Mc Kean, PA—16426
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Mc Kean, PA
As of Oct '25, the median home price in Mc Kean, PA is $289,000, with a year-over-year change of 6.1%. This indicates that home prices in Mc Kean, PA are increasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $289,000 | 6.1% |
| Single Family | $289,000 | 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 | $216,000 | 1.9% |
3 Bed | $282,000 | 6.0% |
4 Bed | $351,000 | 9.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Mc Kean, PA
As of July '25, Rentcast reports the average rent in Mc Kean, PA is $1,950, with a year-over-year rent change of 105.3%. Per bedroom, the median rent as of July '25 in Mc Kean, PA is 3-bedrooms: $1,950. The most common rental property sizes in Mc Kean, PA are 3-bedroom and 2-bedroom, accounting for 54.9% and 23.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,950 | $1,950 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,950 | $1,950 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Mc Kean, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Mc Kean, PA is 45. This is a decrease of -66.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $257,000 | -18.0% |
Listing Count | 10 | 23.0% |
| Listings as % of Homes | 0.3% | 23.0% |
Days on Market | 45 | -66.0% |
Demographics — Mc Kean, PA
As of the latest ACS Survey released in 2023, Mc Kean, PA has a population of 3,320, which has decreased by -8.4% over the past 5 years. Mc Kean, PA is a moderately popular place for families, as children make up 16.5% of the population. The area has a poorly educated workforce, with 22.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,320 | -8.4% |
% Under 18 | 16.5% | -18.3% |
% Seniors | 24.3% | 18.5% |
% WFH | 9.6% | 269.2% |
% w/ College Degree | 22.8% | 5.6% |
As of the latest ACS Survey released in 2023, Mc Kean, PA is a predominantly white area, with 97.1% of the population identifying as white. The white population has grown by 1.0% in the last 5 years. The second most common race or ethnicity in Mc Kean, PA is black, making up 0.2% of the population. Foreign-born residents account for 1.3% of the population in Mc Kean, PA, and this percentage has increased by 160.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 97.1% | 1.0% |
% Black | 0.2% | -60.0% |
% Hispanic | 0.2% | -75.0% |
% Asian | 0.0% | N/A |
% Foreign Born | 1.3% | 160.0% |
Mortgage and Risk — Mc Kean, PA
According to HUD data as of 2023, there were 98 mortgage originations in Mc Kean, PA, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Mc Kean, PA. Investor activity is low, as 1.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 98 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Mc Kean, PA
Mc Kean, PA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 21 |
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 | N/A | N/A | $850 |
| 2 Bedroom | N/A | N/A | $1,100 |
| 3 Bedroom | -$580 | $1,950 | $1,370 |
| 4 Bedroom | N/A | N/A | $1,490 |
Affordability — Mc Kean, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $289,000 |
| Median Household Income | $79,600 |