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Fredonia borough, PA

ZIP 16124 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 16124

Median Home Value
$165,200
Median Rent
$686
Affordability Snapshot
$45,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,061/mo PITI).

15%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.9x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

20.1 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 16124 in Fredonia borough, PA, a household would need roughly $45,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,061. That sits below the local median household income ($56,597), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 12% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
78.7%+20% vs US avg
x
Vacancy Rate
11.8%+14% vs US avg
x
Broadband Access
76.1%-13% vs US avg
x
4+ Bedrooms
6.2%-58% vs US avg
x
Built Pre-1939
13.3%+4% vs US avg
x
Built Post-2014
0.3%-96% vs US avg
x
Rent Burden >30%
25.2%-49% vs US avg
x
Mortgage-Free
55.0%+44% vs US avg
x
$165,200
Home Value
$686
Rent
1960
Year Built
2006
Moved In

Residents have lived here since ~2006 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached82.9%
  • 1-unit attached1.1%
  • 2-9 units4.2%
  • 10+ units0.9%
  • Mobile home & other10.9%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$165,200
Median rent$686
Owner-occupied78.7%
Vacant11.8%
Price-to-income2.9x
Est. income to buy$45,000