ZIP Code 16101 Housing Market

📝 Local Market Notes

The housing market in ZIP code 16101, located within Lawrence County, Pennsylvania, demonstrates a consistent upward price trajectory over the past five years. The Home Price Index (HPI) has risen from 150.06 in 2021 to 200.66 in 2025, representing a cumulative appreciation of approximately 33.7%. This steady climb indicates sustained demand and value retention, with the index doubling its 2000 baseline. The most recent year-over-year growth stands at +2.22%, reflecting a period of stabilization after the sharper increases recorded in 2022 and 2023. Despite this positive trend, ZIP 16101 is currently underperforming relative to broader regional metrics. The county’s year-over-year growth rate is +6.44%, while the state average is +3.89%. This divergence suggests that while the specific sub-market remains stable, it is lagging behind the broader Lawrence County and Pennsylvania markets. Nearby ZIP codes exhibit significant volatility, with ZIP 16142 declining by -8.09% and ZIP 16105 rising by +7.05%, highlighting that 16101 occupies a middle-ground position with less extreme fluctuation than its immediate neighbors. The sub-market character of ZIP 16101 aligns with an entry-level to mid-range owner-occupied segment. The parent county’s median home value of $147,200 and a 75.8% owner-occupancy rate indicate a community where homeownership is the primary residential model, rather than a luxury or heavily renter-dependent market. The median household income of $61,931 supports this assessment, suggesting affordability for local buyers relative to national averages. For prospective buyers, the data indicates a market with established equity growth but slower momentum than the surrounding county. Residents should note that while prices are rising, the current 7.40% mortgage rate significantly impacts purchasing power, making the slower appreciation rate a factor in long-term affordability planning. The market appears stable but lacks the rapid velocity seen in other parts of the county.

Based on FHFA House Price Index data.