Gap, PA—17527
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Gap, PA
Home Price Trends — Gap, PA
As of Oct '25, the median home price in Gap, PA is $455,000, with a year-over-year change of 6.0%. This indicates that home prices in Gap, PA are increasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $455,000 | 6.0% |
| Single Family | $455,000 | 6.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $335,000 | 4.0% |
3 Bed | $399,000 | 5.3% |
4 Bed | $512,000 | 5.8% |
| 5 Bed | $873,000 | 7.8% |
% of Housing Stock
Rental Trends — Gap, PA
As of July '25, Rentcast reports the average rent in Gap, PA is $1,820, with a year-over-year rent change of 27.3%. Per bedroom, the median rent as of July '25 in Gap, PA is 2-bedrooms: $1,250, 4-bedrooms: $2,400. The most common rental property sizes in Gap, PA are 3-bedroom and 2-bedroom, accounting for 48.9% and 33.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,250 | $1,820 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,250 | $1,250 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $2,400 | $2,400 |
% of Rental Stock
Property Listings — Gap, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Gap, PA is 19. This is a decrease of -29.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $325,000 | -17.0% |
Listing Count | 9 | -29.0% |
| Listings as % of Homes | 0.1% | -29.0% |
Days on Market | 19 | -29.0% |
Demographics — Gap, PA
As of the latest ACS Survey released in 2023, Gap, PA has a population of 6,480, which has increased by 2.7% over the past 5 years. Gap, PA is a popular place for families, as children make up 25.7% of the population. The area has a poorly educated workforce, with 16.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,480 | 2.7% |
% Under 18 | 25.7% | -18.2% |
% Seniors | 12.6% | -8.0% |
% WFH | 7.9% | 25.4% |
% w/ College Degree | 16.7% | 36.9% |
As of the latest ACS Survey released in 2023, Gap, PA is a predominantly white area, with 93.5% of the population identifying as white. The white population has grown by 1.0% in the last 5 years. The second most common race or ethnicity in Gap, PA is hispanic, making up 3.8% of the population. Foreign-born residents account for 2.2% of the population in Gap, PA, and this percentage has increased by 29.4% 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 | 93.5% | 1.0% |
% Black | 1.0% | -9.1% |
% Hispanic | 3.8% | 18.8% |
% Asian | 0.1% | -87.5% |
% Foreign Born | 2.2% | 29.4% |
Mortgage and Risk — Gap, PA
According to HUD data as of 2023, there were 74 mortgage originations in Gap, PA, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 44.0%, with 7.0% above 90% LTV (normal). This implies small mortgage risk in Gap, PA. Investor activity is low, as 7.0% 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 | 74 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 7.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Gap, PA
Gap, PA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 11 |
Total Units Section 8 | 0 |
% Rentals under Section 8 | 0.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,110 |
| 2 Bedroom | $140 | $1,250 | $1,390 |
| 3 Bedroom | N/A | N/A | $1,800 |
| 4 Bedroom | -$560 | $2,400 | $1,840 |
Affordability — Gap, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $455,000 |
| Median Household Income | $92,300 |