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Tyrone, PA—16686

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$192,000
10.1% YoY Growth
Household Income
$65,600
28.5% YoY Growth
Days on Market
79
15.0% Shorter YoY
Home Price Forecast
-0.7%
Median Rent
$625
3.5% YoY Growth
1-Bed Rent
$595
N/A
2-Bed Rent
$815
1.5% YoY Growth
3-Bed Rent
$720
0.0% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Tyrone, PA

As of May '26, the median home price in Tyrone, PA is $192,000, with a year-over-year change of 10.1%. This indicates that home prices in Tyrone, PA are increasing. According to Zillow, the 1-year price projection is -0.7%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$192,00010.1%
Single Family $192,0009.1%
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
    		$155,0005.4%
    3 Bed
    		$211,0005.5%
    4 Bed
    		$240,0005.3%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    1.7%
    1 Bedroom
    6.5%
    2 Bedrooms
    20.9%
    3 Bedrooms
    52.9%
    4 Bedrooms
    13.1%
    5+ Bedrooms
    4.8%

    Rental Trends — Tyrone, PA

    As of July '25, Rentcast reports the average rent in Tyrone, PA is $736, with a year-over-year rent change of -3.5%. Per bedroom, the median rent as of July '25 in Tyrone, PA is 1-bedrooms: $591, 2-bedrooms: $797, 3-bedrooms: $720, 4-bedrooms: $1,300. The most common rental property sizes in Tyrone, PA are 2-bedroom and 3-bedroom, accounting for 38.8% and 35.8% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$625$736
    Studio Rent N/AN/A
    1 Bed Rent $595$591
    2 Bed Rent $815$797
    3 Bed Rent $720$720
    4 Bed Rent $1,300$1,300
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    % of Rental Stock

    Studio
    2.0%
    1 Bedroom
    15.5%
    2 Bedrooms
    38.8%
    3 Bedrooms
    35.8%
    4 Bedrooms
    6.1%
    5+ Bedrooms
    1.8%

    Property Listings — Tyrone, PA

    As of May '26, Realtor.com reports that the median days on market for a home in Tyrone, PA is 79. This is a decrease of -15.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$179,0008.0%
    Listing Count
    		246.0%
    Listings as % of Homes0.3%6.0%
    Days on Market
    		79-15.0%
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    Demographics — Tyrone, PA

    As of the latest ACS Survey released in 2023, Tyrone, PA has a population of 13,000, which has decreased by -2.0% over the past 5 years. Tyrone, PA is a moderately popular place for families, as children make up 21.7% of the population. The area has a poorly educated workforce, with 20.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.6% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		13,000-2.0%
    % Under 18
    		21.7%0.0%
    % Seniors
    		20.4%9.1%
    % WFH
    		4.6%53.3%
    % w/ College Degree
    		20.5%-0.5%
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    As of the latest ACS Survey released in 2023, Tyrone, PA is a predominantly white area, with 96.0% of the population identifying as white. The white population has grown by 0.7% in the last 5 years. The second most common race or ethnicity in Tyrone, PA is hispanic, making up 1.8% of the population. Foreign-born residents account for 1.0% of the population in Tyrone, PA, and this percentage has decreased by 23.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		96.0%0.7%
    % Black
    		0.4%-55.6%
    % Hispanic
    		1.8%125.0%
    % Asian
    		0.1%-80.0%
    % Foreign Born
    		1.0%-23.1%
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    Mortgage and Risk — Tyrone, PA

    According to HUD data as of 2023, there were 292 mortgage originations in Tyrone, PA, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Tyrone, PA. Investor activity is low, as 2.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		292
    % Conventional Loans
    		86.0%
    % Government Loans
    		14.0%
    % Investor Loans
    		2.0%
    % Second Loans
    		2.0%
    % Cash Out Refinance
    		12.0%
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    Rentals and Section 8 — Tyrone, PA

    As of 2024, the percent of homes in Tyrone, PA under the Section 8 program is 14.0%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Tyrone, PA, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.

    Section 8 Market Size

    Total Units under HUD
    		253
    Total Units Section 8
    		195
    % Rentals under Section 8
    		14.0%
    % Occupied Section 8
    		89.8%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$425$595$1,020
    2 Bedroom$375$815$1,190
    3 Bedroom$720$720$1,440
    4 Bedroom$280$1,300$1,580

    Affordability — Tyrone, PA

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.3
    Median Home Price$192,000
    Median Household Income$65,600

    Tyrone, PA — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    16617

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    Frequently Asked Questions