Cresco, PA—18326
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Cresco, PA
As of Oct '25, the median home price in Cresco, PA is $291,000, with a year-over-year change of 1.8%. This indicates that home prices in Cresco, PA are increasing. According to Zillow, the 1-year price projection is 2.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $291,000 | 1.8% |
| Single Family | $291,000 | 2.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $212,000 | -0.5% |
3 Bed | $288,000 | 1.8% |
4 Bed | $371,000 | 2.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Cresco, PA
As of July '25, Rentcast reports the average rent in Cresco, PA is $1,500, with a year-over-year rent change of -18.5%. Per bedroom, the median rent as of July '25 in Cresco, PA is studios: $822, 1-bedrooms: $995, 2-bedrooms: $1,520, 3-bedrooms: $1,750, 4-bedrooms: $2,770. The most common rental property sizes in Cresco, PA are 1-bedroom and 3-bedroom, accounting for 36.5% and 35.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,500 |
| Studio Rent | $795 | $822 |
| 1 Bed Rent | $900 | $995 |
| 2 Bed Rent | $1,300 | $1,520 |
| 3 Bed Rent | $1,550 | $1,750 |
| 4 Bed Rent | $2,800 | $2,770 |
% of Rental Stock
Property Listings — Cresco, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Cresco, PA is 50. This is a decrease of -14.0% 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 11.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $367,000 | 18.0% |
Listing Count | 35 | 11.0% |
| Listings as % of Homes | 1.3% | 11.0% |
Days on Market | 50 | -14.0% |
Demographics — Cresco, PA
As of the latest ACS Survey released in 2023, Cresco, PA has a population of 3,570, which has decreased by -15.7% over the past 5 years. Cresco, PA is a moderately popular place for families, as children make up 17.8% of the population. The area has a poorly educated workforce, with 21.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,570 | -15.7% |
% Under 18 | 17.8% | -16.0% |
% Seniors | 18.0% | 30.4% |
% WFH | 2.6% | -59.4% |
% w/ College Degree | 21.6% | -11.5% |
As of the latest ACS Survey released in 2023, Cresco, PA is a predominantly white area, with 67.9% of the population identifying as white. The white population has shrunk by 11.5% in the last 5 years. The second most common race or ethnicity in Cresco, PA is hispanic, making up 12.2% of the population. Foreign-born residents account for 5.8% of the population in Cresco, PA, and this percentage has decreased by 20.5% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 67.9% | -11.5% |
% Black | 11.5% | -14.2% |
% Hispanic | 12.2% | 76.8% |
% Asian | 2.0% | 233.3% |
% Foreign Born | 5.8% | -20.5% |
Mortgage and Risk — Cresco, PA
According to HUD data as of 2023, there were 59 mortgage originations in Cresco, PA, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Cresco, PA. Investor activity is low, as 0.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 59 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 0.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Cresco, PA
As of 2024, the percent of homes in Cresco, PA under the Section 8 program is 5.3%. 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 Cresco, PA, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 11 |
Total Units Section 8 | 11 |
% Rentals under Section 8 | 5.3% |
% Occupied Section 8 | 90.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $230 | $900 | $1,130 |
| 2 Bedroom | $190 | $1,300 | $1,490 |
| 3 Bedroom | $350 | $1,550 | $1,900 |
| 4 Bedroom | -$360 | $2,800 | $2,440 |
Affordability — Cresco, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $291,000 |
| Median Household Income | $76,800 |