Sharon, 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 Sharon, Pennsylvania rental market.
Sharon, Pennsylvania
Average Apartment Rent
$800
Y-o-Y Change in Average
Apartment Rent
-2.4%
As of November 2024
Compared to a year ago, Sharon, Pennsylvania apartments have recorded a -2.4% rent decrease.
Sharon, Pennsylvania Average apartment rent trend
Sharon, Pennsylvania Average Apartment Rent
Sharon, Pennsylvania Housing tenure**
Renters take up 46% of Sharon, Pennsylvania real estate, occupying a total of 2,811 units, while homeowners live in 3,333 properties.
Median number of rooms of renter-occupied housing units**
4.5
Renter median household income**
$21,966
Average household size of renter-occupied housing units**
1.94
Rental vacancy rate**
3.5%
Sharon, Pennsylvania Renter-occupied housing units by no. of bedrooms**
There are 923 rentals in Sharon, Pennsylvania with 2 beds making up the highest share of the market, at 33%. Units with 4 beds, on the other hand, hold the lowest percentage (3%), amounting to 75 units. Overall, the median number of rooms in Sharon, Pennsylvania homes for rent is 4.5.
Sharon, Pennsylvania Renter-occupied units by age of householder**
Most condos for rent in Sharon, Pennsylvania are occupied by residents in the 25 - 34 years age group (21%), followed by those in the 45 - 54 years age group (19%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 2%.
Sharon, Pennsylvania Renter-occupied housing units by family type**
Sharon, Pennsylvania Renter-occupied housing units by the presence of own children**
A total of 1,264 apartments for rent in Sharon, Pennsylvania, or 45% of all rentals are family households. Additionally, 24% of rental homes include children under the age of 18 – that’s 683 units. All in all, the median size of a renter-occupied household in Sharon, Pennsylvania is 1.94.
Sharon, Pennsylvania Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 12% of the rental market. In contrast, residents with less than a high school degree reside in 16% of the homes for rent in Sharon, Pennsylvania.
Sharon, Pennsylvania Renter-occupied units by year structure built**
The highest share of Sharon, Pennsylvania apartment rentals, namely 36% or 1,012 units, were Built 1939 or earlier, followed by those Built 1970 - 1979 (16%, 463 units), and the ones Built 1950 - 1959 (15%, 424 units).
Sharon, Pennsylvania Renter-occupied units by year householder moved in**
Median year renter moved into unit 2015
Most Sharon, Pennsylvania renters (40%) moved in 2010 to 2017, while only 3% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Sharon, Pennsylvania condos for rent is 2015.
Sharon, Pennsylvania Renter-occupied housing units by vehicles available**
When it comes to transportation options, 48% of Sharon, Pennsylvania renters have 1 vehicle available per household, 36% of them have No vehicle available, and 11% have 2 vehicles available.
Sharon, Pennsylvania Means of transportation to work of householders living in renter-occupied housing units**
Sharon, Pennsylvania Geographical mobility in the past year for householders living in renter-occupied housing units**
Sharon, 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 Sharon, 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
