Carlisle, Pennsylvania Housing Market Prices
Carlisle Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 3% below the Pennsylvania median$147,589
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Median rent 10% below the Pennsylvania median$1,092
Housing Market Overview
| Metric | Carlisle | Pennsylvania Avg | US Average |
|---|---|---|---|
| Median Home Price | $147,589 | $152,469 | $248,835 |
| Price Trend (Annual %) | -2.3% | 3.7% | 7.5% |
| Median Gross Rent | $1,092 | $1,208 | $1,407 |
| Rent Trend (Annual %) | 3.8% | 4.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Carlisle is about 3% lower than in Pennsylvania. Rent is about 10% lower than the Pennsylvania average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Carlisle: home prices fell about 2.3% a year while rent rose about 3.8% a year. That is an unusual pattern worth watching.
Median rent in Carlisle rose about 36.2% between 2015 and 2024, from $802 to $1,092. Over the same span, rent in Pennsylvania rose about 43.9%.
Affordability
On average, housing unit costs 2.4 yearly household incomes in Carlisle.
Buying the median-priced home in Carlisle costs roughly 11.3 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 Carlisle. The price-to-rent ratio in Pennsylvania is about 10.5.
| Metric | Carlisle | Pennsylvania Avg | US Average |
|---|---|---|---|
| Median Home Price | $147,589 | $152,469 | $248,835 |
| Median Household Income | $62,312 | $78,249 | $80,455 |
| Price-to-Income Ratio | 2.4 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Carlisle rose about 70.7%, while median household income rose about 25.6% between 2009 and 2025 — 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 | Carlisle | Pennsylvania Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 45.6% | 63.0% | 58.5% |
| Rental Rate | 48.3% | 27.9% | 31.2% |
| Vacancy Rate | 6.1% | 9.1% | 10.2% |
| Median Tenure (years) | 12.0 | 17.0 | 15.0 |
| Median Year Moved In | 2014 | 2009 | 2011 |
Carlisle has a homeownership rate of 45.6%, lower than the Pennsylvania average of 63.0%. Its housing vacancy rate is 6.1%, compared with 9.1% in Pennsylvania.
Housing Stock
| Metric | Carlisle | Pennsylvania Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.01 people | 2.39 people | 2.53 people |
| Median Structure Built Year | 1954 | 1966 | 1978 |
| Median Number of Rooms | 5.5 | 6.0 | 5.5 |
The typical housing unit in Carlisle was built around 1954. On average, 2.0 people live in a home with about 5.5 rooms, staying for about 12.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Carlisle, Pennsylvania.
What is the median home price in Carlisle, Pennsylvania?
The median home price in Carlisle, Pennsylvania is $147,589, lower than the Pennsylvania average of $152,469.
What is the average home price in Carlisle, Pennsylvania?
The typical home price in Carlisle, Pennsylvania, reported as the median sale price, is $147,589. 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 Carlisle, Pennsylvania?
The median gross rent in Carlisle, Pennsylvania is $1,092 per month, lower than the Pennsylvania average of $1,208.
What was the median gross rent in Carlisle in 2020?
In 2020, the median gross rent in Carlisle, Pennsylvania was $876 per month.
What is the price-to-rent ratio in Carlisle, Pennsylvania?
The price-to-rent ratio in Carlisle, Pennsylvania is about 11.3, meaning it would take roughly 11.3 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 Carlisle.
Are home prices or rent rising faster in Carlisle, Pennsylvania?
Home prices and rent are moving in opposite directions in Carlisle: home prices fell about 2.3% a year while rent rose about 3.8% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Carlisle, Pennsylvania?
45.6% of households in Carlisle, Pennsylvania own their home, lower than the Pennsylvania average of 63.0%.
What is the vacancy rate in Carlisle, Pennsylvania?
The housing vacancy rate in Carlisle, Pennsylvania is 6.1%, lower than the Pennsylvania average of 9.1%.
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