Parkesburg, PA—19365
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Parkesburg, PA
As of Oct '25, the median home price in Parkesburg, PA is $346,000, with a year-over-year change of 5.5%. This indicates that home prices in Parkesburg, PA are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $346,000 | 5.5% |
| Single Family | $347,000 | 4.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $276,000 | 6.6% |
3 Bed | $328,000 | 5.1% |
4 Bed | $434,000 | 5.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Parkesburg, PA
As of July '25, Rentcast reports the average rent in Parkesburg, PA is $1,690, with a year-over-year rent change of -3.4%. Per bedroom, the median rent as of July '25 in Parkesburg, PA is 1-bedrooms: $1,470, 2-bedrooms: $1,380, 3-bedrooms: $2,170, 4-bedrooms: $2,080. The most common rental property sizes in Parkesburg, PA are 1-bedroom and 2-bedroom, accounting for 34.7% and 30.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,450 | $1,690 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,350 | $1,470 |
| 2 Bed Rent | $1,350 | $1,380 |
| 3 Bed Rent | $2,300 | $2,170 |
| 4 Bed Rent | $2,080 | $2,080 |
% of Rental Stock
Property Listings — Parkesburg, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Parkesburg, PA is 43. This is a decrease of -42.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $380,000 | -14.0% |
Listing Count | 16 | 22.0% |
| Listings as % of Homes | 0.2% | 22.0% |
Days on Market | 43 | -42.0% |
Demographics — Parkesburg, PA
As of the latest ACS Survey released in 2023, Parkesburg, PA has a population of 7,480, which has increased by 2.6% over the past 5 years. Parkesburg, PA is a popular place for families, as children make up 25.2% of the population. The area has a moderately educated workforce, with 29.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,480 | 2.6% |
% Under 18 | 25.2% | -0.8% |
% Seniors | 13.6% | -2.9% |
% WFH | 8.0% | 63.3% |
% w/ College Degree | 29.9% | 41.0% |
As of the latest ACS Survey released in 2023, Parkesburg, PA is a predominantly white area, with 68.4% of the population identifying as white. The white population has shrunk by 19.7% in the last 5 years. The second most common race or ethnicity in Parkesburg, PA is black, making up 12.6% of the population. Foreign-born residents account for 4.3% of the population in Parkesburg, PA, and this percentage has increased by 16.2% 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 | 68.4% | -19.7% |
% Black | 12.6% | 200.0% |
% Hispanic | 11.0% | 83.3% |
% Asian | 1.2% | 1,100.0% |
% Foreign Born | 4.3% | 16.2% |
Mortgage and Risk — Parkesburg, PA
According to HUD data as of 2023, there were 92 mortgage originations in Parkesburg, PA, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Parkesburg, PA. Investor activity is low, as 4.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 92 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Parkesburg, PA
As of 2024, the percent of homes in Parkesburg, PA under the Section 8 program is 21.8%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Parkesburg, PA, because HUD payments exceed market rent, while 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 136 |
Total Units Section 8 | 136 |
% Rentals under Section 8 | 21.8% |
% Occupied Section 8 | 83.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $10 | $1,350 | $1,360 |
| 2 Bedroom | $270 | $1,350 | $1,620 |
| 3 Bedroom | -$350 | $2,300 | $1,950 |
| 4 Bedroom | $140 | $2,080 | $2,220 |
Affordability — Parkesburg, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $346,000 |
| Median Household Income | $92,100 |