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 | Tioga County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Median Home Price | $182,138 | $154,283 | $242,182 |
| Price Trend (Annual %) | 6.7% | 4.4% | 8.2% |
| Median Gross Rent | $850 | $1,161 | $1,342 |
| Rent Trend (Annual %) | 3.2% | 4.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Tioga County is about 18% higher than in Pennsylvania. Rent is about 27% 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 Tioga County, up about 6.7% and 3.2% a year respectively. Home prices are changing faster.
Median rent in Tioga County rose about 23.7% between 2015 and 2023, from $687 to $850. Over the same span, rent in Pennsylvania rose about 38.3%.
Affordability
On average, housing unit costs 2.9 yearly household incomes in Tioga County.
Buying the median-priced home in Tioga County costs roughly 17.9 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 Tioga County. The price-to-rent ratio in Pennsylvania is about 11.1.
| Metric | Tioga County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Median Home Price | $182,138 | $154,283 | $242,182 |
| Median Household Income | $63,156 | $76,231 | $78,145 |
| Price-to-Income Ratio | 2.9 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Tioga County rose about 72.8%, while median household income rose about 58.6% 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 | Tioga County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 59.2% | 62.8% | 58.2% |
| Rental Rate | 18.0% | 27.8% | 31.3% |
| Vacancy Rate | 22.8% | 9.4% | 10.6% |
| Median Tenure (years) | 18.0 | 17.0 | 15.0 |
| Median Year Moved In | 2008 | 2009 | 2011 |
Tioga County has a homeownership rate of 59.2%, lower than the Pennsylvania average of 62.8%. Its housing vacancy rate is 22.8%, compared with 9.4% in Pennsylvania.
Housing Stock
| Metric | Tioga County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.41 people | 2.40 people | 2.54 people |
| Median Structure Built Year | 1966 | 1965 | 1978 |
| Median Number of Rooms | 5.9 | 6.0 | 5.5 |
The typical housing unit in Tioga County was built around 1966. On average, 2.4 people live in a home with about 5.9 rooms, staying for about 18.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Tioga County, Pennsylvania.
What is the median home price in Tioga County, Pennsylvania?
The median home price in Tioga County, Pennsylvania is $182,138, higher than the Pennsylvania average of $154,283.
What is the average home price in Tioga 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 Tioga County, Pennsylvania?
The median gross rent in Tioga County, Pennsylvania is $850 per month, lower than the Pennsylvania average of $1,161.
What was the median gross rent in Tioga County in 2020?
In 2020, the median gross rent in Tioga County, Pennsylvania was $727 per month.
What is the price-to-rent ratio in Tioga County, Pennsylvania?
The price-to-rent ratio in Tioga County, Pennsylvania is about 17.9, meaning it would take roughly 17.9 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 Tioga County.
Are home prices or rent rising faster in Tioga County, Pennsylvania?
Both home prices and rent are rising in Tioga County, up about 6.7% and 3.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Tioga County, Pennsylvania?
59.2% of households in Tioga County, Pennsylvania own their home, lower than the Pennsylvania average of 62.8%.
What is the vacancy rate in Tioga County, Pennsylvania?
The housing vacancy rate in Tioga County, Pennsylvania is 22.8%, higher than the Pennsylvania average of 9.4%.