Housing data for Banks Township (Indiana County), PA
Banks Township (Indiana County), PA has an estimated 1,062 residents and 446 homes (US Census Bureau, 2020–2024 American Community Survey).
It is a township in Indiana County.
15.6% of households rent.
The median gross rent is $811 a month.
Figures last updated on .
- Residents
- 1,062 (±239)
- Housing units
- 446 (±76)
- Households that rent
- 15.6%
- Median gross rent
- $811
- Residents since 2015–2019
- +3.9%
What stands out in Banks Township (Indiana County)
Homes in buildings of 5 or more units: 0.0% (±12.1 points) in Banks Township (Indiana County), lower than in Indiana County (12.3%).
Households that rent: 15.6% (±6.1 points) in Banks Township (Indiana County), lower than in Indiana County (27.9%).
Working from home: 3.9% (±2.4 points) in Banks Township (Indiana County), lower than in Indiana County (9.5%).
Average commute: 38.8 minutes (±5.1) in Banks Township (Indiana County), higher than in Indiana County (24.9 minutes).
- Types of homes in Banks Township (Indiana County)
- Renters and owners in Banks Township (Indiana County)
- Commute and cars in Banks Township (Indiana County)
Housing in Banks Township (Indiana County) at a glance
- Median rent: $811 median gross rent a month (Small sample: wide margin of error)
- Rent by bedrooms: $725 median gross rent, 2 bedrooms (Small sample: wide margin of error)
- Rent burden: 7.5% of renters pay 30% or more of income (Small sample: wide margin of error)
- Renters and owners: 15.6% of households rent
- Income and affordability: $58,750 median household income
- Home values: $144,400 median home value
- Homeowner costs: $1,217 median monthly cost with a mortgage
- Property taxes: $1,483 median real estate taxes a year
- Types of homes: 0.0% of homes are in buildings of 5 or more units
- Bedrooms: 65.0% of homes have 3 or more bedrooms
- Age of homes: 71.7% of homes were built before 1980
- Vacancy rate: 8.1% rental vacancy rate (Small sample: wide margin of error)
- Heating fuel: 44.3% heat with utility gas
- Commute and cars: 38.8 minutes average trip to work
- Growth: +3.9% residents since 2015–2019
- How long people stay: 12.7% moved in since 2020
- Crowding and facilities: 0.0% of homes have more than 1 person per room (Small sample: wide margin of error)
Banks Township (Indiana County) against Indiana County, its state and the nation
| Banks Township (Indiana County) | Indiana County | Pennsylvania | United States | |
|---|---|---|---|---|
| Residents | 1,062 (±239) | 83,042 (exact) | 13,018,639 (exact) | 334,922,499 |
| Housing units | 446 (±76) | 37,626 (±92) | 5,806,452 (±672) | 143,775,355 |
| Households that rent | 15.6% (±6.1 points) | 27.9% (±1.9 points) | 30.7% (±0.2 points) | 34.8% |
| Median gross rent | $811 (±$185) | $800 (±$31) | $1,209 (±$5) | $1,413 |
| Median household income | $58,750 (±$11,581) | $60,208 (±$2,473) | $77,971 (±$342) | $80,734 |
| Median home value | $144,400 (±$26,969) | $152,800 (±$4,162) | $254,500 (±$767) | $332,700 |
| Median real estate taxes (a year) | $1,483 (±$247) | $2,297 (±$67) | $3,311 (±$12) | $3,119 |
| Built before 1980 | 71.7% (±14.8 points) | 65.9% (±2.6 points) | 67.3% (±0.2 points) | 49.7% |
| Average commute | 38.8 minutes (±5.1) | 24.9 minutes (±1.1) | 26.3 minutes (±0.1) | 26.4 minutes |
| Households with broadband | 62.8% (±10.5 points) | 80.7% (±1.5 points) | 89.7% (±0.1 points) | 91.0% |
| Median age of residents | 36.2 years (±10.5) | 40.0 years (±0.5) | 40.9 years (±0.2) | 38.9 years |
Banks Township (Indiana County) covers 31.7 square miles of land, about 33 residents per square mile (Census Bureau Gazetteer).
