McKean County, Pennsylvania Housing Market
In McKean County, Pennsylvania, the median home value is $104,500, with a median monthly rent of $809. This places McKean County at #2867 nationally out of 3134 counties by median home value, and #66 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: $984
- Establishments: 952
- BLS QCEW, 2025
Housing Supply
- Single-family: 21
- Multi-family: 12
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 16,383 (avg $62,479)
- Outflow: 15,771 (avg $62,887)
- IRS Statistics of Income
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| Metric | McKean County | Pennsylvania Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $104,500 | $212,079 | $227,706 |
| Median Gross Rent | $809 | $990 | $968 |
| Owner Occupancy Rate | 78.0% | 74.2% | 73.3% |
| Price/Rent Ratio | 10.8 | 17.5 | 18.7 |
Market Analysis
The median home value in McKean County is 50.7% below the Pennsylvania state average and 54.1% below the U.S. national average. The median rent of $809/month is 18.3% below the state average.
With a price-to-rent ratio of 10.8, buying a home in McKean County is generally more favorable than renting for those planning to stay long-term. A ratio below 15 typically signals that purchasing is financially advantageous over a multi-year horizon.
McKean County has an owner-occupancy rate of 78.0%, 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 |
|---|---|---|---|
| Stark County | Illinois | $104,500 | $735 |
| Union County | Kentucky | $104,500 | $790 |
| Allen Parish | Louisiana | $104,500 | $775 |
| Williamsburg County | South Carolina | $104,500 | $765 |
| Quitman County | Georgia | $104,600 | $918 |
Other Counties in Pennsylvania
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Forest County | $115,300 | $817 | 78.3% |
| Venango County | $119,800 | $795 | 75.3% |
| Cameron County | $88,900 | $689 | 72.4% |
| Cambria County | $121,000 | $739 | 76.4% |
| Warren County | $127,500 | $755 | 79.5% |
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).