Tyrone, PA—16686
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Tyrone, PA
As of Oct '25, the median home price in Tyrone, PA is $181,000, with a year-over-year change of 8.6%. This indicates that home prices in Tyrone, PA are increasing. According to Zillow, the 1-year price projection is -0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $181,000 | 8.6% |
| Single Family | $181,000 | 9.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $154,000 | 6.2% |
3 Bed | $205,000 | 7.9% |
4 Bed | $232,000 | 6.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $625 | $736 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $595 | $591 |
| 2 Bed Rent | $815 | $797 |
| 3 Bed Rent | $720 | $720 |
| 4 Bed Rent | $1,300 | $1,300 |
% of Rental Stock
Property Listings — Tyrone, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Tyrone, PA is 88. This is a increase of 137.0% 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 35.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $122,000 | -14.0% |
Listing Count | 23 | 13.0% |
| Listings as % of Homes | 0.3% | 13.0% |
Days on Market | 88 | 137.0% |
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.
| Metric | Latest Census | YoY % 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% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max 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
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.3 |
| Median Home Price | $181,000 |
| Median Household Income | $65,600 |