaut Lake, PA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Conneaut Lake, PA

% of Rental Stock

Property Listings — Conneaut Lake, PA

Demographics — Conneaut Lake, PA

Race and Ethnicity

Mortgage and Risk — Conneaut Lake, PA

Mortgages

Rentals and Section 8 — Conneaut Lake, PA

Section 8 Market Size

Section 8 Opportunity

Affordability — Conneaut Lake, PA

Home Price to Income Ratio

Conneaut Lake, PA — ZIP Code Boundary Map

Nearby ZIP Codes

Atlantic, PA

Hartstown, PA

Jamestown, PA

Meadville, PA

Linesville, PA

Frequently Asked Questions

What is the average home price in Conneaut Lake, PA 16316?

How have home prices in Conneaut Lake, PA 16316 changed over the past year?

What is the home price projection for Conneaut Lake, PA 16316?

What are the demographics of Conneaut Lake, PA 16316?

How long does it take homes to sell in Conneaut Lake, PA 16316?

What is the average rent price in Conneaut Lake, PA 16316?