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 | Snyder County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Median Home Price | $72,790 | $154,283 | $242,182 |
| Price Trend (Annual %) | 9.0% | 4.4% | 8.2% |
| Median Gross Rent | $889 | $1,161 | $1,342 |
| Rent Trend (Annual %) | 4.0% | 4.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Snyder County is about 53% lower than in Pennsylvania. Rent is about 23% 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 Snyder County, up about 9.0% and 4.0% a year respectively. Home prices are changing faster.
Median rent in Snyder County rose about 28.2% between 2015 and 2023, from $694 to $889. Over the same span, rent in Pennsylvania rose about 38.3%.
Affordability
On average, housing unit costs 1.1 yearly household incomes in Snyder County.
Buying the median-priced home in Snyder County costs roughly 6.8 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 Snyder County. The price-to-rent ratio in Pennsylvania is about 11.1.
| Metric | Snyder County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Median Home Price | $72,790 | $154,283 | $242,182 |
| Median Household Income | $68,070 | $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 Snyder County fell about 2.3%, while median household income rose about 52.3% 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 | Snyder County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 67.4% | 62.8% | 58.2% |
| Rental Rate | 23.3% | 27.8% | 31.3% |
| Vacancy Rate | 9.3% | 9.4% | 10.6% |
| Median Tenure (years) | 19.0 | 17.0 | 15.0 |
| Median Year Moved In | 2007 | 2009 | 2011 |
Snyder County has a homeownership rate of 67.4%, higher than the Pennsylvania average of 62.8%. Its housing vacancy rate is 9.3%, compared with 9.4% in Pennsylvania.
Housing Stock
| Metric | Snyder County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.52 people | 2.40 people | 2.54 people |
| Median Structure Built Year | 1969 | 1965 | 1978 |
| Median Number of Rooms | 6.3 | 6.0 | 5.5 |
The typical housing unit in Snyder County was built around 1969. On average, 2.5 people live in a home with about 6.3 rooms, staying for about 19.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Snyder County, Pennsylvania.
What is the median home price in Snyder County, Pennsylvania?
The median home price in Snyder County, Pennsylvania is $72,790, lower than the Pennsylvania average of $154,283.
What is the average home price in Snyder 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 Snyder County, Pennsylvania?
The median gross rent in Snyder County, Pennsylvania is $889 per month, lower than the Pennsylvania average of $1,161.
What was the median gross rent in Snyder County in 2020?
In 2020, the median gross rent in Snyder County, Pennsylvania was $750 per month.
What is the price-to-rent ratio in Snyder County, Pennsylvania?
The price-to-rent ratio in Snyder County, Pennsylvania is about 6.8, meaning it would take roughly 6.8 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 Snyder County.
Are home prices or rent rising faster in Snyder County, Pennsylvania?
Both home prices and rent are rising in Snyder County, up about 9.0% and 4.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Snyder County, Pennsylvania?
67.4% of households in Snyder County, Pennsylvania own their home, higher than the Pennsylvania average of 62.8%.
What is the vacancy rate in Snyder County, Pennsylvania?
The housing vacancy rate in Snyder County, Pennsylvania is 9.3%, lower than the Pennsylvania average of 9.4%.