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Compass Real Estate · ZIP 16803
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16803 ZIP Code Housing Market
$459,990median sale price
What is the 16803 housing market like right now?
The median home sale price in ZIP code 16803 is $459,990, up 14.3% year-over-year. Homes sell in an average of 7 days with 25 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is the 16803 ZIP code a buyer's or seller's market?
ZIP code 16803 is currently a seller's market and homes selling in about 7 days. How we determine this →
What are the latest 16803 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $459,990 |
| Median list price | $429,000 |
| Year-over-year price change | +14.3% |
| Average days on market | 7 days |
| Active inventory | 25 listings |
| Sale-to-list price ratio | 100.6% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
The 16803 zip code, located in Park Forest Village, PA, is currently classified as a seller's market. The median sale price stands at $459,990, representing a +14.3% change year over year. Homes in this area spend an average of 7 days on the market before going under contract. There are currently 25 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 16803 sits in the Park Forest Village, PA area, roughly 1 miles from downtown Park Forest Village. Because home prices are set street by street, this ZIP can move differently from Park Forest Village's citywide averages. The figures below reflect 16803 specifically — drawn from Redfin transactions, U.S. Census data for its 23,977 residents, and Zillow value estimates.
Homes sold
73
Last 12 weeks
Days on market
7
Fast-moving
Active listings
25
Sale-to-list
100.6%
Above asking
What is driving the 16803 housing market?
The 16803 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a seller's market, homes are selling at approximately 100.6% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 16803 have increased +14.3% compared to last year, suggesting continued demand and potential for further appreciation. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 16803 stands at $425,962, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $1,904 per month. This gives a price-to-rent ratio of approximately 18.6, which sits in a moderate range where the buy-versus-rent decision depends heavily on individual financial circumstances and time horizon. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Who lives in 16803?
Population
23,977
Median income
$73,532/yr
Median age
31.1 years
Owner-occupied
43.9%
College grads
73.1%
Avg commute
15.34 min
What is it like living in 16803?
Zip code 16803 is home to approximately 23,977 residents. The median household income is $73,532 per year, which shapes the types of homes and amenities available in the area. With a median age of 31.1 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 43.9% of housing units are owner-occupied, showing a healthy mix of homeowners and renters that contributes to a diverse community.
About 73.1% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 15.34 minutes, which is shorter than the national average and suggests good proximity to employment centers. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 16803.
Which public schools serve ZIP 16803?
3 schools tracked · 1,653 students
The largest public schools serving ZIP code 16803 by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Park Forest MS
Grades 6-8 · 808 students
Radio Park El Sch
Grades K-5 · 432 students
Park Forest El Sch
Grades K-5 · 413 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Frequently asked questions about 16803
What is the median home price in 16803?
The current median sale price in 16803 is $459,990, based on recent Redfin transaction data. Prices have changed +14.3% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 16803 a buyer's or seller's market?
The 16803 zip code is currently classified as a seller's market. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population of zip code 16803?
Zip code 16803 has a population of approximately 23,977 residents. The median household income is $73,532 per year. About 43.9% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 16803?
Properties Incorporated provides comprehensive data for 16803 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 16803 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
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