Park Place, PA
Population 168 · Pennsylvania
About Park Place, PA
Park Place is a small community located in Pennsylvania with a population of 168 residents according to the latest US Census Bureau American Community Survey data. The median household income is $47,344 per year, which is 37% below the national median of $75,149. The median age of 36.5 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Park Place features a median home value of $53,900, which is 78% below the national median of $244,900. This makes Park Place one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 83 total housing units, 82% are owner-occupied (68 units) and 18% are renter-occupied (15 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Park Place shows an unemployment rate of 4.1%, which is near the national rate of 3.7%. The poverty rate stands at 17.9%, above the national average of 12.4%. Workers in Park Place have an average one-way commute time of 24.3 minutes.
Education & Demographics
9.9% of Park Place 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, 0.0% Hispanic or Latino, 0.0% Black or African American, and 7.7% Asian residents, with 7.7% of the population being foreign-born.
How Park Place Ranks in Pennsylvania
Cost of Living in Park Place, PA
Compared to national averages, Park Place has a median household income of $47,344 (37% below the national median of $75,149). Home values average $53,900, which is 78% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Pennsylvania, Park Place's income is 35% below the state average of $73,376, and home values are 72% below the state median of $190,903.
Why Live in Park Place, PA?
Park Place offers affordable housing with a median home value of $53,900, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and short commute times averaging just 24.3 minutes.
Potential considerations include median household income ($47,344) that falls below the national average. However, Park Place’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Park Place has a population of 168 with a median age of 36.5 years. Compare Park Place 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.
Demographics
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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 Park Place
What is the population of Park Place, PA?
The population of Park Place, PA is 168 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 Park Place?
The median household income in Park Place, PA is $47,344 per year, which is 37% below the national median of $75,149.
What is the median home value in Park Place?
The median home value in Park Place, PA is $53,900, which is 78% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Park Place?
The median monthly rent in Park Place, PA is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Park Place?
The unemployment rate in Park Place, PA is 4.1%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Park Place, PA a good place to live?
Park Place offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 168 and a median age of 36.5, the city appeals to a broad range of residents.
How educated is Park Place, PA?
9.9% of residents in Park Place 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 Park Place?
Key cost-of-living indicators for Park Place, PA: median home value is $53,900 (78% below national), median rent is $0/month, and median household income is $47,344. The home-value-to-income ratio is 1.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Park Place?
The poverty rate in Park Place, PA is 17.9%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Park Place, PA?
Park Place's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 7.7% Asian, and 0.0% two or more races. 7.7% of residents are foreign-born.