Essington, PA—19029
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Essington, PA
As of Oct '25, the median home price in Essington, PA is $242,000, with a year-over-year change of 1.1%. This indicates that home prices in Essington, 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 | $242,000 | 1.1% |
| Single Family | $242,000 | 0.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $232,000 | 3.1% |
3 Bed | $251,000 | 2.4% |
4 Bed | $300,000 | 1.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Essington, PA
As of July '25, Rentcast reports the average rent in Essington, PA is $1,520, with a year-over-year rent change of -7.3%. Per bedroom, the median rent as of July '25 in Essington, PA is 1-bedrooms: $1,100, 2-bedrooms: $1,520, 3-bedrooms: $1,950. The most common rental property sizes in Essington, PA are 3-bedroom and 2-bedroom, accounting for 57.1% and 24.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,520 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,100 | $1,100 |
| 2 Bed Rent | $1,500 | $1,520 |
| 3 Bed Rent | $1,950 | $1,950 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Essington, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Essington, PA is 41. This is a increase of 2.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $270,000 | 13.0% |
Listing Count | 8 | -46.0% |
| Listings as % of Homes | 0.9% | -46.0% |
Days on Market | 41 | 2.0% |
Demographics — Essington, PA
As of the latest ACS Survey released in 2023, Essington, PA has a population of 3,970, which has decreased by -1.1% over the past 5 years. Essington, PA is a moderately popular place for families, as children make up 17.6% of the population. The area has a poorly educated workforce, with 18.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,970 | -1.1% |
% Under 18 | 17.6% | -11.6% |
% Seniors | 22.1% | 38.1% |
% WFH | 9.4% | 193.8% |
% w/ College Degree | 18.7% | 58.5% |
As of the latest ACS Survey released in 2023, Essington, PA is a predominantly white area, with 91.4% of the population identifying as white. The white population has shrunk by 5.8% in the last 5 years. The second most common race or ethnicity in Essington, PA is hispanic, making up 4.7% of the population. Foreign-born residents account for 1.6% of the population in Essington, PA, and this percentage has increased by 14.3% 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 | 91.4% | -5.8% |
% Black | 0.9% | 28.6% |
% Hispanic | 4.7% | 370.0% |
% Asian | 0.6% | 100.0% |
% Foreign Born | 1.6% | 14.3% |
Mortgage and Risk — Essington, PA
According to HUD data as of 2023, there were 76 mortgage originations in Essington, PA, of which 67.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 45.0% above 90% LTV (very high). This implies large mortgage risk in Essington, PA. Investor activity is low, as 3.0% 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 | 76 |
% Conventional Loans | 67.0% |
% Government Loans | 33.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Essington, PA
Essington, PA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 20 |
Total Units Section 8 | 20 |
% Rentals under Section 8 | 3.6% |
% Occupied Section 8 | 77.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $370 | $1,100 | $1,470 |
| 2 Bedroom | $250 | $1,500 | $1,750 |
| 3 Bedroom | $160 | $1,950 | $2,110 |
| 4 Bedroom | N/A | N/A | $2,400 |
Affordability — Essington, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.4 |
| Median Home Price | $242,000 |
| Median Household Income | $50,000 |