Butler, PA—16002
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Butler, PA
Home Price Trends — Butler, PA
As of Oct '25, the median home price in Butler, PA is $293,000, with a year-over-year change of 6.4%. This indicates that home prices in Butler, PA are increasing. According to Zillow, the 1-year price projection is 0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $293,000 | 6.4% |
| Single Family | $293,000 | 6.2% |
| 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 | $301,000 | 5.6% |
4 Bed | $395,000 | 4.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Butler, PA
As of July '25, Rentcast reports the average rent in Butler, PA is $2,030, with a year-over-year rent change of -1.0%. Per bedroom, the median rent as of July '25 in Butler, PA is 2-bedrooms: $1,300, 3-bedrooms: $3,500. The most common rental property sizes in Butler, PA are 2-bedroom and 3-bedroom, accounting for 56.5% and 33.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $2,030 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $995 | $1,300 |
| 3 Bed Rent | $3,500 | $3,500 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Butler, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Butler, PA is 58. This is a increase of 89.0% 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 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 | $362,000 | 4.0% |
Listing Count | 48 | 33.0% |
| Listings as % of Homes | 0.2% | 33.0% |
Days on Market | 58 | 89.0% |
Demographics — Butler, PA
As of the latest ACS Survey released in 2023, Butler, PA has a population of 15,700, which has increased by 4.2% over the past 5 years. Butler, PA is a moderately popular place for families, as children make up 18.0% of the population. The area has a moderately educated workforce, with 26.3% 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 | 15,700 | 4.2% |
% Under 18 | 18.0% | -14.3% |
% Seniors | 23.3% | 13.1% |
% WFH | 11.5% | 360.0% |
% w/ College Degree | 26.3% | -3.7% |
As of the latest ACS Survey released in 2023, Butler, PA is a predominantly white area, with 94.7% of the population identifying as white. The white population has shrunk by 3.1% in the last 5 years. The second most common race or ethnicity in Butler, PA is black, making up 2.1% of the population. Foreign-born residents account for 0.6% of the population in Butler, PA, and this percentage has decreased by 40.0% 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 | 94.7% | -3.1% |
% Black | 2.1% | 162.5% |
% Hispanic | 2.0% | 400.0% |
% Asian | 0.2% | 0.0% |
% Foreign Born | 0.6% | -40.0% |
Mortgage and Risk — Butler, PA
According to HUD data as of 2023, there were 293 mortgage originations in Butler, PA, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Butler, PA. Investor activity is low, as 1.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 293 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Butler, PA
Butler, PA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 98 |
Total Units Section 8 | 98 |
% Rentals under Section 8 | 10.6% |
% Occupied Section 8 | 85.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $810 |
| 2 Bedroom | -$25 | $995 | $970 |
| 3 Bedroom | -$2,260 | $3,500 | $1,240 |
| 4 Bedroom | N/A | N/A | $1,330 |
Affordability — Butler, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $293,000 |
| Median Household Income | $82,700 |