Monaca, PA—15061
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Monaca, PA
As of Oct '25, the median home price in Monaca, PA is $197,000, with a year-over-year change of 4.4%. This indicates that home prices in Monaca, PA are increasing. According to Zillow, the 1-year price projection is -1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $197,000 | 4.4% |
| Single Family | $235,000 | 4.0% |
| Condos | $172,000 | 1.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $138,000 | 0.7% |
3 Bed | $205,000 | 5.7% |
4 Bed | $322,000 | 8.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Monaca, PA
As of July '25, Rentcast reports the average rent in Monaca, PA is $1,300, with a year-over-year rent change of -7.1%. Per bedroom, the median rent as of July '25 in Monaca, PA is studios: $700, 1-bedrooms: $879, 2-bedrooms: $1,240, 3-bedrooms: $1,770. The most common rental property sizes in Monaca, PA are 2-bedroom and 1-bedroom, accounting for 45.0% and 31.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,300 |
| Studio Rent | $700 | $700 |
| 1 Bed Rent | $800 | $879 |
| 2 Bed Rent | $1,200 | $1,240 |
| 3 Bed Rent | $1,850 | $1,770 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Monaca, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Monaca, PA is 50. This is a decrease of -6.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $230,000 | 7.0% |
Listing Count | 55 | 9.0% |
| Listings as % of Homes | 0.6% | 9.0% |
Days on Market | 50 | -6.0% |
Demographics — Monaca, PA
As of the latest ACS Survey released in 2023, Monaca, PA has a population of 12,500, which has remained stable by -0.8% over the past 5 years. Monaca, PA is a moderately popular place for families, as children make up 22.6% of the population. The area has a moderately educated workforce, with 28.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 12,500 | -0.8% |
% Under 18 | 22.6% | 4.1% |
% Seniors | 20.8% | 10.1% |
% WFH | 11.5% | 296.6% |
% w/ College Degree | 28.9% | 20.9% |
As of the latest ACS Survey released in 2023, Monaca, PA is a predominantly white area, with 87.9% 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 Monaca, PA is black, making up 4.6% of the population. Foreign-born residents account for 1.5% of the population in Monaca, PA, and this percentage has increased by 87.5% 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 | 87.9% | -7.0% |
% Black | 4.6% | 119.0% |
% Hispanic | 3.3% | 312.5% |
% Asian | 0.4% | 33.3% |
% Foreign Born | 1.5% | 87.5% |
Mortgage and Risk — Monaca, PA
According to HUD data as of 2023, there were 232 mortgage originations in Monaca, PA, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Monaca, PA. Investor activity is low, as 2.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 232 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Monaca, PA
Monaca, PA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 450 |
Total Units Section 8 | 134 |
% Rentals under Section 8 | 7.7% |
% Occupied Section 8 | 90.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $190 | $800 | $990 |
| 2 Bedroom | -$10 | $1,200 | $1,190 |
| 3 Bedroom | -$330 | $1,850 | $1,520 |
| 4 Bedroom | N/A | N/A | $1,630 |
Affordability — Monaca, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $197,000 |
| Median Household Income | $73,500 |