The story of this market
The typical home in ZIP 16117 sells for about $154,000, or $118 per square foot.
Prices are down 3.7% from a year ago, which gives buyers more room to negotiate. Homes take about 49 days to sell. HUD's fair market rent for a two-bedroom is $1,110 a month.
ZIP 16117 — Ellwood City
The housing market in 16117 is currently neutral, characterized by a median home value of approximately $154,000 and a stable inventory of active listings. Market activity is driven by local demand for affordable, established single-family homes, with prices showing a slight year-over-year decline. Rental demand remains steady, with median rents around $1,110 per month.
This ZIP code is well-suited for budget-conscious family buyers and long-term residents seeking an established, small-town environment with access to regional employment hubs.
Median prices moved down 3.7% year over year.
Homes spend a median of 49 days on market with 3.1 months of supply — a fast-moving market.
12% of listings have cut prices · homes sell at 98.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.6% · poverty 7.7% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 2.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 16117, Lawrence County PA
The area is served by the Ellwood City Area School District, which provides public education for the local community.
The area is subject to standard regional climate risks including seasonal flooding and winter weather; property insurance remains available but premiums are influenced by regional hazard exposure.
Economic momentum is driven by local manufacturing and service sectors in the Ellwood City area, with steady but modest infrastructure maintenance and development.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Pennsylvania) — Homestead/Farmstead Exclusion: Formula: (Assessed Value - Exclusion Amount) × Tax Rate = Tax Owed. Exclusion amount varies by school district and county. State (Pennsylvania) — Property Tax Assessment: Tax = Assessed Value × Local Millage Rate (1 mill = $1 per $1,000 of assessed value).
Residents primarily commute by car, with access to regional corridors connecting to the Pittsburgh metropolitan area for employment.
The area features local parks, community sports facilities, and proximity to the Connoquenessing Creek for outdoor recreation.
The rental market is characterized by stable demand and limited new supply, with rents trending upward in line with regional HUD fair market rent adjustments.
The local economy is anchored by manufacturing, healthcare, and retail services, with many residents commuting to the broader Pittsburgh MSA for employment.
Transportation is primarily highway-dependent, with regional bus services providing limited connectivity to the Pittsburgh employment core.
Development is focused on small-scale residential infill and local commercial improvements within the borough.
Lawrence County utilizes a county-wide assessment system to determine property values for tax purposes.
Parcels are subject to school district taxes and local municipal levies; no major MUD/PID districts are reported.
Property insurance market is stable, though premiums are sensitive to regional weather-related claims.
Data retrieved from US Census Bureau and ACS 5-year estimates.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment. Source: NCES EDGE public school locations 2023-24.
Features walking trails, sports fields, and picnic areas.
Provides local fishing and recreational access.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.