Lake City, PA—16423
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lake City, PA
As of Oct '25, the median home price in Lake City, PA is $201,000, with a year-over-year change of 10.1%. This indicates that home prices in Lake City, PA are increasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $201,000 | 10.1% |
| Single Family | $202,000 | 9.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $162,000 | 9.5% |
3 Bed | $210,000 | 9.9% |
4 Bed | $236,000 | 9.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Lake City, PA
Lake City, PA lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,700 |
| 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 | $1,700 | $1,700 |
% of Rental Stock
Property Listings — Lake City, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Lake City, PA is 55. This is a increase of 57.0% 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 | $311,000 | -13.0% |
Listing Count | 12 | 62.0% |
| Listings as % of Homes | 0.4% | 62.0% |
Days on Market | 55 | 57.0% |
Demographics — Lake City, PA
As of the latest ACS Survey released in 2023, Lake City, PA has a population of 3,880, which has decreased by -9.3% over the past 5 years. Lake City, PA is a moderately popular place for families, as children make up 22.8% of the population. The area has a moderately educated workforce, with 27.0% 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 | 3,880 | -9.3% |
% Under 18 | 22.8% | -3.8% |
% Seniors | 22.7% | 53.4% |
% WFH | 3.2% | 10.3% |
% w/ College Degree | 27.0% | 39.9% |
As of the latest ACS Survey released in 2023, Lake City, PA is a predominantly white area, with 89.5% of the population identifying as white. The white population has shrunk by 8.3% in the last 5 years. The second most common race or ethnicity in Lake City, PA is hispanic, making up 4.8% of the population. Foreign-born residents account for 2.4% of the population in Lake City, PA, and this percentage has increased by 84.6% 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 | 89.5% | -8.3% |
% Black | 0.9% | 350.0% |
% Hispanic | 4.8% | 182.4% |
% Asian | 0.4% | ∞% |
% Foreign Born | 2.4% | 84.6% |
Mortgage and Risk — Lake City, PA
Lake City, PA lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Lake City, PA
Lake City, PA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 24 |
Total Units Section 8 | 24 |
% Rentals under Section 8 | 17.1% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $770 |
| 2 Bedroom | N/A | N/A | $1,000 |
| 3 Bedroom | N/A | N/A | $1,240 |
| 4 Bedroom | -$350 | $1,700 | $1,350 |
Affordability — Lake City, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.3 |
| Median Home Price | $201,000 |
| Median Household Income | $73,500 |