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 | Westmoreland County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Median Home Price | $140,309 | $154,283 | $242,182 |
| Price Trend (Annual %) | 6.4% | 4.4% | 8.2% |
| Median Gross Rent | $842 | $1,161 | $1,342 |
| Rent Trend (Annual %) | 3.5% | 4.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Westmoreland County is about 9% lower 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 Westmoreland County, up about 6.4% and 3.5% a year respectively. Home prices are changing faster.
Median rent in Westmoreland County rose about 28.8% between 2015 and 2023, from $654 to $842. Over the same span, rent in Pennsylvania rose about 38.3%.
Affordability
On average, housing unit costs 1.9 yearly household incomes in Westmoreland County.
Buying the median-priced home in Westmoreland County costs roughly 13.9 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 Westmoreland County. The price-to-rent ratio in Pennsylvania is about 11.1.
| Metric | Westmoreland County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Median Home Price | $140,309 | $154,283 | $242,182 |
| Median Household Income | $72,845 | $76,231 | $78,145 |
| Price-to-Income Ratio | 1.9 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Westmoreland County rose about 43.5%, while median household income rose about 55.6% 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 | Westmoreland County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 71.7% | 62.8% | 58.2% |
| Rental Rate | 19.9% | 27.8% | 31.3% |
| Vacancy Rate | 8.3% | 9.4% | 10.6% |
| Median Tenure (years) | 20.0 | 17.0 | 15.0 |
| Median Year Moved In | 2006 | 2009 | 2011 |
Westmoreland County has a homeownership rate of 71.7%, higher than the Pennsylvania average of 62.8%. Its housing vacancy rate is 8.3%, compared with 9.4% in Pennsylvania.
Housing Stock
| Metric | Westmoreland County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.24 people | 2.40 people | 2.54 people |
| Median Structure Built Year | 1963 | 1965 | 1978 |
| Median Number of Rooms | 6.2 | 6.0 | 5.5 |
The typical housing unit in Westmoreland County was built around 1963. On average, 2.2 people live in a home with about 6.2 rooms, staying for about 20.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Westmoreland County, Pennsylvania.
What is the median home price in Westmoreland County, Pennsylvania?
The median home price in Westmoreland County, Pennsylvania is $140,309, lower than the Pennsylvania average of $154,283.
What is the average home price in Westmoreland 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 Westmoreland County, Pennsylvania?
The median gross rent in Westmoreland County, Pennsylvania is $842 per month, lower than the Pennsylvania average of $1,161.
What was the median gross rent in Westmoreland County in 2020?
In 2020, the median gross rent in Westmoreland County, Pennsylvania was $732 per month.
What is the price-to-rent ratio in Westmoreland County, Pennsylvania?
The price-to-rent ratio in Westmoreland County, Pennsylvania is about 13.9, meaning it would take roughly 13.9 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 Westmoreland County.
Are home prices or rent rising faster in Westmoreland County, Pennsylvania?
Both home prices and rent are rising in Westmoreland County, up about 6.4% and 3.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Westmoreland County, Pennsylvania?
71.7% of households in Westmoreland County, Pennsylvania own their home, higher than the Pennsylvania average of 62.8%.
What is the vacancy rate in Westmoreland County, Pennsylvania?
The housing vacancy rate in Westmoreland County, Pennsylvania is 8.3%, lower than the Pennsylvania average of 9.4%.