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 | Cameron County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Median Home Price | $53,947 | $154,283 | $242,182 |
| Price Trend (Annual %) | 10.6% | 4.4% | 8.2% |
| Median Gross Rent | $698 | $1,161 | $1,342 |
| Rent Trend (Annual %) | 2.5% | 4.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Cameron County is about 65% lower than in Pennsylvania. Rent is about 40% 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 Cameron County, up about 10.6% and 2.5% a year respectively. Home prices are changing faster.
Median rent in Cameron County rose about 21.3% between 2015 and 2023, from $576 to $698. Over the same span, rent in Pennsylvania rose about 38.3%.
Affordability
On average, housing unit costs 1.1 yearly household incomes in Cameron County.
Buying the median-priced home in Cameron County costs roughly 6.4 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 Cameron County. The price-to-rent ratio in Pennsylvania is about 11.1.
| Metric | Cameron County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Median Home Price | $53,947 | $154,283 | $242,182 |
| Median Household Income | $47,062 | $76,231 | $78,145 |
| Price-to-Income Ratio | 1.1 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Cameron County rose about 79.8%, while median household income rose about 17.0% between 2009 and 2023 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Cameron County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 39.0% | 62.8% | 58.2% |
| Rental Rate | 17.7% | 27.8% | 31.3% |
| Vacancy Rate | 43.3% | 9.4% | 10.6% |
| Median Tenure (years) | 21.0 | 17.0 | 15.0 |
| Median Year Moved In | 2005 | 2009 | 2011 |
Cameron County has a homeownership rate of 39.0%, lower than the Pennsylvania average of 62.8%. Its housing vacancy rate is 43.3%, compared with 9.4% in Pennsylvania.
Housing Stock
| Metric | Cameron County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Average Household Size | 1.99 people | 2.40 people | 2.54 people |
| Median Structure Built Year | 1962 | 1965 | 1978 |
| Median Number of Rooms | 5.7 | 6.0 | 5.5 |
The typical housing unit in Cameron County was built around 1962. On average, 2.0 people live in a home with about 5.7 rooms, staying for about 21.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Cameron County, Pennsylvania.
What is the median home price in Cameron County, Pennsylvania?
The median home price in Cameron County, Pennsylvania is $53,947, lower than the Pennsylvania average of $154,283.
What is the average home price in Cameron 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 Cameron County, Pennsylvania?
The median gross rent in Cameron County, Pennsylvania is $698 per month, lower than the Pennsylvania average of $1,161.
What was the median gross rent in Cameron County in 2020?
In 2020, the median gross rent in Cameron County, Pennsylvania was $656 per month.
What is the price-to-rent ratio in Cameron County, Pennsylvania?
The price-to-rent ratio in Cameron County, Pennsylvania is about 6.4, meaning it would take roughly 6.4 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 Cameron County.
Are home prices or rent rising faster in Cameron County, Pennsylvania?
Both home prices and rent are rising in Cameron County, up about 10.6% and 2.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Cameron County, Pennsylvania?
39.0% of households in Cameron County, Pennsylvania own their home, lower than the Pennsylvania average of 62.8%.
What is the vacancy rate in Cameron County, Pennsylvania?
The housing vacancy rate in Cameron County, Pennsylvania is 43.3%, higher than the Pennsylvania average of 9.4%.