Clarks Summit, PA—18411
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Clarks Summit, PA
As of Oct '25, the median home price in Clarks Summit, PA is $334,000, with a year-over-year change of 2.5%. This indicates that home prices in Clarks Summit, PA are increasing. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $334,000 | 2.5% |
| Single Family | $335,000 | 2.4% |
| Condos | $318,000 | -0.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $245,000 | 3.8% |
3 Bed | $321,000 | 3.9% |
4 Bed | $433,000 | 0.9% |
| 5 Bed | $568,000 | 1.8% |
% of Housing Stock
Rental Trends — Clarks Summit, PA
As of July '25, Rentcast reports the average rent in Clarks Summit, PA is $1,830, with a year-over-year rent change of -1.6%. Per bedroom, the median rent as of July '25 in Clarks Summit, PA is studios: $1,600, 1-bedrooms: $1,100, 2-bedrooms: $1,470, 3-bedrooms: $1,990, 4-bedrooms: $2,410. The most common rental property sizes in Clarks Summit, PA are 2-bedroom and 1-bedroom, accounting for 37.2% and 31.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,830 |
| Studio Rent | $1,600 | $1,600 |
| 1 Bed Rent | $1,050 | $1,100 |
| 2 Bed Rent | $1,300 | $1,470 |
| 3 Bed Rent | $1,950 | $1,990 |
| 4 Bed Rent | $2,300 | $2,410 |
% of Rental Stock
Property Listings — Clarks Summit, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Clarks Summit, PA is 44. This is a decrease of -10.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $387,000 | -6.0% |
Listing Count | 78 | -14.0% |
| Listings as % of Homes | 0.5% | -14.0% |
Days on Market | 44 | -10.0% |
Demographics — Clarks Summit, PA
As of the latest ACS Survey released in 2023, Clarks Summit, PA has a population of 23,100, which has increased by 6.2% over the past 5 years. Clarks Summit, PA is a moderately popular place for families, as children make up 22.5% of the population. The area has a highly educated workforce, with 51.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,100 | 6.2% |
% Under 18 | 22.5% | 7.1% |
% Seniors | 22.8% | 2.7% |
% WFH | 12.8% | 103.2% |
% w/ College Degree | 51.2% | 14.3% |
As of the latest ACS Survey released in 2023, Clarks Summit, PA is a predominantly white area, with 88.4% of the population identifying as white. The white population has shrunk by 5.0% in the last 5 years. The second most common race or ethnicity in Clarks Summit, PA is asian, making up 4.4% of the population. Foreign-born residents account for 6.6% of the population in Clarks Summit, PA, and this percentage has increased by 65.0% 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 | 88.4% | -5.0% |
% Black | 0.7% | -46.2% |
% Hispanic | 3.2% | 52.4% |
% Asian | 4.4% | 175.0% |
% Foreign Born | 6.6% | 65.0% |
Mortgage and Risk — Clarks Summit, PA
According to HUD data as of 2023, there were 390 mortgage originations in Clarks Summit, PA, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Clarks Summit, PA. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 390 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Clarks Summit, PA
As of 2024, the percent of homes in Clarks Summit, PA under the Section 8 program is 11.7%. 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 units appear to be good home sizes to consider for Section 8 housing in Clarks Summit, PA, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 274 |
Total Units Section 8 | 212 |
% Rentals under Section 8 | 11.7% |
% Occupied Section 8 | 97.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $30 | $1,050 | $1,080 |
| 2 Bedroom | $10 | $1,300 | $1,310 |
| 3 Bedroom | -$240 | $1,950 | $1,710 |
| 4 Bedroom | -$440 | $2,300 | $1,860 |
Affordability — Clarks Summit, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $334,000 |
| Median Household Income | $96,500 |