Perkasie, PA—18944
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Perkasie, PA
As of Oct '25, the median home price in Perkasie, PA is $507,000, with a year-over-year change of 3.8%. This indicates that home prices in Perkasie, PA are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $507,000 | 3.8% |
| Single Family | $513,000 | 3.8% |
| Condos | $306,000 | 4.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $372,000 | 4.2% |
3 Bed | $446,000 | 3.7% |
4 Bed | $640,000 | 3.7% |
| 5 Bed | $729,000 | 4.4% |
% of Housing Stock
Rental Trends — Perkasie, PA
As of July '25, Rentcast reports the average rent in Perkasie, PA is $2,230, with a year-over-year rent change of 21.9%. Per bedroom, the median rent as of July '25 in Perkasie, PA is 1-bedrooms: $1,710, 2-bedrooms: $2,190, 3-bedrooms: $2,580, 4-bedrooms: $2,950. The most common rental property sizes in Perkasie, PA are 2-bedroom and 3-bedroom, accounting for 31.5% and 31.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,180 | $2,230 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,800 | $1,710 |
| 2 Bed Rent | $2,000 | $2,190 |
| 3 Bed Rent | $2,500 | $2,580 |
| 4 Bed Rent | $2,950 | $2,950 |
% of Rental Stock
Property Listings — Perkasie, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Perkasie, PA is 47. This is a decrease of -2.0% 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 14.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $512,000 | -15.0% |
Listing Count | 86 | 19.0% |
| Listings as % of Homes | 0.5% | 19.0% |
Days on Market | 47 | -2.0% |
Demographics — Perkasie, PA
As of the latest ACS Survey released in 2023, Perkasie, PA has a population of 27,400, which has increased by 6.6% over the past 5 years. Perkasie, PA is a moderately popular place for families, as children make up 20.4% of the population. The area has a moderately educated workforce, with 44.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,400 | 6.6% |
% Under 18 | 20.4% | -12.1% |
% Seniors | 16.6% | 12.2% |
% WFH | 16.9% | 172.6% |
% w/ College Degree | 44.3% | 9.4% |
As of the latest ACS Survey released in 2023, Perkasie, PA is a predominantly white area, with 88.2% of the population identifying as white. The white population has shrunk by 4.8% in the last 5 years. The second most common race or ethnicity in Perkasie, PA is hispanic, making up 6.8% of the population. Foreign-born residents account for 3.3% of the population in Perkasie, PA, and this percentage has decreased by 19.5% 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 | 88.2% | -4.8% |
% Black | 1.3% | 0.0% |
% Hispanic | 6.8% | 106.1% |
% Asian | 0.8% | -61.9% |
% Foreign Born | 3.3% | -19.5% |
Mortgage and Risk — Perkasie, PA
According to HUD data as of 2023, there were 681 mortgage originations in Perkasie, PA, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 47.0%, with 11.0% above 90% LTV (elevated). This implies medium mortgage risk in Perkasie, PA. Investor activity is low, as 1.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 681 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Perkasie, PA
As of 2024, the percent of homes in Perkasie, PA under the Section 8 program is 13.5%. 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 Perkasie, PA, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 245 |
Total Units Section 8 | 245 |
% Rentals under Section 8 | 13.5% |
% Occupied Section 8 | 65.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$270 | $1,800 | $1,530 |
| 2 Bedroom | -$180 | $2,000 | $1,820 |
| 3 Bedroom | -$310 | $2,500 | $2,190 |
| 4 Bedroom | -$460 | $2,950 | $2,490 |
Affordability — Perkasie, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $507,000 |
| Median Household Income | $133,000 |