North East, PA—16428
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — North East, PA
As of Nov '25, the median home price in North East, PA is $251,000, with a year-over-year change of 6.2%. This indicates that home prices in North East, PA are increasing. According to Zillow, the 1-year price projection is 3.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $251,000 | 6.2% |
| Single Family | $250,000 | 6.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $207,000 | 7.3% |
3 Bed | $247,000 | 6.9% |
4 Bed | $293,000 | 7.3% |
| 5 Bed | $319,840 | 6.1% |
% of Housing Stock
Rental Trends — North East, PA
As of July '25, Rentcast reports the average rent in North East, PA is $898, with a year-over-year rent change of -1.1%. Per bedroom, the median rent as of July '25 in North East, PA is 1-bedrooms: $795, 2-bedrooms: $1,000. The most common rental property sizes in North East, PA are 1-bedroom and 2-bedroom, accounting for 35.6% and 33.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $795 | $898 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $795 | $795 |
| 2 Bed Rent | $1,000 | $1,000 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — North East, PA
As of Nov '25, Realtor.com reports that the median days on market for a home in North East, PA is 40. This is a decrease of -34.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $290,000 | -25.0% |
Listing Count | 28 | -2.0% |
| Listings as % of Homes | 0.3% | -2.0% |
Days on Market | 40 | -34.0% |
Demographics — North East, PA
As of the latest ACS Survey released in 2023, North East, PA has a population of 12,500, which has remained stable by -1.0% over the past 5 years. North East, PA is a moderately popular place for families, as children make up 22.9% of the population. The area has a moderately educated workforce, with 25.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 12,500 | -1.0% |
% Under 18 | 22.9% | 5.0% |
% Seniors | 18.0% | 7.8% |
% WFH | 9.2% | 91.7% |
% w/ College Degree | 25.8% | 0.8% |
As of the latest ACS Survey released in 2023, North East, PA is a predominantly white area, with 90.9% of the population identifying as white. The white population has shrunk by 2.6% in the last 5 years. The second most common race or ethnicity in North East, PA is hispanic, making up 3.5% of the population. Foreign-born residents account for 0.9% of the population in North East, PA, and this percentage has decreased by 50.0% 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 | 90.9% | -2.6% |
% Black | 0.8% | -50.0% |
% Hispanic | 3.5% | 25.0% |
% Asian | 0.7% | 133.3% |
% Foreign Born | 0.9% | -50.0% |
Mortgage and Risk — North East, PA
According to HUD data as of 2023, there were 188 mortgage originations in North East, PA, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in North East, PA. Investor activity is low, as 3.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 188 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 3.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 11.0% |
Rentals and Section 8 — North East, PA
North East, PA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 167 |
Total Units Section 8 | 140 |
% Rentals under Section 8 | 11.5% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$45 | $795 | $750 |
| 2 Bedroom | -$20 | $1,000 | $980 |
| 3 Bedroom | N/A | N/A | $1,220 |
| 4 Bedroom | N/A | N/A | $1,330 |
Affordability — North East, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $251,000 |
| Median Household Income | $77,100 |