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 | Sullivan County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Median Home Price | $150,000 | $154,283 | $242,182 |
| Price Trend (Annual %) | 12.4% | 4.4% | 8.2% |
| Median Gross Rent | $780 | $1,161 | $1,342 |
| Rent Trend (Annual %) | 4.8% | 4.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Sullivan County is about 3% lower than in Pennsylvania. Rent is about 33% 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 Sullivan County, up about 12.4% and 4.8% a year respectively. Home prices are changing faster.
Median rent in Sullivan County rose about 35.0% between 2015 and 2023, from $578 to $780. Over the same span, rent in Pennsylvania rose about 38.3%.
Affordability
On average, housing unit costs 2.4 yearly household incomes in Sullivan County.
Buying the median-priced home in Sullivan County costs roughly 16.0 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Sullivan County. The price-to-rent ratio in Pennsylvania is about 11.1.
| Metric | Sullivan County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Median Home Price | $150,000 | $154,283 | $242,182 |
| Median Household Income | $63,155 | $76,231 | $78,145 |
| Price-to-Income Ratio | 2.4 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Sullivan County rose about 55.2%, while median household income rose about 68.8% 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 | Sullivan County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 37.7% | 62.8% | 58.2% |
| Rental Rate | 7.6% | 27.8% | 31.3% |
| Vacancy Rate | 54.7% | 9.4% | 10.6% |
| Median Tenure (years) | 21.0 | 17.0 | 15.0 |
| Median Year Moved In | 2005 | 2009 | 2011 |
Sullivan County has a homeownership rate of 37.7%, lower than the Pennsylvania average of 62.8%. Its housing vacancy rate is 54.7%, compared with 9.4% in Pennsylvania.
Housing Stock
| Metric | Sullivan County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.17 people | 2.40 people | 2.54 people |
| Median Structure Built Year | 1973 | 1965 | 1978 |
| Median Number of Rooms | 5.3 | 6.0 | 5.5 |
The typical housing unit in Sullivan County was built around 1973. On average, 2.2 people live in a home with about 5.3 rooms, staying for about 21.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Sullivan County, Pennsylvania.
What is the median home price in Sullivan County, Pennsylvania?
The median home price in Sullivan County, Pennsylvania is $150,000, lower than the Pennsylvania average of $154,283.
What is the average home price in Sullivan 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 Sullivan County, Pennsylvania?
The median gross rent in Sullivan County, Pennsylvania is $780 per month, lower than the Pennsylvania average of $1,161.
What was the median gross rent in Sullivan County in 2020?
In 2020, the median gross rent in Sullivan County, Pennsylvania was $648 per month.
What is the price-to-rent ratio in Sullivan County, Pennsylvania?
The price-to-rent ratio in Sullivan County, Pennsylvania is about 16.0, meaning it would take roughly 16.0 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Sullivan County.
Are home prices or rent rising faster in Sullivan County, Pennsylvania?
Both home prices and rent are rising in Sullivan County, up about 12.4% and 4.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Sullivan County, Pennsylvania?
37.7% of households in Sullivan County, Pennsylvania own their home, lower than the Pennsylvania average of 62.8%.
What is the vacancy rate in Sullivan County, Pennsylvania?
The housing vacancy rate in Sullivan County, Pennsylvania is 54.7%, higher than the Pennsylvania average of 9.4%.