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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Old Forge, PA Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Old Forge, PA Housing Market Trends

With a population of 8,572, 3,801 total housing units (homes and apartments), and a median house value of $200,739, house prices in Old Forge are solidly below the national average.

Single-family detached homes are the single most common housing type in Old Forge, accounting for 73.41% of the borough's housing units. Other types of housing that are prevalent in Old Forge include duplexes, homes converted to apartments or other small apartment buildings ( 19.18%), row houses and other attached homes ( 3.88%), and a few large apartment complexes or high rise apartments ( 1.93%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Old Forge. Owner-occupied housing accounts for 70.59% of Old Forge's homes, and 58.40% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Old Forge's housing was primarily built during this period, from the '40s through the '60s. A full 33.37% of the borough's housing hails from this era. Other housing ages represented in Old Forge include homes built before 1939 ( 31.64%) and housing constructed between 1970-1999 ( 28.72%). There's also some housing in Old Forge built between 2000 and later ( 6.28%).

Old Forge Home Appreciation Rates

Old Forge's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Old Forge during the period has been just 4.89%, which is lower than 70% of US communities.

Over the last year, Old Forge appreciation rates have trailed the rest of the nation. In the last twelve months, Old Forge's appreciation rate has been 3.76%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Old Forge were at 0.69%, which equates to an annual appreciation rate of 2.80%.

Relative to Pennsylvania, our data show that Old Forge's latest annual appreciation rate is lower than 90% of the other cities and towns in Pennsylvania.

Average Home Values

Median Home Value

$200,739

Old Forge, PA Home Prices
> $1,323,000
$993,001 - $1,323,000
$662,001 - $993,000
$530,001 - $662,000
$397,001 - $530,000
$265,001 - $397,000
$132,001 - $265,000
$66,001 - $132,000
$0 - $66,000
0.2%
0.2%
0.0%
0.0%
0.9%
0.9%
1.7%
1.7%
5.5%
5.5%
19.9%
19.9%
56.3%
56.3%
12.1%
12.1%
3.5%
3.5%
0% 100.0%
% of Homes
Low

for Pennsylvania

Low

for nation

Number of Homes And Apartments:

3,801

Old Forge Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,277 / per month

Homeownership Rate

Owners
Renters
70.6%
70.6%
29.4%
29.4%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
6.1%
6.1%
93.9%
93.9%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
6.3%
6.3%
28.7%
28.7%
33.4%
33.4%
31.6%
31.6%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
73.4%
73.4%
3.9%
3.9%
19.2%
19.2%
1.9%
1.9%
1.6%
1.6%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.5%
1.5%
9.6%
9.6%
30.0%
30.0%
45.1%
45.1%
13.3%
13.3%
0.4%
0.4%
0% 100.0%
% of Homes