Myerstown, PA—17067
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Myerstown, PA
Home Price Trends — Myerstown, PA
As of Oct '25, the median home price in Myerstown, PA is $304,000, with a year-over-year change of 5.1%. This indicates that home prices in Myerstown, 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 | $304,000 | 5.1% |
| Single Family | $304,000 | 4.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $245,000 | 5.6% |
3 Bed | $294,000 | 5.4% |
4 Bed | $415,000 | 4.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Myerstown, PA
As of July '25, Rentcast reports the average rent in Myerstown, PA is $1,240, with a year-over-year rent change of -5.3%. Per bedroom, the median rent as of July '25 in Myerstown, PA is 1-bedrooms: $998, 2-bedrooms: $1,230, 3-bedrooms: $1,200, 4-bedrooms: $1,800. The most common rental property sizes in Myerstown, PA are 2-bedroom and 3-bedroom, accounting for 44.2% and 26.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,240 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $995 | $998 |
| 2 Bed Rent | $1,200 | $1,230 |
| 3 Bed Rent | $1,200 | $1,200 |
| 4 Bed Rent | $1,800 | $1,800 |
% of Rental Stock
Property Listings — Myerstown, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Myerstown, PA is 26. This is a decrease of -88.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $394,000 | 0.0% |
Listing Count | 44 | 17.0% |
| Listings as % of Homes | 0.2% | 17.0% |
Days on Market | 26 | -88.0% |
Demographics — Myerstown, PA
As of the latest ACS Survey released in 2023, Myerstown, PA has a population of 16,000, which has increased by 4.8% over the past 5 years. Myerstown, PA is a popular place for families, as children make up 25.6% of the population. The area has a poorly educated workforce, with 17.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,000 | 4.8% |
% Under 18 | 25.6% | 5.3% |
% Seniors | 22.8% | 4.1% |
% WFH | 7.4% | 89.7% |
% w/ College Degree | 17.2% | 32.3% |
As of the latest ACS Survey released in 2023, Myerstown, PA is a predominantly white area, with 94.3% of the population identifying as white. The white population has shrunk by 1.8% in the last 5 years. The second most common race or ethnicity in Myerstown, PA is hispanic, making up 2.6% of the population. Foreign-born residents account for 0.7% of the population in Myerstown, PA, and this percentage has increased by 16.7% 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 | 94.3% | -1.8% |
% Black | 1.8% | 5.9% |
% Hispanic | 2.6% | 100.0% |
% Asian | 0.3% | ∞% |
% Foreign Born | 0.7% | 16.7% |
Mortgage and Risk — Myerstown, PA
According to HUD data as of 2023, there were 206 mortgage originations in Myerstown, PA, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 49.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Myerstown, PA. Investor activity is low, as 2.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 206 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 18.0% |
Loan Activity
Rentals and Section 8 — Myerstown, PA
As of 2024, the percent of homes in Myerstown, PA under the Section 8 program is 3.9%. 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. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Myerstown, PA, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 54 |
Total Units Section 8 | 54 |
% Rentals under Section 8 | 3.9% |
% Occupied Section 8 | 99.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $5 | $995 | $1,000 |
| 2 Bedroom | $70 | $1,200 | $1,270 |
| 3 Bedroom | $410 | $1,200 | $1,610 |
| 4 Bedroom | -$90 | $1,800 | $1,710 |
Affordability — Myerstown, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $304,000 |
| Median Household Income | $78,100 |