Albion, PA—16401
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Albion, PA
As of Oct '25, the median home price in Albion, PA is $188,000, with a year-over-year change of 5.5%. This indicates that home prices in Albion, PA are increasing. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $188,000 | 5.5% |
| Single Family | $188,000 | 5.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $167,000 | 5.7% |
3 Bed | $197,000 | 6.5% |
4 Bed | $210,000 | 7.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Albion, PA
Albion, 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 — Albion, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Albion, PA is 22. This is a decrease of -36.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $186,000 | 37.0% |
Listing Count | 8 | -39.0% |
| Listings as % of Homes | 0.3% | -39.0% |
Days on Market | 22 | -36.0% |
Demographics — Albion, PA
As of the latest ACS Survey released in 2023, Albion, PA has a population of 3,840, which has decreased by -43.5% over the past 5 years. Albion, PA is a moderately popular place for families, as children make up 21.8% of the population. The area has a poorly educated workforce, with 17.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,840 | -43.5% |
% Under 18 | 21.8% | 51.4% |
% Seniors | 20.7% | 55.6% |
% WFH | 7.9% | 172.4% |
% w/ College Degree | 17.0% | 112.5% |
As of the latest ACS Survey released in 2023, Albion, PA is a predominantly white area, with 95.2% of the population identifying as white. The white population has grown by 23.8% in the last 5 years. The second most common race or ethnicity in Albion, PA is hispanic, making up 0.9% of the population. Foreign-born residents account for 1.7% of the population in Albion, PA, and this percentage has increased by 54.5% 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 | 95.2% | 23.8% |
% Black | 0.7% | -96.2% |
% Hispanic | 0.9% | -78.0% |
% Asian | 0.2% | ∞% |
% Foreign Born | 1.7% | 54.5% |
Mortgage and Risk — Albion, PA
According to HUD data as of 2023, there were 51 mortgage originations in Albion, PA, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Albion, PA. Investor activity is low, as 2.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 51 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Albion, PA
Albion, PA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 79 |
Total Units Section 8 | 79 |
% Rentals under Section 8 | 26.4% |
% Occupied Section 8 | 94.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $700 |
| 2 Bedroom | N/A | N/A | $910 |
| 3 Bedroom | N/A | N/A | $1,130 |
| 4 Bedroom | N/A | N/A | $1,230 |
Affordability — Albion, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $188,000 |
| Median Household Income | $68,000 |