Eldred, PA—16731
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Eldred, PA
As of Oct '25, the median home price in Eldred, PA is $103,000, with a year-over-year change of -6.7%. This indicates that home prices in Eldred, PA are decreasing. According to Zillow, the 1-year price projection is -1.4%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $103,000 | -6.7% |
| Single Family | $103,000 | -7.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Eldred, PA
Eldred, PA lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Eldred, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Eldred, PA is 83. This is a decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time 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 | $202,000 | 22.0% |
Listing Count | 8 | -47.0% |
| Listings as % of Homes | 0.5% | -47.0% |
Days on Market | 83 | -1.0% |
Demographics — Eldred, PA
As of the latest ACS Survey released in 2023, Eldred, PA has a population of 2,400, which has decreased by -1.6% over the past 5 years. Eldred, PA is a moderately popular place for families, as children make up 15.8% of the population. The area has a poorly educated workforce, with 17.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,400 | -1.6% |
% Under 18 | 15.8% | -22.2% |
% Seniors | 25.2% | 22.3% |
% WFH | 2.9% | 61.1% |
% w/ College Degree | 17.9% | 14.0% |
As of the latest ACS Survey released in 2023, Eldred, PA is a predominantly white area, with 97.5% of the population identifying as white. The white population has shrunk by 1.9% in the last 5 years. The second most common race or ethnicity in Eldred, PA is hispanic, making up 0.4% of the population. Foreign-born residents account for 0.8% of the population in Eldred, PA, and this percentage has increased by 14.3% 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 | 97.5% | -1.9% |
% Black | 0.0% | -100.0% |
% Hispanic | 0.4% | 300.0% |
% Asian | 0.3% | ∞% |
% Foreign Born | 0.8% | 14.3% |
Mortgage and Risk — Eldred, PA
According to HUD data as of 2023, there were 40 mortgage originations in Eldred, PA, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Eldred, PA. Investor activity is low, as 3.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 40 |
% Conventional Loans | 70.0% |
% Government Loans | 30.0% |
% Investor Loans | 3.0% |
% Second Loans | 10.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Eldred, PA
Eldred, PA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 47 |
Total Units Section 8 | 7 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $740 |
| 2 Bedroom | N/A | N/A | $910 |
| 3 Bedroom | N/A | N/A | $1,140 |
| 4 Bedroom | N/A | N/A | $1,320 |
Affordability — Eldred, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.9 |
| Median Home Price | $103,000 |
| Median Household Income | $60,000 |