Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Cambria County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Median Home Price | $50,595 | $154,283 | $242,182 |
| Price Trend (Annual %) | 1.9% | 4.4% | 8.2% |
| Median Gross Rent | $732 | $1,161 | $1,342 |
| Rent Trend (Annual %) | 3.3% | 4.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Cambria County is about 67% lower than in Pennsylvania. Rent is about 37% lower than the Pennsylvania average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Cambria County, up about 1.9% and 3.3% a year respectively. Rent is changing faster.
Median rent in Cambria County rose about 29.4% between 2015 and 2023, from $566 to $732. Over the same span, rent in Pennsylvania rose about 38.3%.
Affordability
On average, housing unit costs 0.9 yearly household incomes in Cambria County.
Buying the median-priced home in Cambria County costs roughly 5.8 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Cambria County. The price-to-rent ratio in Pennsylvania is about 11.1.
| Metric | Cambria County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Median Home Price | $50,595 | $154,283 | $242,182 |
| Median Household Income | $56,744 | $76,231 | $78,145 |
| Price-to-Income Ratio | 0.9 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Cambria County rose about 1.9%, while median household income rose about 47.5% between 2009 and 2023 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Cambria County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 65.5% | 62.8% | 58.2% |
| Rental Rate | 20.9% | 27.8% | 31.3% |
| Vacancy Rate | 13.6% | 9.4% | 10.6% |
| Median Tenure (years) | 22.0 | 17.0 | 15.0 |
| Median Year Moved In | 2004 | 2009 | 2011 |
Cambria County has a homeownership rate of 65.5%, higher than the Pennsylvania average of 62.8%. Its housing vacancy rate is 13.6%, compared with 9.4% in Pennsylvania.
Housing Stock
| Metric | Cambria County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.26 people | 2.40 people | 2.54 people |
| Median Structure Built Year | 1958 | 1965 | 1978 |
| Median Number of Rooms | 6.2 | 6.0 | 5.5 |
The typical housing unit in Cambria County was built around 1958. On average, 2.3 people live in a home with about 6.2 rooms, staying for about 22.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Cambria County, Pennsylvania.
What is the median home price in Cambria County, Pennsylvania?
The median home price in Cambria County, Pennsylvania is $50,595, lower than the Pennsylvania average of $154,283.
What is the average home price in Cambria County, Pennsylvania?
The typical home price in %s, reported as the median sale price, is %s. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Cambria County, Pennsylvania?
The median gross rent in Cambria County, Pennsylvania is $732 per month, lower than the Pennsylvania average of $1,161.
What was the median gross rent in Cambria County in 2020?
In 2020, the median gross rent in Cambria County, Pennsylvania was $634 per month.
What is the price-to-rent ratio in Cambria County, Pennsylvania?
The price-to-rent ratio in Cambria County, Pennsylvania is about 5.8, meaning it would take roughly 5.8 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Cambria County.
Are home prices or rent rising faster in Cambria County, Pennsylvania?
Both home prices and rent are rising in Cambria County, up about 1.9% and 3.3% a year respectively. Rent is changing faster.
What is the homeownership rate in Cambria County, Pennsylvania?
65.5% of households in Cambria County, Pennsylvania own their home, higher than the Pennsylvania average of 62.8%.
What is the vacancy rate in Cambria County, Pennsylvania?
The housing vacancy rate in Cambria County, Pennsylvania is 13.6%, higher than the Pennsylvania average of 9.4%.