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North East, PA—16428

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$251,000
6.2% YoY Growth
Household Income
$77,100
30.8% YoY Growth
Days on Market
52
37.0% Shorter YoY
Home Price Forecast
3.1%
Median Rent
$795
1.1% YoY Growth
1-Bed Rent
$795
13.6% YoY Growth
2-Bed Rent
$1,000
N/A
3-Bed Rent
N/A
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — North East, PA

As of Dec '25, the median home price in North East, PA is $251,000, with a year-over-year change of 6.2%. This indicates that home prices in North East, PA are increasing. According to Zillow, the 1-year price projection is 3.1%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$251,0006.2%
Single Family $250,0006.4%
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
    		$207,0007.3%
    3 Bed
    		$247,0006.9%
    4 Bed
    		$293,0007.3%
    5 Bed $319,8406.1%
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    % of Housing Stock

    Studio
    1.4%
    1 Bedroom
    11.0%
    2 Bedrooms
    24.3%
    3 Bedrooms
    43.7%
    4 Bedrooms
    13.8%
    5+ Bedrooms
    5.9%

    Rental Trends — North East, PA

    As of July '25, Rentcast reports the average rent in North East, PA is $898, with a year-over-year rent change of -1.1%. Per bedroom, the median rent as of July '25 in North East, PA is 1-bedrooms: $795, 2-bedrooms: $1,000. The most common rental property sizes in North East, PA are 1-bedroom and 2-bedroom, accounting for 35.6% and 33.4% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$795$898
    Studio Rent N/AN/A
    1 Bed Rent $795$795
    2 Bed Rent $1,000$1,000
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/A
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    % of Rental Stock

    Studio
    1.0%
    1 Bedroom
    35.6%
    2 Bedrooms
    33.4%
    3 Bedrooms
    28.2%
    4 Bedrooms
    1.5%
    5+ Bedrooms
    0.3%

    Property Listings — North East, PA

    As of Dec '25, Realtor.com reports that the median days on market for a home in North East, PA is 40. This is a decrease of -34.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$312,000-33.0%
    Listing Count
    		2612.0%
    Listings as % of Homes0.3%12.0%
    Days on Market
    		52-37.0%
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    Demographics — North East, PA

    As of the latest ACS Survey released in 2023, North East, PA has a population of 12,500, which has remained stable by -1.0% over the past 5 years. North East, PA is a moderately popular place for families, as children make up 22.9% of the population. The area has a moderately educated workforce, with 25.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.2% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		12,500-1.0%
    % Under 18
    		22.9%5.0%
    % Seniors
    		18.0%7.8%
    % WFH
    		9.2%91.7%
    % w/ College Degree
    		25.8%0.8%
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    As of the latest ACS Survey released in 2023, North East, PA is a predominantly white area, with 90.9% of the population identifying as white. The white population has shrunk by 2.6% in the last 5 years. The second most common race or ethnicity in North East, PA is hispanic, making up 3.5% of the population. Foreign-born residents account for 0.9% of the population in North East, PA, and this percentage has decreased by 50.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		90.9%-2.6%
    % Black
    		0.8%-50.0%
    % Hispanic
    		3.5%25.0%
    % Asian
    		0.7%133.3%
    % Foreign Born
    		0.9%-50.0%
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    Mortgage and Risk — North East, PA

    According to HUD data as of 2023, there were 188 mortgage originations in North East, PA, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in North East, PA. Investor activity is low, as 3.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		188
    % Conventional Loans
    		86.0%
    % Government Loans
    		14.0%
    % Investor Loans
    		3.0%
    % Second Loans
    		2.0%
    % Cash Out Refinance
    		11.0%
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    Rentals and Section 8 — North East, PA

    North East, PA lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		167
    Total Units Section 8
    		140
    % Rentals under Section 8
    		11.5%
    % Occupied Section 8
    		89.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$45$795$750
    2 Bedroom-$20$1,000$980
    3 BedroomN/AN/A$1,220
    4 BedroomN/AN/A$1,330

    Affordability — North East, PA

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.8
    Median Home Price$251,000
    Median Household Income$77,100

    North East, PA — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    14736

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    14775

    Frequently Asked Questions