Warren County, Pennsylvania Housing Market

In Warren County, Pennsylvania, the median home value is $127,500, with a median monthly rent of $755. This places Warren County at #2514 nationally out of 3134 counties by median home value, and #62 within Pennsylvania.

Median Home Value $127,500
Median Rent $755/mo
Owner Occupancy 79.5%
Price/Rent Ratio 14.1

📈 Price Trend (2017 → 2024)

📊 Recent Market Momentum (FHFA HPI)

FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025

💡 Year-over-Year Trend: Home prices in Warren County fell -0.8% year-over-year as of 2025. (Source: FHFA)

📍 Economic Snapshot

💼

Employment & Wages

10,986
jobs (private sector)
  • Avg weekly wage: $1,000
  • Establishments: 814
  • BLS QCEW, 2025
🏗️

Housing Supply

35
new units authorized (2025)
  • Single-family: 31
  • Multi-family: 4
  • U.S. Census Bureau, Building Permits Survey
🚚

Migration Patterns

+572
net migration (filers, 2021-2022)
  • Inflow: 16,123 (avg $62,947)
  • Outflow: 15,551 (avg $63,361)
  • IRS Statistics of Income

📍 Sub-Market Activity

Top 1 active ZIP codes in Warren County · Latest: 2025

# ZIP Code HPI YoY Change Latest Year
1 16365 203.3 -1.93% 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.

How Warren County Compares

MetricWarren CountyPennsylvania AverageU.S. Average
Median Home Value $127,500 $212,079 $227,706
Median Gross Rent $755 $990 $968
Owner Occupancy Rate 79.5% 74.2% 73.3%
Price/Rent Ratio 14.1 17.5 18.7

Market Analysis

The median home value in Warren County is 39.9% below the Pennsylvania state average and 44.0% below the U.S. national average. The median rent of $755/month is 23.7% below the state average.

With a price-to-rent ratio of 14.1, buying a home in Warren 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.

Warren 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

CountyStateMedian Home ValueMedian Rent
Hale County Alabama $127,600 $715
Coles County Illinois $127,400 $780
Muhlenberg County Kentucky $127,400 $718
Liberty County Florida $127,300 $943
Macon County Illinois $127,300 $847

Other Counties in Pennsylvania

CountyMedian Home ValueMedian RentOwner Occ.
Elk County $133,600 $719 79.5%
Cambria County $121,000 $739 76.4%
Venango County $119,800 $795 75.3%
Clearfield County $137,000 $791 78.5%
Jefferson County $139,700 $750 74.9%

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).