Farrell, PA—16121
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Farrell, PA
As of Oct '25, the median home price in Farrell, PA is $45,000, with a year-over-year change of 3.5%. This indicates that home prices in Farrell, 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 | $45,000 | 3.5% |
| Single Family | $45,000 | 0.0% |
| 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 | $83,000 | 0.0% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Farrell, PA
As of July '25, Rentcast reports the average rent in Farrell, PA is $819, with a year-over-year rent change of 6.1%. Per bedroom, the median rent as of July '25 in Farrell, PA is 2-bedrooms: $786, 3-bedrooms: $950. The most common rental property sizes in Farrell, PA are 2-bedroom and 3-bedroom, accounting for 48.3% and 28.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $795 | $819 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $750 | $786 |
| 3 Bed Rent | $950 | $950 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Farrell, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Farrell, PA is 88. This is a increase of 88.0% 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 7.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $61,200 | -9.0% |
Listing Count | 30 | -6.0% |
| Listings as % of Homes | 0.7% | -6.0% |
Days on Market | 88 | 88.0% |
Demographics — Farrell, PA
As of the latest ACS Survey released in 2023, Farrell, PA has a population of 4,290, which has decreased by -8.1% over the past 5 years. Farrell, PA is a moderately popular place for families, as children make up 24.0% of the population. The area has a poorly educated workforce, with 13.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,290 | -8.1% |
% Under 18 | 24.0% | -9.4% |
% Seniors | 24.1% | 29.6% |
% WFH | 3.2% | 700.0% |
% w/ College Degree | 13.4% | -0.7% |
As of the latest ACS Survey released in 2023, Farrell, PA is a predominantly black area, with 49.1% of the population identifying as black. The black population has grown by 15.0% in the last 5 years. The second most common race or ethnicity in Farrell, PA is white, making up 43.3% of the population. Foreign-born residents account for 0.7% of the population in Farrell, PA, and this percentage has decreased by 30.0% 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 | 43.3% | 0.9% |
% Black | 49.1% | 15.0% |
% Hispanic | 0.4% | -93.4% |
% Asian | 0.2% | -33.3% |
% Foreign Born | 0.7% | -30.0% |
Mortgage and Risk — Farrell, PA
According to HUD data as of 2023, there were 52 mortgage originations in Farrell, PA, of which 65.0% of loans were conventional mortgages. The average loan-to-value was 79.0%, with 42.0% above 90% LTV (very high). This implies large mortgage risk in Farrell, PA. Investor activity is low, as 4.0% 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 | 52 |
% Conventional Loans | 65.0% |
% Government Loans | 35.0% |
% Investor Loans | 4.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Farrell, PA
Farrell, PA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 346 |
Total Units Section 8 | 336 |
% Rentals under Section 8 | 37.1% |
% Occupied Section 8 | 90.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $760 |
| 2 Bedroom | $210 | $750 | $960 |
| 3 Bedroom | $380 | $950 | $1,330 |
| 4 Bedroom | N/A | N/A | $1,450 |
Affordability — Farrell, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1 |
| Median Home Price | $45,000 |
| Median Household Income | $39,400 |