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Park Forest Village CDP, PA

ZIP 16803 — Housing & Real Estate

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

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 16803

Median Home Value
$395,800
Median Rent
$1,235
Affordability Snapshot
$109,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,543/mo PITI).

21%
Rent-to-Income Ratio

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

5.5x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

26.7 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 16803 in Park Forest Village CDP, PA, a household would need roughly $109,000 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 $2,543. That is about 51% above the local median household income ($71,993), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 13% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
44.1%-33% vs US avg
x
Vacancy Rate
12.9%+25% vs US avg
x
Broadband Access
85.3%-2% vs US avg
x
4+ Bedrooms
4.6%-69% vs US avg
x
Built Pre-1939
1.8%-86% vs US avg
x
Built Post-2014
0.8%-89% vs US avg
x
Rent Burden >30%
38.9%-22% vs US avg
x
Mortgage-Free
33.7%-12% vs US avg
x
$395,800
Home Value
$1,235
Rent
1988
Year Built
2018
Moved In

Residents have lived here since ~2018 on average

Housing Structure

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

  • 1-unit detached44.4%
  • 1-unit attached8.4%
  • 2-9 units14.5%
  • 10+ units31.3%
  • Mobile home & other1.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$395,800
Median rent$1,235
Owner-occupied44.1%
Vacant12.9%
Price-to-income5.5x
Est. income to buy$109,000