Clarks Summit, Pennsylvania Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Clarks Summit, Pennsylvania rental market.
Clarks Summit, Pennsylvania
Average Apartment Rent
$1,621
Y-o-Y Change in Average
Apartment Rent
-4.1%
As of July 2024
Compared to a year ago, Clarks Summit, Pennsylvania apartments have recorded a -4.1% rent decrease.
Clarks Summit, Pennsylvania |Average apartment rent trend
Clarks Summit, Pennsylvania| Average apartment rent
Clarks Summit, Pennsylvania | Apartment rent ranges
At 47.55%, apartments priced $1,500 - $2,000 represent the bulk of Clarks Summit, Pennsylvania rentals, while condos priced Over $2,000 hold the lowest share of the market – 9.2%.
Clarks Summit, Pennsylvania | Housing tenure**
Renters take up 25% of Clarks Summit, Pennsylvania real estate, occupying a total of 564 units, while homeowners live in 1,718 properties.
Median number of rooms of renter-occupied housing units**
4.1
Renter median household income**
$63,333
Average household size of renter-occupied housing units**
1.66
Clarks Summit, Pennsylvania | Renter-occupied housing units by no. of bedrooms**
There are 236 rentals in Clarks Summit, Pennsylvania with 1 bed making up the highest share of the market, at 42%. Units with 4 beds, on the other hand, hold the lowest percentage (3%), amounting to 17 units. Overall, the median number of rooms in Clarks Summit, Pennsylvania homes for rent is 4.1.
Clarks Summit, Pennsylvania |Renter-occupied units by age of householder**
Most condos for rent in Clarks Summit, Pennsylvania are occupied by residents in the 25 - 34 years age group (31%), followed by those in the 75 - 84 years age group (19%). At the same time, people in the 35 - 44 years age group make up the lowest share of the local rental market – 3%.
Clarks Summit, Pennsylvania | Renter-occupied housing units by family type**
Clarks Summit, Pennsylvania | Renter-occupied housing units by the presence of own children**
A total of 156 apartments for rent in Clarks Summit, Pennsylvania, or 28% of all rentals are family households. Additionally, 6% of rental homes include children under the age of 18 – that’s 32 units. All in all, the median size of a renter-occupied household in Clarks Summit, Pennsylvania is 1.66.
Clarks Summit, Pennsylvania | Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 40% of the rental market. In contrast, residents with less than a high school degree reside in 6% of the homes for rent in Clarks Summit, Pennsylvania.
Clarks Summit, Pennsylvania | Renter-occupied units by year structure built**
The highest share of Clarks Summit, Pennsylvania apartment rentals, namely 26% or 148 units, were Built 1970 - 1979, followed by those Built 1960 - 1969 (26%, 145 units), and the ones Built 1939 or earlier (17%, 98 units).
Clarks Summit, Pennsylvania | Renter-occupied units by year householder moved in**
Median year renter moved into unit2014
Most Clarks Summit, Pennsylvania renters (39%) moved in 2010 to 2017, while only 6% of them moved in 2021 or later. Overall, the median year renters have occupied their Clarks Summit, Pennsylvania condos for rent is 2014.
Clarks Summit, Pennsylvania | Renter-occupied housing units by vehicles available**
When it comes to transportation options, 61% of Clarks Summit, Pennsylvania renters have 1 vehicle available per household, 19% of them have 2 vehicles available, and 14% have 3 or more vehicles available.
Clarks Summit, Pennsylvania | Means of transportation to work of householders living in renter-occupied housing units**
Clarks Summit, Pennsylvania |Geographical mobility in the past year for householders living in renter-occupied housing units**
Clarks Summit, Pennsylvania | Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Clarks Summit, Pennsylvania apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates