Lycoming County, Pennsylvania Housing Market Prices
Lycoming County 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 26% below the Pennsylvania median$112,790
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Median rent 24% below the Pennsylvania median$913
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Lycoming County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Median Home Price | $112,790 | $152,469 | $248,835 |
| Price Trend (Annual %) | 6.4% | 3.7% | 7.5% |
| Median Gross Rent | $913 | $1,208 | $1,407 |
| Rent Trend (Annual %) | 2.5% | 4.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Lycoming County is about 26% lower than in Pennsylvania. Rent is about 24% lower than the Pennsylvania average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Lycoming County, up about 6.4% and 2.5% a year respectively. Home prices are changing faster.
Median rent in Lycoming County rose about 26.3% between 2015 and 2024, from $723 to $913. Over the same span, rent in Pennsylvania rose about 43.9%.
Affordability
On average, housing unit costs 1.8 yearly household incomes in Lycoming County.
Buying the median-priced home in Lycoming County costs roughly 10.3 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 Lycoming County. The price-to-rent ratio in Pennsylvania is about 10.5.
| Metric | Lycoming County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Median Home Price | $112,790 | $152,469 | $248,835 |
| Median Household Income | $64,393 | $78,249 | $80,455 |
| Price-to-Income Ratio | 1.8 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Lycoming County rose about 37.0%, while median household income rose about 43.7% between 2009 and 2025 — 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 | Lycoming County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 61.4% | 63.0% | 58.5% |
| Rental Rate | 27.5% | 27.9% | 31.2% |
| Vacancy Rate | 11.1% | 9.1% | 10.2% |
| Median Tenure (years) | 17.0 | 17.0 | 15.0 |
| Median Year Moved In | 2009 | 2009 | 2011 |
Lycoming County has a homeownership rate of 61.4%, lower than the Pennsylvania average of 63.0%. Its housing vacancy rate is 11.1%, compared with 9.1% in Pennsylvania.
Housing Stock
| Metric | Lycoming County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.30 people | 2.39 people | 2.53 people |
| Median Structure Built Year | 1964 | 1966 | 1978 |
| Median Number of Rooms | 5.9 | 6.0 | 5.5 |
The typical housing unit in Lycoming County was built around 1964. On average, 2.3 people live in a home with about 5.9 rooms, staying for about 17.0 years on average.
Lycoming County, PA Housing Compared With Nearby Counties
Lycoming County, PA is the largest of the 4 counties compared here, 113,489 residents against a local median of 40,945. The measure that sets Lycoming County, PA apart most is median home price: $112,790, 33% below the local median of $168,160.
The counties themselves spread $136,270 on median home price, so Lycoming County, PA sits at one end of an already wide local range rather than apart from it. Lycoming County, PA has the 3rd highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Lycoming County, PA | 113,489 | $112,790 #3/4 | $913 #3/4 | 69.1% #4/4 |
| Union County, PA | 42,451 | $184,523 | $973 | 72.3% |
| Tioga County, PA | 40,945 | $168,160 | $862 | 77.4% |
| Snyder County, PA | 39,662 | $48,253 | $929 | 75.6% |
Frequently Asked Questions
Common questions about the housing market in Lycoming County, Pennsylvania.
What is the median home price in Lycoming County, Pennsylvania?
The median home price in Lycoming County, Pennsylvania is $112,790, lower than the Pennsylvania average of $152,469.
What is the average home price in Lycoming County, Pennsylvania?
The typical home price in Lycoming County, Pennsylvania, reported as the median sale price, is $112,790. 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 Lycoming County, Pennsylvania?
The median gross rent in Lycoming County, Pennsylvania is $913 per month, lower than the Pennsylvania average of $1,208.
What was the median gross rent in Lycoming County in 2020?
In 2020, the median gross rent in Lycoming County, Pennsylvania was $796 per month.
What is the price-to-rent ratio in Lycoming County, Pennsylvania?
The price-to-rent ratio in Lycoming County, Pennsylvania is about 10.3, meaning it would take roughly 10.3 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 Lycoming County.
Are home prices or rent rising faster in Lycoming County, Pennsylvania?
Both home prices and rent are rising in Lycoming County, up about 6.4% and 2.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Lycoming County, Pennsylvania?
61.4% of households in Lycoming County, Pennsylvania own their home, lower than the Pennsylvania average of 63.0%.
What is the vacancy rate in Lycoming County, Pennsylvania?
The housing vacancy rate in Lycoming County, Pennsylvania is 11.1%, higher than the Pennsylvania average of 9.1%.
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