Old Forge, PA—18518
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Old Forge, PA
As of Oct '25, the median home price in Old Forge, PA is $222,000, with a year-over-year change of 11.3%. 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 | $222,000 | 11.3% |
| Single Family | $222,000 | 10.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $178,000 | 6.6% |
3 Bed | $243,000 | 6.1% |
4 Bed | $282,000 | 5.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Old Forge, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Old Forge, PA is 48. This is a increase of 69.0% 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 10.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $245,000 | -2.0% |
Listing Count | 20 | 34.0% |
| Listings as % of Homes | 0.4% | 34.0% |
Days on Market | 48 | 69.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Old Forge, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.2 |
| Median Home Price | $222,000 |
| Median Household Income | $73,300 |