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Mars, PA—16046

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$522,000
2.5% YoY Growth
Household Income
$144,000
25.2% YoY Growth
Days on Market
69
18.0% Shorter YoY
Home Price Forecast
1.3%
Median Rent
$2,700
4.6% YoY Growth
1-Bed Rent
$1,400
0.0% YoY Growth
2-Bed Rent
N/A
N/A
3-Bed Rent
$2,680
1.5% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Mars, PA

As of Dec '25, the median home price in Mars, PA is $522,000, with a year-over-year change of 2.5%. This indicates that home prices in Mars, PA are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$522,0002.5%
Single Family $565,0001.3%
Condos $345,0003.3%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$286,0004.0%
    3 Bed
    		$420,0001.9%
    4 Bed
    		$663,000-0.3%
    5 Bed $995,6421.5%
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    % of Housing Stock

    Studio
    1.1%
    1 Bedroom
    5.0%
    2 Bedrooms
    14.2%
    3 Bedrooms
    31.1%
    4 Bedrooms
    36.2%
    5+ Bedrooms
    12.4%

    Rental Trends — Mars, PA

    As of July '25, Rentcast reports the average rent in Mars, PA is $2,710, with a year-over-year rent change of 4.6%. Per bedroom, the median rent as of July '25 in Mars, PA is studios: $900, 1-bedrooms: $1,400, 3-bedrooms: $2,620, 4-bedrooms: $3,130. The most common rental property sizes in Mars, PA are 3-bedroom and 2-bedroom, accounting for 35.1% and 33.6% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$2,700$2,710
    Studio Rent $500$900
    1 Bed Rent $1,400$1,400
    2 Bed Rent N/AN/A
    3 Bed Rent $2,680$2,620
    4 Bed Rent $3,050$3,130
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    % of Rental Stock

    Studio
    4.3%
    1 Bedroom
    22.6%
    2 Bedrooms
    33.6%
    3 Bedrooms
    35.1%
    4 Bedrooms
    4.4%

    Property Listings — Mars, PA

    As of Dec '25, Realtor.com reports that the median days on market for a home in Mars, PA is 59. This is a decrease of -12.0% 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 12.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$524,000-9.0%
    Listing Count
    		57-10.0%
    Listings as % of Homes0.8%-10.0%
    Days on Market
    		69-18.0%
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    Demographics — Mars, PA

    As of the latest ACS Survey released in 2023, Mars, PA has a population of 19,600, which has increased by 18.9% over the past 5 years. Mars, PA is a popular place for families, as children make up 27.7% of the population. The area has a highly educated workforce, with 67.5% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 25.8% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		19,60018.9%
    % Under 18
    		27.7%3.7%
    % Seniors
    		13.0%36.8%
    % WFH
    		25.8%143.4%
    % w/ College Degree
    		67.5%0.3%
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    As of the latest ACS Survey released in 2023, Mars, PA is a predominantly white area, with 90.7% of the population identifying as white. The white population has shrunk by 0.1% in the last 5 years. The second most common race or ethnicity in Mars, PA is asian, making up 5.3% of the population. Foreign-born residents account for 6.7% of the population in Mars, PA, and this percentage has increased by 3.1% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		90.7%-0.1%
    % Black
    		0.8%33.3%
    % Hispanic
    		1.1%-38.9%
    % Asian
    		5.3%-10.2%
    % Foreign Born
    		6.7%3.1%
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    Mortgage and Risk — Mars, PA

    According to HUD data as of 2023, there were 475 mortgage originations in Mars, PA, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 13.0% above 90% LTV (elevated). This implies medium mortgage risk in Mars, PA. Investor activity is low, as 1.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		475
    % Conventional Loans
    		95.0%
    % Government Loans
    		5.0%
    % Investor Loans
    		1.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		4.0%
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    Rentals and Section 8 — Mars, PA

    Mars, PA lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		127
    Total Units Section 8
    		127
    % Rentals under Section 8
    		9.6%
    % Occupied Section 8
    		95.5%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$200$1,400$1,600
    2 BedroomN/AN/A$1,920
    3 Bedroom-$230$2,680$2,450
    4 Bedroom-$410$3,050$2,640

    Affordability — Mars, PA

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.3
    Median Home Price$522,000
    Median Household Income$144,000

    Mars, PA — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Callery

    16024

    Warrendale, PA

    15086

    Cranberry Township, PA

    16066

    Bradfordwoods, PA

    15015

    Wexford, PA

    15090

    Frequently Asked Questions