Greencastle, PA—17225
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Greencastle, PA
As of Oct '25, the median home price in Greencastle, PA is $316,000, with a year-over-year change of 3.1%. This indicates that home prices in Greencastle, PA are increasing. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $316,000 | 3.1% |
| Single Family | $317,000 | 3.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $230,000 | 1.8% |
3 Bed | $305,000 | 3.4% |
4 Bed | $413,000 | 2.7% |
| 5 Bed | $509,000 | 2.6% |
% of Housing Stock
Rental Trends — Greencastle, PA
As of July '25, Rentcast reports the average rent in Greencastle, PA is $1,500, with a year-over-year rent change of 10.3%. Per bedroom, the median rent as of July '25 in Greencastle, PA is 1-bedrooms: $1,180, 2-bedrooms: $1,370, 3-bedrooms: $1,740. The most common rental property sizes in Greencastle, PA are 3-bedroom and 2-bedroom, accounting for 31.4% and 30.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,550 | $1,500 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,200 | $1,180 |
| 2 Bed Rent | $1,100 | $1,370 |
| 3 Bed Rent | $1,700 | $1,740 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Greencastle, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Greencastle, PA is 34. This is a decrease of -28.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $422,000 | -2.0% |
Listing Count | 86 | 42.0% |
| Listings as % of Homes | 0.8% | 42.0% |
Days on Market | 34 | -28.0% |
Demographics — Greencastle, PA
As of the latest ACS Survey released in 2023, Greencastle, PA has a population of 20,300, which has increased by 1.3% over the past 5 years. Greencastle, PA is a popular place for families, as children make up 25.5% of the population. The area has a moderately educated workforce, with 25.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 20,300 | 1.3% |
% Under 18 | 25.5% | 1.2% |
% Seniors | 16.5% | 8.6% |
% WFH | 8.9% | 89.4% |
% w/ College Degree | 25.3% | 21.6% |
As of the latest ACS Survey released in 2023, Greencastle, PA is a predominantly white area, with 89.7% of the population identifying as white. The white population has shrunk by 2.3% in the last 5 years. The second most common race or ethnicity in Greencastle, PA is black, making up 2.9% of the population. Foreign-born residents account for 4.2% of the population in Greencastle, PA, and this percentage has increased by 75.0% 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 | 89.7% | -2.3% |
% Black | 2.9% | 26.1% |
% Hispanic | 1.3% | -63.9% |
% Asian | 1.5% | 114.3% |
% Foreign Born | 4.2% | 75.0% |
Mortgage and Risk — Greencastle, PA
According to HUD data as of 2023, there were 460 mortgage originations in Greencastle, PA, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Greencastle, PA. Investor activity is low, as 1.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 460 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Greencastle, PA
Greencastle, PA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 16 |
Total Units Section 8 | 16 |
% Rentals under Section 8 | 1.1% |
% Occupied Section 8 | 83.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$150 | $1,200 | $1,050 |
| 2 Bedroom | $180 | $1,100 | $1,280 |
| 3 Bedroom | $10 | $1,700 | $1,710 |
| 4 Bedroom | N/A | N/A | $1,930 |
Affordability — Greencastle, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $316,000 |
| Median Household Income | $87,200 |