Hyde Park, PA
Population 484 · Pennsylvania
About Hyde Park, PA
Hyde Park is a small community located in Pennsylvania with a population of 484 residents according to the latest US Census Bureau American Community Survey data. The median household income is $67,344 per year, which is 10% below the national median of $75,149. The median age of 41.5 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Hyde Park features a median home value of $123,000, which is 50% below the national median of $244,900. This makes Hyde Park one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $815, 30% below the national average of $1,163/month. Of the 237 total housing units, 70% are owner-occupied (144 units) and 30% are renter-occupied (63 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Hyde Park shows an unemployment rate of 8.7%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 7.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Hyde Park have an average one-way commute time of 28.4 minutes.
Education & Demographics
20.2% of Hyde Park residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 2.3% Hispanic or Latino, 1.2% Black or African American, and 0.0% Asian residents, with 1.4% of the population being foreign-born.
Cost of Living in Hyde Park, PA
Compared to national averages, Hyde Park has a median household income of $67,344 (10% below the national median of $75,149). Home values average $123,000, which is 50% below the national median. Monthly rent at $815 is 30% below the US average of $1,163. Within Pennsylvania, Hyde Park's income is 8% below the state average of $73,376, and home values are 36% below the state median of $190,903.
Why Live in Hyde Park, PA?
Hyde Park offers affordable housing with a median home value of $123,000, below the US average of $244,900, and rent that’s lower than the national average at $815/month, and a low poverty rate of 7.9%, better than the national average.
Potential considerations include median household income ($67,344) that falls below the national average. However, Hyde Park’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Hyde Park has a population of 484 with a median age of 41.5 years. Compare Hyde Park with other cities to see how it stacks up, or explore all cities in Pennsylvania.
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Cities in Pennsylvania with a similar population size.
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Economy & Education
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Other Cities in Pennsylvania
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Hyde Park
What is the population of Hyde Park, PA?
The population of Hyde Park, PA is 484 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Pennsylvania.
What is the median household income in Hyde Park?
The median household income in Hyde Park, PA is $67,344 per year, which is 10% below the national median of $75,149.
What is the median home value in Hyde Park?
The median home value in Hyde Park, PA is $123,000, which is 50% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Hyde Park?
The median monthly rent in Hyde Park, PA is $815, which is 30% below the national average of $1,163/month.
What is the unemployment rate in Hyde Park?
The unemployment rate in Hyde Park, PA is 8.7%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Hyde Park, PA a good place to live?
Hyde Park offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 484 and a median age of 41.5, the city appeals to a broad range of residents.
How educated is Hyde Park, PA?
20.2% of residents in Hyde Park aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Hyde Park?
Key cost-of-living indicators for Hyde Park, PA: median home value is $123,000 (50% below national), median rent is $815/month, and median household income is $67,344. The home-value-to-income ratio is 1.8x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Hyde Park?
The poverty rate in Hyde Park, PA is 7.9%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Hyde Park, PA?
Hyde Park's population is 0.0% White, 2.3% Hispanic or Latino, 1.2% Black or African American, 0.0% Asian, and 0.0% two or more races. 1.4% of residents are foreign-born.