Ellwood City, PA—16117
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Ellwood City, PA
As of Oct '25, the median home price in Ellwood City, PA is $146,000, with a year-over-year change of -0.2%. This indicates that home prices in Ellwood City, PA are flat. According to Zillow, the 1-year price projection is -1.2%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $146,000 | -0.2% |
| Single Family | $143,000 | -1.4% |
| Condos | $159,000 | 3.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $80,000 | -4.8% |
2 Bed | $121,000 | -0.8% |
3 Bed | $164,000 | 0.6% |
4 Bed | $197,000 | 2.1% |
| 5 Bed | $189,000 | 1.1% |
% of Housing Stock
Rental Trends — Ellwood City, PA
As of July '25, Rentcast reports the average rent in Ellwood City, PA is $994, with a year-over-year rent change of -8.0%. Per bedroom, the median rent as of July '25 in Ellwood City, PA is 1-bedrooms: $778, 2-bedrooms: $810, 3-bedrooms: $1,360, 4-bedrooms: $1,600. The most common rental property sizes in Ellwood City, PA are 2-bedroom and 3-bedroom, accounting for 54.8% and 18.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $850 | $994 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $705 | $778 |
| 2 Bed Rent | $825 | $810 |
| 3 Bed Rent | $1,200 | $1,360 |
| 4 Bed Rent | $1,600 | $1,600 |
% of Rental Stock
Property Listings — Ellwood City, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Ellwood City, PA is 52. This is a increase of 17.0% 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 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $179,000 | -8.0% |
Listing Count | 70 | -6.0% |
| Listings as % of Homes | 0.5% | -6.0% |
Days on Market | 52 | 17.0% |
Demographics — Ellwood City, PA
As of the latest ACS Survey released in 2023, Ellwood City, PA has a population of 16,000, which has decreased by -5.7% over the past 5 years. Ellwood City, PA is a moderately popular place for families, as children make up 16.7% of the population. The area has a poorly educated workforce, with 24.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,000 | -5.7% |
% Under 18 | 16.7% | -24.1% |
% Seniors | 22.5% | 16.6% |
% WFH | 10.5% | 144.2% |
% w/ College Degree | 24.5% | 0.4% |
As of the latest ACS Survey released in 2023, Ellwood City, PA is a predominantly white area, with 95.3% of the population identifying as white. The white population has shrunk by 2.9% in the last 5 years. The second most common race or ethnicity in Ellwood City, PA is hispanic, making up 1.5% of the population. Foreign-born residents account for 0.9% of the population in Ellwood City, PA, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 95.3% | -2.9% |
% Black | 0.7% | 40.0% |
% Hispanic | 1.5% | 400.0% |
% Asian | 0.3% | ∞% |
% Foreign Born | 0.9% | 0.0% |
Mortgage and Risk — Ellwood City, PA
According to HUD data as of 2023, there were 314 mortgage originations in Ellwood City, PA, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Ellwood City, PA. Investor activity is low, as 1.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 314 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Ellwood City, PA
As of 2024, the percent of homes in Ellwood City, PA under the Section 8 program is 6.0%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Ellwood City, PA, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 244 |
Total Units Section 8 | 101 |
% Rentals under Section 8 | 6.0% |
% Occupied Section 8 | 99.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $35 | $705 | $740 |
| 2 Bedroom | $125 | $825 | $950 |
| 3 Bedroom | $90 | $1,200 | $1,290 |
| 4 Bedroom | -$160 | $1,600 | $1,440 |
Affordability — Ellwood City, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.9 |
| Median Home Price | $146,000 |
| Median Household Income | $70,000 |