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Lake City, PA—16423

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$198,000
9.9% YoY Growth
Household Income
$73,500
46.1% YoY Growth
Days on Market
111
61.0% Longer YoY
Home Price Forecast
2.6%
Median Rent
$1,700
N/A
1-Bed Rent
N/A
N/A
2-Bed Rent
N/A
N/A
3-Bed Rent
N/A
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Lake City, PA

As of Dec '25, the median home price in Lake City, PA is $198,000, with a year-over-year change of 9.9%. This indicates that home prices in Lake City, PA are increasing. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$198,0009.9%
Single Family $199,0009.3%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$160,0008.8%
    3 Bed
    		$206,0009.0%
    4 Bed
    		$234,0008.3%
    5 Bed N/AN/A
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    % of Housing Stock

    1 Bedroom
    1.8%
    2 Bedrooms
    22.4%
    3 Bedrooms
    53.4%
    4 Bedrooms
    21.5%
    5+ Bedrooms
    0.9%

    Rental Trends — Lake City, PA

    Lake City, PA lacks sufficient rental market data for analysis.

    TypeMedian RentAverage Rent
    Average Rent$1,700$1,700
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent N/AN/A
    3 Bed Rent N/AN/A
    4 Bed Rent $1,700$1,700
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    % of Rental Stock

    1 Bedroom
    11.4%
    2 Bedrooms
    72.9%
    3 Bedrooms
    12.1%
    4 Bedrooms
    3.6%

    Property Listings — Lake City, PA

    As of Dec '25, Realtor.com reports that the median days on market for a home in Lake City, PA is 79. This is a increase of 68.0% 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.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$325,0003.0%
    Listing Count
    		514.0%
    Listings as % of Homes0.4%14.0%
    Days on Market
    		11161.0%
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    Demographics — Lake City, PA

    As of the latest ACS Survey released in 2023, Lake City, PA has a population of 3,880, which has decreased by -9.3% over the past 5 years. Lake City, PA is a moderately popular place for families, as children make up 22.8% of the population. The area has a moderately educated workforce, with 27.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.2% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		3,880-9.3%
    % Under 18
    		22.8%-3.8%
    % Seniors
    		22.7%53.4%
    % WFH
    		3.2%10.3%
    % w/ College Degree
    		27.0%39.9%
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    As of the latest ACS Survey released in 2023, Lake City, PA is a predominantly white area, with 89.5% of the population identifying as white. The white population has shrunk by 8.3% in the last 5 years. The second most common race or ethnicity in Lake City, PA is hispanic, making up 4.8% of the population. Foreign-born residents account for 2.4% of the population in Lake City, PA, and this percentage has increased by 84.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		89.5%-8.3%
    % Black
    		0.9%350.0%
    % Hispanic
    		4.8%182.4%
    % Asian
    		0.4%∞%
    % Foreign Born
    		2.4%84.6%
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    Mortgage and Risk — Lake City, PA

    Lake City, PA lacks sufficient mortgage origination data for analysis.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		N/A
    % Conventional Loans
    		N/A
    % Government Loans
    		N/A
    % Investor Loans
    		N/A
    % Second Loans
    		N/A
    % Cash Out Refinance
    		N/A
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    Rentals and Section 8 — Lake City, PA

    Lake City, PA lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		24
    Total Units Section 8
    		24
    % Rentals under Section 8
    		17.1%
    % Occupied Section 8
    		89.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$770
    2 BedroomN/AN/A$1,000
    3 BedroomN/AN/A$1,240
    4 Bedroom-$350$1,700$1,350

    Affordability — Lake City, PA

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.3
    Median Home Price$198,000
    Median Household Income$73,500

    Lake City, PA — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Girard, PA

    16417

    North Springfield, PA

    16430

    Cranesville, PA

    16410

    Fairview, PA

    16415

    East Springfield, PA

    16411

    Frequently Asked Questions