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Falls Creek borough, PA

ZIP 15840 — 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 15840

Median Home Value
$118,900
Median Rent
$656
Affordability Snapshot
$33,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$764/mo PITI).

14%
Rent-to-Income Ratio

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

2.2x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

15.1 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 15840 in Falls Creek borough, PA, a household would need roughly $33,000 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 $764. That sits below the local median household income ($55,125), 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 19% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
76.2%+17% vs US avg
x
Vacancy Rate
18.5%+80% vs US avg
x
Broadband Access
85.5%-2% vs US avg
x
4+ Bedrooms
6.3%-57% vs US avg
x
Built Pre-1939
8.3%-35% vs US avg
x
Built Post-2014
0.3%-95% vs US avg
x
Rent Burden >30%
15.2%-69% vs US avg
x
Mortgage-Free
63.6%+66% vs US avg
x
$118,900
Home Value
$656
Rent
1965
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 detached80.0%
  • 1-unit attached1.3%
  • 2-9 units11.3%
  • 10+ units0.0%
  • Mobile home & other7.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$118,900
Median rent$656
Owner-occupied76.2%
Vacant18.5%
Price-to-income2.2x
Est. income to buy$33,000