ZIP Code 15931 Housing Market

📝 Local Market Notes

The housing market in ZIP code 15931, located in Cambria County, Pennsylvania, exhibits a robust upward price trajectory over the recent five-year period. The Home Price Index (HPI) has risen from 154.92 in 2020 to 239.47 in 2025, representing a cumulative increase of approximately 54.6%. This sustained appreciation indicates significant demand relative to historical baselines, with particularly sharp gains observed between 2021 and 2022. The current HPI level places this sub-market well above the 2000 baseline of 100, reflecting a substantial revaluation of residential assets within this specific geographic area. Despite its strong historical growth, ZIP 15931 currently displays a decelerating momentum compared to broader regional trends. The year-over-year change of +3.02% lags behind both the county average of +5.43% and the state average of +3.89%. This divergence suggests that while the market remains appreciating, it is cooling relative to the wider Cambria County and Pennsylvania landscapes. Notably, nearby ZIP 15904 is experiencing a much higher growth rate of +12.10%, indicating that price appreciation within the county is uneven and likely concentrated in specific micro-markets rather than being uniform across all residential areas. The sub-market character of ZIP 15931 appears to be entry-level to mid-range, anchored by the parent county’s median household income of $58,418 and a median home value of $121,000. With an owner occupancy rate of 76.4%, the area maintains a stable, predominantly owner-occupied demographic profile. For prospective buyers, the practical takeaway is that while prices have risen significantly since 2020, the current slower growth rate may offer a more stable entry point compared to the rapid inflation seen in adjacent areas. However, the 7.40% national mortgage rate continues to constrain affordability, meaning that despite the local median values, monthly carrying costs remain a critical factor for potential residents.

Based on FHFA House Price Index data.