Penn Lake Park, PA
Population 343 · Pennsylvania
About Penn Lake Park, PA
Penn Lake Park is a small community located in Pennsylvania with a population of 343 residents according to the latest US Census Bureau American Community Survey data. The median household income is $79,375 per year, which is 6% above the national median of $75,149. The median age of 52.1 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Penn Lake Park features a median home value of $233,000, which is 5% below the national median of $244,900. This positions Penn Lake Park in a moderately priced market relative to the rest of the country. Median monthly rent is $2,250, 93% above the national average of $1,163/month. Of the 251 total housing units, 92% are owner-occupied (139 units) and 8% are renter-occupied (12 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Penn Lake Park shows an unemployment rate of 4.0%, which is near the national rate of 3.7%. The poverty rate stands at 0.6%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Penn Lake Park have an average one-way commute time of 30.5 minutes.
Education & Demographics
33.0% of Penn Lake Park residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 0.0% White, 0.0% Hispanic or Latino, 7.9% Black or African American, and 0.0% Asian residents, with 2.6% of the population being foreign-born.
Cost of Living in Penn Lake Park, PA
Compared to national averages, Penn Lake Park has a median household income of $79,375 (6% above the national median of $75,149). Home values average $233,000, which is 5% below the national median. Monthly rent at $2,250 is 93% above the US average of $1,163. Within Pennsylvania, Penn Lake Park's income is 8% above the state average of $73,376, and home values are 22% above the state median of $190,903.
Why Live in Penn Lake Park, PA?
Penn Lake Park offers a strong local economy with a median household income of $79,375, well above the national average, and affordable housing with a median home value of $233,000, below the US average of $244,900, and a low poverty rate of 0.6%, better than the national average.
Penn Lake Park has a population of 343 with a median age of 52.1 years. Compare Penn Lake Park with other cities to see how it stacks up, or explore all cities in Pennsylvania.
Similar Cities Near Penn Lake Park
Cities in Pennsylvania with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Ben Avon Heights | 343 | $240,938 | $491,700 | Compare |
| Clarendon | 343 | $61,786 | $82,000 | Compare |
| Dunlevy | 343 | $83,281 | $99,100 | Compare |
| Finleyville | 343 | $52,500 | $150,000 | Compare |
| Petersburg | 343 | $71,250 | $104,900 | Compare |
| Seltzer | 343 | $108,869 | $122,100 | Compare |
| Tionesta | 343 | $56,250 | $114,300 | Compare |
| Arnold City | 344 | $0 | $0 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Pennsylvania
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Penn Lake Park With Other Cities
Frequently Asked Questions about Penn Lake Park
What is the population of Penn Lake Park, PA?
The population of Penn Lake Park, PA is 343 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 Penn Lake Park?
The median household income in Penn Lake Park, PA is $79,375 per year, which is 6% above the national median of $75,149.
What is the median home value in Penn Lake Park?
The median home value in Penn Lake Park, PA is $233,000, which is 5% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Penn Lake Park?
The median monthly rent in Penn Lake Park, PA is $2,250, which is 93% above the national average of $1,163/month.
What is the unemployment rate in Penn Lake Park?
The unemployment rate in Penn Lake Park, PA is 4.0%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Penn Lake Park, PA a good place to live?
Penn Lake Park offers above-average incomes, affordable housing, and growing employment opportunities. With a population of 343 and a median age of 52.1, the city appeals to established professionals and retirees.
How educated is Penn Lake Park, PA?
33.0% of residents in Penn Lake 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 Penn Lake Park?
Key cost-of-living indicators for Penn Lake Park, PA: median home value is $233,000 (5% below national), median rent is $2,250/month, and median household income is $79,375. The home-value-to-income ratio is 2.9x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Penn Lake Park?
The poverty rate in Penn Lake Park, PA is 0.6%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Penn Lake Park, PA?
Penn Lake Park's population is 0.0% White, 0.0% Hispanic or Latino, 7.9% Black or African American, 0.0% Asian, and 0.0% two or more races. 2.6% of residents are foreign-born.