Falls, PA—18615
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Falls, PA
As of Oct '25, the median home price in Falls, PA is $227,000, with a year-over-year change of 1.0%. This indicates that home prices in Falls, PA are flat. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $227,000 | 1.0% |
| Single Family | $227,000 | 0.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Falls, PA
As of July '25, Rentcast reports the average rent in Falls, PA is $1,850, with a year-over-year rent change of -15.9%. Per bedroom, the median rent as of July '25 in Falls, PA is 3-bedrooms: $1,850. The most common rental property sizes in Falls, PA are 2-bedroom and 3-bedroom, accounting for 56.3% and 24.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,850 | $1,850 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,850 | $1,850 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Falls, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Falls, PA is 99. This is a decrease of -5.0% 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 | $562,000 | 87.0% |
Listing Count | 2 | -33.0% |
| Listings as % of Homes | 0.3% | -33.0% |
Days on Market | 99 | -5.0% |
Demographics — Falls, PA
As of the latest ACS Survey released in 2023, Falls, PA has a population of 1,710, which has decreased by -15.5% over the past 5 years. Falls, PA is a less popular place for families, as children make up 14.7% of the population. The area has a moderately educated workforce, with 31.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,710 | -15.5% |
% Under 18 | 14.7% | -30.0% |
% Seniors | 26.2% | 29.1% |
% WFH | 11.3% | 54.8% |
% w/ College Degree | 31.4% | 42.7% |
As of the latest ACS Survey released in 2023, Falls, PA is a predominantly white area, with 96.3% of the population identifying as white. The white population has grown by 1.0% in the last 5 years. The second most common race or ethnicity in Falls, PA is asian, making up 1.2% of the population. Foreign-born residents account for 2.0% of the population in Falls, PA, and this percentage has increased by 17.6% 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 | 96.3% | 1.0% |
% Black | 0.2% | 0.0% |
% Hispanic | 0.4% | -87.9% |
% Asian | 1.2% | 1,100.0% |
% Foreign Born | 2.0% | 17.6% |
Mortgage and Risk — Falls, PA
According to HUD data as of 2023, there were 77 mortgage originations in Falls, PA, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Falls, PA. Investor activity is low, as 1.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 77 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 1.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Falls, PA
Falls, PA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 52 |
Total Units Section 8 | 12 |
% Rentals under Section 8 | 13.8% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,020 |
| 2 Bedroom | N/A | N/A | $1,230 |
| 3 Bedroom | -$250 | $1,850 | $1,600 |
| 4 Bedroom | N/A | N/A | $1,750 |
Affordability — Falls, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $227,000 |
| Median Household Income | $73,600 |