Elk County, Pennsylvania Housing Market
In Elk County, Pennsylvania, the median home value is $133,600, with a median monthly rent of $719. This places Elk County at #2455 nationally out of 3134 counties by median home value, and #61 within Pennsylvania.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,052
- Establishments: 865
- BLS QCEW, 2025
Housing Supply
- Single-family: 21
- Multi-family: 2
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 13,885 (avg $65,821)
- Outflow: 13,482 (avg $66,080)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in Elk County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 15857 | 180.9 | +5.00% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Elk County Compares
| Metric | Elk County | Pennsylvania Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $133,600 | $212,079 | $227,706 |
| Median Gross Rent | $719 | $990 | $968 |
| Owner Occupancy Rate | 79.5% | 74.2% | 73.3% |
| Price/Rent Ratio | 15.5 | 17.5 | 18.7 |
Market Analysis
The median home value in Elk County is 37.0% below the Pennsylvania state average and 41.3% below the U.S. national average. The median rent of $719/month is 27.4% below the state average.
With a price-to-rent ratio of 15.5, the buy-vs-rent decision in Elk County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Elk County has an owner-occupancy rate of 79.5%, compared to 74.2% in Pennsylvania and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Dewey County | Oklahoma | $133,600 | $912 |
| Obion County | Tennessee | $133,600 | $770 |
| Cass County | Indiana | $133,800 | $783 |
| Mitchell County | Kansas | $133,800 | $604 |
| Clare County | Michigan | $133,800 | $765 |
Other Counties in Pennsylvania
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Clearfield County | $137,000 | $791 | 78.5% |
| Warren County | $127,500 | $755 | 79.5% |
| Jefferson County | $139,700 | $750 | 74.9% |
| Fayette County | $143,200 | $793 | 72.4% |
| Cambria County | $121,000 | $739 | 76.4% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).