Old Forge, PA 18518 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Old Forge, PA—18518

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$215,000

11.2% YoY Growth

Household Income

$73,300

40.9% YoY Growth

Days on Market

5.0% Shorter YoY

Home Price Forecast

3.9%

Median Rent

$1,290

16.6% YoY Growth

1-Bed Rent

$1,050

39.6% YoY Growth

2-Bed Rent

$1,250

7.4% YoY Growth

3-Bed Rent

$1,290

53.4% YoY Growth

Home Price Trends — Old Forge, PA

As of Dec '25, the median home price in Old Forge, PA is $215,000, with a year-over-year change of 11.2%. This indicates that home prices in Old Forge, PA are increasing. According to Zillow, the 1-year price projection is 3.9%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$215,000	11.2%
Single Family	$215,000	10.8%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Old Forge, PA

As of July '25, Rentcast reports the average rent in Old Forge, PA is $1,410, with a year-over-year rent change of -16.6%. Per bedroom, the median rent as of July '25 in Old Forge, PA is 1-bedrooms: $1,210, 2-bedrooms: $1,460, 3-bedrooms: $1,360, 4-bedrooms: $1,500. The most common rental property sizes in Old Forge, PA are 2-bedroom and 1-bedroom, accounting for 38.3% and 30.9% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,290	$1,410
Studio Rent	N/A	N/A
1 Bed Rent	$1,050	$1,210
2 Bed Rent	$1,250	$1,460
3 Bed Rent	$1,290	$1,360
4 Bed Rent	$1,500	$1,500

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% of Rental Stock

Studio

5.3%

1 Bedroom

30.9%

2 Bedrooms

38.3%

3 Bedrooms

23.8%

4 Bedrooms

1.8%

Property Listings — Old Forge, PA

As of Dec '25, Realtor.com reports that the median days on market for a home in Old Forge, PA is 61. This is a increase of 46.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$225,000	-10.0%
Listing Count	24	16.0%
Listings as % of Homes	0.4%	16.0%
Days on Market	63	-5.0%

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Demographics — Old Forge, PA

As of the latest ACS Survey released in 2023, Old Forge, PA has a population of 8,530, which has increased by 6.2% over the past 5 years. Old Forge, PA is a moderately popular place for families, as children make up 19.4% of the population. The area has a moderately educated workforce, with 32.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.0% reporting working from home.

Metric	Latest Census	YoY % Change
Population	8,530	6.2%
% Under 18	19.4%	10.9%
% Seniors	21.6%	11.3%
% WFH	10.0%	122.2%
% w/ College Degree	32.2%	24.3%

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As of the latest ACS Survey released in 2023, Old Forge, PA is a predominantly white area, with 83.8% of the population identifying as white. The white population has shrunk by 7.0% in the last 5 years. The second most common race or ethnicity in Old Forge, PA is hispanic, making up 9.3% of the population. Foreign-born residents account for 1.8% of the population in Old Forge, PA, and this percentage has decreased by 5.3% 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	83.8%	-7.0%
% Black	0.6%	-40.0%
% Hispanic	9.3%	27.4%
% Asian	1.2%	9.1%
% Foreign Born	1.8%	-5.3%

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Mortgage and Risk — Old Forge, PA

According to HUD data as of 2023, there were 156 mortgage originations in Old Forge, PA, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Old Forge, PA. Investor activity is low, as 4.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	156
% Conventional Loans	78.0%
% Government Loans	22.0%
% Investor Loans	4.0%
% Second Loans	1.0%
% Cash Out Refinance	12.0%

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Rentals and Section 8 — Old Forge, PA

As of 2024, the percent of homes in Old Forge, PA under the Section 8 program is 7.5%. 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. 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Old Forge, PA, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom units do not.

Section 8 Market Size

Total Units under HUD	212
Total Units Section 8	87
% Rentals under Section 8	7.5%
% Occupied Section 8	86.8%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$160	$1,050	$890
2 Bedroom	-$170	$1,250	$1,080
3 Bedroom	$120	$1,290	$1,410
4 Bedroom	$40	$1,500	$1,540

Old Forge, PA—18518

Key Metrics at a Glance

Home Price Trends — Old Forge, PA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Old Forge, PA

% of Rental Stock

Property Listings — Old Forge, PA

Demographics — Old Forge, PA

Race and Ethnicity

Mortgage and Risk — Old Forge, PA

Mortgages

Rentals and Section 8 — Old Forge, PA

Section 8 Market Size

Section 8 Opportunity

Affordability — Old Forge, PA

Home Price to Income Ratio

Old Forge, PA — ZIP Code Boundary Map

Nearby ZIP Codes

Taylor, PA

Dupont, PA

Duryea, PA

Scranton, PA

Moosic, PA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.1
Median Home Price	$215,000
Median Household Income	$73,300

Old Forge, PA—18518

Key Metrics at a Glance

Home Price Trends — Old Forge, PA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Old Forge, PA

% of Rental Stock

Property Listings — Old Forge, PA

Demographics — Old Forge, PA

Race and Ethnicity

Mortgage and Risk — Old Forge, PA

Mortgages

Rentals and Section 8 — Old Forge, PA

Section 8 Market Size

Section 8 Opportunity

Affordability — Old Forge, PA

Home Price to Income Ratio

Old Forge, PA — ZIP Code Boundary Map

Nearby ZIP Codes

Taylor, PA

Dupont, PA

Duryea, PA

Scranton, PA

Moosic, PA

Frequently Asked Questions

What is the average home price in Old Forge, PA 18518?

How have home prices in Old Forge, PA 18518 changed over the past year?

What is the home price projection for Old Forge, PA 18518?

What are the demographics of Old Forge, PA 18518?

How long does it take homes to sell in Old Forge, PA 18518?

What is the average rent price in Old Forge, PA 18518?