How Banks Township (Indiana County) has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 1,022 (±153) | 1,062 (±239) | +3.9% | Not a measurable change |
| Housing units | 449 (±42) | 446 (±76) | −0.7% | Not a measurable change |
| Median gross rent | $639 (±$273) | $811 (±$185) | +26.9% | No measurable change after inflation |
| Median home value | $97,800 (±$12,568) | $144,400 (±$26,969) | +47.6% | No measurable change after inflation |
| Median household income | $57,500 (±$6,472) | $58,750 (±$11,581) | +2.2% | No measurable change after inflation |
| Median owner cost with a mortgage | $983 (±$93) | $1,217 (±$81) | +23.8% | No measurable change after inflation |
| Median real estate taxes | $1,400 (±$163) | $1,483 (±$247) | +5.9% | No measurable change after inflation |
| Households that rent | 14.1% (±5.6 points) | 15.6% (±6.1 points) | +1.5 percentage points | Not a measurable change |
| Rental vacancy rate | 0.0% (±37.1 points) | 8.1% (±11.8 points) | +8.1 percentage points | Not a measurable change |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Crime reported to police in Indiana County
Banks Township (Indiana County) has no police department of its own in the FBI’s figures, so this is the figure for Indiana County as a whole.
In 2025, the police departments that report for Indiana County recorded 70 violent and 751 property crimes per 100,000 residents.
A county-wide figure describes the whole county, not this place; crime varies from one community to the next.
ZIP codes in Banks Township (Indiana County)
| ZIP code | Share of the ZIP’s land in this place | Residents | Median gross rent | Median home value | Median household income |
|---|---|---|---|---|---|
| 15772 | 49% | 1,556 | $925 | $133,700 | $62,727 |
| 15742 | 38% | 929 | $719 | $114,900 | $52,375 |
A ZIP code is a mail route rather than a boundary, so the Census Bureau publishes figures for ZIP Code Tabulation Areas built from census blocks; the share column says how much of each one’s land lies in this place.
Places near Banks Township (Indiana County)
| Place | Distance | Median gross rent | Median home value | Households that rent |
|---|---|---|---|---|
| Glen Campbell | 3.2 mi | $950 | $55,000 | 20.6% |
| Burnside | 4.6 mi | — | $64,200 | 8.9% |
| Canoe Township | 4.9 mi | $1,036 | $120,800 | 17.2% |
| Gaskill Township | 5.6 mi | $868 | $172,200 | 19.7% |
| Montgomery Township (Indiana County) | 6.5 mi | $663 | $112,200 | 12.8% |
| Mahaffey | 6.9 mi | $497 | $76,500 | 19.0% |
| Bell Township (Clearfield County) | 7.0 mi | $685 | $125,800 | 15.3% |
| Bell Township (Jefferson County) | 7.1 mi | $953 | $172,600 | 10.2% |
Places in Pennsylvania most like Banks Township (Indiana County)
| Place | Median gross rent | Median home value | Median household income | Households that rent |
|---|---|---|---|---|
| Portage Township (Potter County) | $808 | $181,300 | $63,750 | 15.5% |
| Toboyne Township | $638 | $147,500 | $60,764 | 15.9% |
| Bell Township (Clearfield County) | $685 | $125,800 | $61,406 | 15.3% |
| Taylor Township (Fulton County) | $831 | $171,300 | $75,179 | 16.9% |
| Fox Township (Sullivan County) | $825 | $144,300 | $56,250 | 9.2% |
| Centerville (Washington County) | $833 | $120,600 | $71,250 | 14.1% |
Matched on rent, home value, income, the share who rent, the age of the homes, the share in apartment buildings and the commute, each measured against the spread across Pennsylvania.
