Edinboro, PA

Edinboro is a small town located in the heart of Pennsylvania’s coal country. The population is just over 10,000 and the median household income is just over $40,000. Edinboro has been in decline for many years now and there are few businesses left that can support the town’s economy.

Real estate is the mainstay of Edinboro’s economy and it has been for many years. The town has a limited number of housing units and a large percentage of those are occupied by retirees or people who have retired from the military. There are also a limited number of jobs available in Edinboro, most of which are related to mining or manufacturing.

The real estate market in Edinboro is very competitive and prices have been declining for many years now. In fact, according to Zillow, the median home price in Edinboro was just under $50,000 back in 2016 but it has since declined by almost 20% to $39,500 as of this writing. This decline seems to be accelerating as more and more people are looking to sell their homes because they can no longer afford them or they believe that prices will continue to decline.

There are a limited number of homes available for sale in Edinboro right now so buyers have had difficulty finding properties that meet their needs. Prices have also been declining so rapidly that even if buyers could find properties that meet their needs they would likely be unable to afford them. This situation is likely going to continue until either prices start rising again or more homes become available for sale.