Greencastle, PA 17225 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Greencastle, PA—17225

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$316,000

3.1% YoY Growth

Household Income

$87,200

21.9% YoY Growth

Days on Market

21.0% Shorter YoY

Home Price Forecast

0.9%

Median Rent

$1,550

10.3% YoY Growth

1-Bed Rent

$1,200

47.5% YoY Growth

2-Bed Rent

$1,100

24.5% YoY Growth

3-Bed Rent

$1,700

8.7% YoY Growth

Home Price Trends — Greencastle, PA

As of Dec '25, the median home price in Greencastle, PA is $316,000, with a year-over-year change of 3.1%. This indicates that home prices in Greencastle, 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	$316,000	3.1%
Single Family	$317,000	2.9%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Greencastle, PA

As of July '25, Rentcast reports the average rent in Greencastle, PA is $1,500, with a year-over-year rent change of 10.3%. Per bedroom, the median rent as of July '25 in Greencastle, PA is 1-bedrooms: $1,180, 2-bedrooms: $1,370, 3-bedrooms: $1,740. The most common rental property sizes in Greencastle, PA are 3-bedroom and 2-bedroom, accounting for 31.4% and 30.7% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,550	$1,500
Studio Rent	N/A	N/A
1 Bed Rent	$1,200	$1,180
2 Bed Rent	$1,100	$1,370
3 Bed Rent	$1,700	$1,740
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

7.1%

1 Bedroom

17.6%

2 Bedrooms

30.7%

3 Bedrooms

31.4%

4 Bedrooms

13.0%

5+ Bedrooms

0.2%

Property Listings — Greencastle, PA

As of Dec '25, Realtor.com reports that the median days on market for a home in Greencastle, PA is 32. 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 14.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$397,000	-3.0%
Listing Count	64	0.0%
Listings as % of Homes	0.8%	0.0%
Days on Market	52	-21.0%

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Demographics — Greencastle, PA

As of the latest ACS Survey released in 2023, Greencastle, PA has a population of 20,300, which has increased by 1.3% over the past 5 years. Greencastle, PA is a popular place for families, as children make up 25.5% of the population. The area has a moderately educated workforce, with 25.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.9% reporting working from home.

Metric	Latest Census	YoY % Change
Population	20,300	1.3%
% Under 18	25.5%	1.2%
% Seniors	16.5%	8.6%
% WFH	8.9%	89.4%
% w/ College Degree	25.3%	21.6%

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As of the latest ACS Survey released in 2023, Greencastle, PA is a predominantly white area, with 89.7% of the population identifying as white. The white population has shrunk by 2.3% in the last 5 years. The second most common race or ethnicity in Greencastle, PA is black, making up 2.9% of the population. Foreign-born residents account for 4.2% of the population in Greencastle, PA, and this percentage has increased by 75.0% 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	89.7%	-2.3%
% Black	2.9%	26.1%
% Hispanic	1.3%	-63.9%
% Asian	1.5%	114.3%
% Foreign Born	4.2%	75.0%

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Mortgage and Risk — Greencastle, PA

According to HUD data as of 2023, there were 460 mortgage originations in Greencastle, PA, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Greencastle, PA. Investor activity is low, as 1.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	460
% Conventional Loans	75.0%
% Government Loans	25.0%
% Investor Loans	1.0%
% Second Loans	0.0%
% Cash Out Refinance	9.0%

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Rentals and Section 8 — Greencastle, PA

Greencastle, PA lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	16
Total Units Section 8	16
% Rentals under Section 8	1.1%
% Occupied Section 8	83.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$150	$1,200	$1,050
2 Bedroom	$180	$1,100	$1,280
3 Bedroom	$10	$1,700	$1,710
4 Bedroom	N/A	N/A	$1,930

Greencastle, PA—17225

Key Metrics at a Glance

Home Price Trends — Greencastle, PA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Greencastle, PA

% of Rental Stock

Property Listings — Greencastle, PA

Demographics — Greencastle, PA

Race and Ethnicity

Mortgage and Risk — Greencastle, PA

Mortgages

Rentals and Section 8 — Greencastle, PA

Section 8 Market Size

Section 8 Opportunity

Affordability — Greencastle, PA

Home Price to Income Ratio

Greencastle, PA — ZIP Code Boundary Map

Nearby ZIP Codes

State Line

Maugansville, MD

Marion

Saint Thomas, PA

Paramount-Long Meadow, MD

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.3
Median Home Price	$316,000
Median Household Income	$87,200

Greencastle, PA—17225

Key Metrics at a Glance

Home Price Trends — Greencastle, PA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Greencastle, PA

% of Rental Stock

Property Listings — Greencastle, PA

Demographics — Greencastle, PA

Race and Ethnicity

Mortgage and Risk — Greencastle, PA

Mortgages

Rentals and Section 8 — Greencastle, PA

Section 8 Market Size

Section 8 Opportunity

Affordability — Greencastle, PA

Home Price to Income Ratio

Greencastle, PA — ZIP Code Boundary Map

Nearby ZIP Codes

State Line

Maugansville, MD

Marion

Saint Thomas, PA

Paramount-Long Meadow, MD

Frequently Asked Questions

What is the average home price in Greencastle, PA 17225?

How have home prices in Greencastle, PA 17225 changed over the past year?

What is the home price projection for Greencastle, PA 17225?

What are the demographics of Greencastle, PA 17225?

How long does it take homes to sell in Greencastle, PA 17225?

What is the average rent price in Greencastle, PA 17225?