Gillett, PA—16925
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Gillett, PA
As of Oct '25, the median home price in Gillett, PA is $182,000, with a year-over-year change of 3.8%. This indicates that home prices in Gillett, PA are increasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $182,000 | 3.8% |
| Single Family | $181,000 | 4.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $162,000 | 3.2% |
3 Bed | $193,000 | 2.7% |
4 Bed | $242,000 | 5.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Gillett, PA
Gillett, 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 — Gillett, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Gillett, PA is 46. This is a decrease of -18.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $405,000 | -10.0% |
Listing Count | 8 | -16.0% |
| Listings as % of Homes | 0.4% | -16.0% |
Days on Market | 46 | -18.0% |
Demographics — Gillett, PA
As of the latest ACS Survey released in 2023, Gillett, PA has a population of 3,380, which has decreased by -3.3% over the past 5 years. Gillett, PA is a moderately popular place for families, as children make up 24.2% of the population. The area has a poorly educated workforce, with 17.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,380 | -3.3% |
% Under 18 | 24.2% | -11.7% |
% Seniors | 23.2% | 24.1% |
% WFH | 6.1% | 165.2% |
% w/ College Degree | 17.9% | 35.6% |
As of the latest ACS Survey released in 2023, Gillett, PA is a predominantly white area, with 98.6% of the population identifying as white. The white population has grown by 2.9% in the last 5 years. The second most common race or ethnicity in Gillett, PA is asian, making up 0.3% of the population. Foreign-born residents account for 0.5% of the population in Gillett, PA, and this percentage has decreased by 75.0% 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 | 98.6% | 2.9% |
% Black | 0.0% | -100.0% |
% Hispanic | 0.0% | -100.0% |
% Asian | 0.3% | -82.4% |
% Foreign Born | 0.5% | -75.0% |
Mortgage and Risk — Gillett, PA
According to HUD data as of 2023, there were 50 mortgage originations in Gillett, PA, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Gillett, PA. Investor activity is low, as 0.0% 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 | 50 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Gillett, PA
Gillett, PA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 6 |
Total Units Section 8 | 6 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $800 |
| 2 Bedroom | N/A | N/A | $980 |
| 3 Bedroom | N/A | N/A | $1,250 |
| 4 Bedroom | N/A | N/A | $1,430 |
Affordability — Gillett, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.3 |
| Median Home Price | $182,000 |
| Median Household Income | $70,000 |