Falls Creek, PA—15840
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Falls Creek, PA
Falls Creek, PA lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $125,000 | 4.4% |
| Single Family | $125,000 | 5.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Falls Creek, PA
Falls Creek, PA lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Falls Creek, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Falls Creek, PA is 14. This is a decrease of -19.0% 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 | $251,000 | -40.0% |
Listing Count | 6 | 0.0% |
| Listings as % of Homes | 0.3% | 0.0% |
Days on Market | 14 | -19.0% |
Demographics — Falls Creek, PA
As of the latest ACS Survey released in 2023, Falls Creek, PA has a population of 1,810, which has decreased by -10.3% over the past 5 years. Falls Creek, PA is a moderately popular place for families, as children make up 18.4% of the population. The area has a poorly educated workforce, with 22.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,810 | -10.3% |
% Under 18 | 18.4% | -3.7% |
% Seniors | 21.9% | 1.4% |
% WFH | 8.6% | 473.3% |
% w/ College Degree | 22.2% | 72.1% |
As of the latest ACS Survey released in 2023, Falls Creek, PA is a predominantly white area, with 94.2% of the population identifying as white. The white population has shrunk by 2.5% in the last 5 years. The second most common race or ethnicity in Falls Creek, PA is black, making up 1.8% of the population. Foreign-born residents account for 1.3% of the population in Falls Creek, PA, and this percentage has increased by 62.5% 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 | 94.2% | -2.5% |
% Black | 1.8% | 350.0% |
% Hispanic | 0.0% | -100.0% |
% Asian | 0.5% | 66.7% |
% Foreign Born | 1.3% | 62.5% |
Mortgage and Risk — Falls Creek, PA
According to HUD data as of 2023, there were 83 mortgage originations in Falls Creek, PA, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Falls Creek, PA. Investor activity is low, as 1.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 83 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Falls Creek, PA
Falls Creek, PA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 9 |
Total Units Section 8 | 9 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $840 |
| 2 Bedroom | N/A | N/A | $1,070 |
| 3 Bedroom | N/A | N/A | $1,320 |
| 4 Bedroom | N/A | N/A | $1,470 |
Affordability — Falls Creek, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.1 |
| Median Home Price | $125,000 |
| Median Household Income | $55,100 |