Lock Haven, PA—17745
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lock Haven, PA
As of Oct '25, the median home price in Lock Haven, PA is $198,000, with a year-over-year change of 6.2%. This indicates that home prices in Lock Haven, PA are increasing. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $198,000 | 6.2% |
| Single Family | $198,000 | 6.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $105,000 | -1.9% |
2 Bed | $170,000 | 6.2% |
3 Bed | $205,000 | 6.8% |
4 Bed | $224,000 | 6.2% |
| 5 Bed | $220,000 | 5.3% |
% of Housing Stock
Rental Trends — Lock Haven, PA
As of July '25, Rentcast reports the average rent in Lock Haven, PA is $1,030, with a year-over-year rent change of 7.1%. Per bedroom, the median rent as of July '25 in Lock Haven, PA is studios: $675, 1-bedrooms: $701, 2-bedrooms: $949, 3-bedrooms: $1,180, 4-bedrooms: $1,340. The most common rental property sizes in Lock Haven, PA are 2-bedroom and 1-bedroom, accounting for 33.2% and 27.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $995 | $1,030 |
| Studio Rent | $675 | $675 |
| 1 Bed Rent | $725 | $701 |
| 2 Bed Rent | $900 | $949 |
| 3 Bed Rent | $1,250 | $1,180 |
| 4 Bed Rent | $1,300 | $1,340 |
% of Rental Stock
Property Listings — Lock Haven, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Lock Haven, PA is 62. This is a increase of 68.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $277,000 | 12.0% |
Listing Count | 56 | 0.0% |
| Listings as % of Homes | 0.3% | 0.0% |
Days on Market | 62 | 68.0% |
Demographics — Lock Haven, PA
As of the latest ACS Survey released in 2023, Lock Haven, PA has a population of 17,700, which has decreased by -5.5% over the past 5 years. Lock Haven, PA is a moderately popular place for families, as children make up 16.4% of the population. The area has a moderately educated workforce, with 25.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,700 | -5.5% |
% Under 18 | 16.4% | -7.3% |
% Seniors | 19.8% | 17.9% |
% WFH | 8.3% | 219.2% |
% w/ College Degree | 25.5% | 10.4% |
As of the latest ACS Survey released in 2023, Lock Haven, PA is a predominantly white area, with 92.0% of the population identifying as white. The white population has shrunk by 2.0% in the last 5 years. The second most common race or ethnicity in Lock Haven, PA is black, making up 2.6% of the population. Foreign-born residents account for 2.3% of the population in Lock Haven, PA, and this percentage has increased by 27.8% 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 | 92.0% | -2.0% |
% Black | 2.6% | 4.0% |
% Hispanic | 2.3% | 43.8% |
% Asian | 1.0% | 25.0% |
% Foreign Born | 2.3% | 27.8% |
Mortgage and Risk — Lock Haven, PA
According to HUD data as of 2023, there were 288 mortgage originations in Lock Haven, PA, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Lock Haven, 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 | 288 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Lock Haven, PA
As of 2024, the percent of homes in Lock Haven, PA under the Section 8 program is 9.5%. 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. In Lock Haven, PA, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 621 |
Total Units Section 8 | 257 |
% Rentals under Section 8 | 9.5% |
% Occupied Section 8 | 98.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $95 | $725 | $820 |
| 2 Bedroom | $120 | $900 | $1,020 |
| 3 Bedroom | $20 | $1,250 | $1,270 |
| 4 Bedroom | $390 | $1,300 | $1,690 |
Affordability — Lock Haven, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $198,000 |
| Median Household Income | $53,600 |