Penn, PA housing market
Home prices around Penn have risen about 56% over the past 5 years. Builders were permitted 148 new homes in 2025.
Home values, sales, trends and how Penn compares with the towns next door — updated as new data is published.
Home prices up 56% in 5 years
The federal house price index for the ZIP codes around Penn rose 56% over the past 5 years, faster than across Pennsylvania (48%). Last year prices rose 2.7%. Carrying the Census median home value forward with that index puts the typical Penn home at roughly $547,000 today.
Show as a table
| Year | Change that year | Since 2000 | Pennsylvania since 2000 |
|---|---|---|---|
| 2025 | +2.7% | +175% | +164% |
| 2024 | +11% | +168% | +152% |
| 2023 | +8.9% | +142% | +138% |
| 2022 | +13% | +122% | +122% |
| 2021 | +11% | +96% | +96% |
| 2020 | +3.3% | +76% | +79% |
| 2019 | +5.7% | +70% | +72% |
| 2018 | +3.2% | +61% | +66% |
| 2017 | +4.3% | +56% | +59% |
| 2016 | +2.8% | +50% | +53% |
| 2015 | +4.1% | +46% | +49% |
| 2014 | −0.1% | +40% | +46% |
| 2013 | +0.1% | +40% | +43% |
| 2012 | −1.5% | +40% | +42% |
| 2011 | −2.3% | +42% | +45% |
| 2010 | −1.6% | +45% | +48% |
| 2009 | −2.7% | +48% | +52% |
| 2008 | +0.3% | +52% | +57% |
| 2007 | +3.7% | +52% | +59% |
| 2006 | +7.8% | +46% | +55% |
| 2005 | +11% | +36% | +44% |
| 2004 | +9.6% | +22% | +29% |
| 2003 | +4.5% | +11% | +17% |
| 2002 | +4.5% | +6.4% | +12% |
| 2001 | +1.9% | +1.9% | +6.2% |
| 2000 | — | — | — |
How Penn ranks on rising home prices →
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 17545, 17543, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost. The estimated value scales the Census (ACS 2020-2024) median home value by that change.
148 new homes permitted in 2025
Builders were permitted 148 new homes in Penn in 2025: 92 single-family houses and 56 in buildings with two or more homes, worth about $25.7 million to build. That's 14 per 1,000 residents, faster than across Pennsylvania (2). Over the past 10 years, Penn has permitted 778 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Penn gained 1,421 residents while 541 new homes were permitted: about 2.6 new residents per new home. Building and growth moved roughly in step. Across Pennsylvania: 1.4 new residents per new home.
How Penn ranks on housing keeping up with growth →
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 135 | 31 | 104 | $18.7 million |
| 2025 | 148 | 92 | 56 | $25.7 million |
| 2024 | 85 | 41 | 44 | $10.4 million |
| 2023 | 61 | 3 | 58 | $5.9 million |
| 2022 | 180 | 102 | 78 | $21.2 million |
| 2021 | 12 | 12 | 0 | $1.1 million |
| 2020 | 18 | 18 | 0 | $3.8 million |
| 2019 | 52 | 52 | 0 | $7.6 million |
| 2018 | 53 | 53 | 0 | $7.8 million |
| 2017 | 55 | 37 | 18 | $8.5 million |
| 2016 | 114 | 34 | 80 | $18.1 million |
| 2015 | 119 | 39 | 80 | $20.1 million |
| 2014 | 32 | 32 | 0 | $11 million |
| 2013 | 18 | 18 | 0 | $4.6 million |
| 2012 | 26 | 26 | 0 | $5.3 million |
| 2011 | 28 | 28 | 0 | $5.7 million |
| 2010 | 44 | 38 | 6 | $8.9 million |
| 2009 | 53 | 53 | 0 | $10.7 million |
| 2008 | 82 | 64 | 18 | $14.6 million |
| 2007 | 84 | 84 | 0 | $13.8 million |
| 2006 | 101 | 101 | 0 | $16.7 million |
| 2005 | 108 | 100 | 8 | $13.5 million |
| 2004 | 51 | 49 | 2 | $6.2 million |
| 2003 | 78 | 18 | 60 | $9.2 million |
| 2002 | 56 | 20 | 36 | $6.5 million |
| 2001 | 36 | 26 | 10 | $4.7 million |
| 2000 | 37 | 19 | 18 | $5.1 million |
How Penn ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Penn and its neighbors
| Town | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|
| Penn | +2.7%† | $1,540 | 148 | $87,620 |
| Rapho | +1.3%† | $1,520 | 8 | $86,716 |
| Manheim | −0.7%† | $1,530 | 0 | $81,273 |
| Warwick | +7.8%† | $1,560 | 95 | $104,013 |
| Elizabeth | +8.8%† | $1,560 | 5 | $99,583 |
| East Hempfield | +3.6%† | $1,590 | 51 | $99,384 |
| Manheim | +6.3%† | $1,670 | 163 | $102,134 |
† FHFA price index change, where Zillow has no home value for the town.
3.7 years of income
The typical Penn home costs about 3.7 years of the town's median household income, about the same as across Pennsylvania (3.7).
How Penn ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,540
HUD's Fair Market Rent for a two-bedroom in Penn is $1,540 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Penn pay a median of $1,436. A two-bedroom takes about 21% of the town's median household income.
Studio $1,110 · 4 bedrooms $2,040
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (17543, 17545; Lancaster, PA MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Penn
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.