Millersburg, PA—17061
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Millersburg, PA
As of Oct '25, the median home price in Millersburg, PA is $221,000, with a year-over-year change of 5.1%. This indicates that home prices in Millersburg, PA are increasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $221,000 | 5.1% |
| Single Family | $221,000 | 5.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $185,000 | 10.1% |
3 Bed | $224,000 | 5.7% |
4 Bed | $299,000 | 6.0% |
| 5 Bed | $270,000 | 3.8% |
% of Housing Stock
Rental Trends — Millersburg, PA
As of July '25, Rentcast reports the average rent in Millersburg, PA is $1,220, with a year-over-year rent change of 36.3%. Per bedroom, the median rent as of July '25 in Millersburg, PA is 1-bedrooms: $595, 2-bedrooms: $1,340, 3-bedrooms: $1,180. The most common rental property sizes in Millersburg, PA are 2-bedroom and 3-bedroom, accounting for 45.8% and 32.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,220 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $595 | $595 |
| 2 Bed Rent | $1,550 | $1,340 |
| 3 Bed Rent | $1,050 | $1,180 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Millersburg, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Millersburg, PA is 19. This is a decrease of -28.0% 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 46.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $220,000 | -3.0% |
Listing Count | 13 | 44.0% |
| Listings as % of Homes | 0.2% | 44.0% |
Days on Market | 19 | -28.0% |
Demographics — Millersburg, PA
As of the latest ACS Survey released in 2023, Millersburg, PA has a population of 6,820, which has decreased by -3.9% over the past 5 years. Millersburg, PA is a moderately popular place for families, as children make up 22.3% of the population. The area has a poorly educated workforce, with 16.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,820 | -3.9% |
% Under 18 | 22.3% | 8.8% |
% Seniors | 22.8% | -2.1% |
% WFH | 9.2% | 7.0% |
% w/ College Degree | 16.3% | -7.4% |
As of the latest ACS Survey released in 2023, Millersburg, PA is a predominantly white area, with 89.5% of the population identifying as white. The white population has shrunk by 8.3% in the last 5 years. The second most common race or ethnicity in Millersburg, PA is hispanic, making up 2.4% of the population. Foreign-born residents account for 1.3% of the population in Millersburg, PA, and this percentage has increased by 62.5% 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 | 89.5% | -8.3% |
% Black | 1.2% | 100.0% |
% Hispanic | 2.4% | 500.0% |
% Asian | 1.3% | 550.0% |
% Foreign Born | 1.3% | 62.5% |
Mortgage and Risk — Millersburg, PA
According to HUD data as of 2023, there were 109 mortgage originations in Millersburg, PA, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Millersburg, PA. Investor activity is low, as 3.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 109 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Millersburg, PA
Millersburg, PA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 32 |
Total Units Section 8 | 32 |
% Rentals under Section 8 | 4.3% |
% Occupied Section 8 | 79.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $325 | $595 | $920 |
| 2 Bedroom | -$400 | $1,550 | $1,150 |
| 3 Bedroom | $430 | $1,050 | $1,480 |
| 4 Bedroom | N/A | N/A | $1,530 |
Affordability — Millersburg, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $221,000 |
| Median Household Income | $57,000 |