HUD Fair Market Rent for Banks Township (Indiana County), fiscal year 2027
| Studio | 1 bedroom | 2 bedrooms | 3 bedrooms | 4 bedrooms |
|---|---|---|---|---|
| $738 | $864 | $1,014 | $1,396 | $1,525 |
HUD income limits for Banks Township (Indiana County), fiscal year 2026
| Household size | Extremely low (30%) | Very low (50%) | Low (80%) |
|---|---|---|---|
| 1 person | $18,100 | $30,200 | $48,300 |
| 2 people | $21,640 | $34,500 | $55,200 |
| 3 people | $27,320 | $38,800 | $62,100 |
| 4 people | $33,000 | $43,100 | $68,950 |
| 5 people | $38,680 | $46,550 | $74,500 |
| 6 people | $44,360 | $50,000 | $80,000 |
| 7 people | $50,040 | $53,450 | $85,500 |
| 8 people | $55,720 | $56,900 | $91,050 |
These are the limits HUD sets for its housing programs in the Indiana County, PA, where HUD’s median family income for fiscal year 2026 is $83,800.
A program can use its own limits; tax-credit and local programs often do.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Banks Township (Indiana County)
How many renters are there in Banks Township (Indiana County)?
Banks Township (Indiana County) has an estimated 55 (±22) renting households, 15.6% of its occupied homes (2020–2024 American Community Survey).
What is the median household income in Banks Township (Indiana County)?
The median household income in Banks Township (Indiana County) is $58,750 (±$11,581) a year (2020–2024 American Community Survey).
What is the average home value in Banks Township (Indiana County), PA?
The Census Bureau publishes the median: $144,400 (±$26,969) for owner-occupied homes in Banks Township (Indiana County) (2020–2024 American Community Survey).
What is the average mortgage payment in Banks Township (Indiana County)?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Banks Township (Indiana County), PA is $1,217 (±$81) a month, including taxes, insurance and utilities.
How much are property taxes in Banks Township (Indiana County)?
The median real estate tax paid by homeowners in Banks Township (Indiana County), PA is $1,483 (±$247) a year (2020–2024 American Community Survey).
How many homes are in Banks Township (Indiana County)?
Banks Township (Indiana County), PA has an estimated 446 (±76) housing units, occupied and vacant (2020–2024 American Community Survey).
Is Banks Township (Indiana County) growing?
In Banks Township (Indiana County), the number of residents went from 1,022 in 2015–2019 to 1,062 in 2020–2024 (+3.9%), not a measurable change.
What ZIP codes are in Banks Township (Indiana County)?
The ZIP codes that cover Banks Township (Indiana County) are 15772, 15742.
What is the median rent in ZIP code 15772?
The median gross rent in ZIP Code Tabulation Area 15772 is $925 (±$207) a month (2020–2024 American Community Survey).
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Banks township, Indiana County, Pennsylvania
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Banks township, Indiana County, Pennsylvania
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Banks township, Indiana County, Pennsylvania
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Banks township, Indiana County, Pennsylvania
- Selected Social Characteristics (DP02), 2020–2024 ACS 5-year estimates — Banks township, Indiana County, Pennsylvania
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Banks township, Indiana County, Pennsylvania
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Banks township, Indiana County, Pennsylvania
- HUD Fair Market Rents, fiscal year 2027: Indiana County, PA
- HUD Income Limits, fiscal year 2026: Indiana County, PA
- US Census Bureau, American Community Survey 2020–2024 5-year estimates for ZIP Code Tabulation Areas
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
- US Census Bureau, 2024 Gazetteer Files
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Banks township, Indiana County, Pennsylvania (county subdivision:04056, in state:42 county:063).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B01003_001E, B01003_001M, B25064_001E, B25064_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0047PE, DP04_0047PM, DP04_0134E, DP04_0134M, DP03_0062E, DP03_0062M, DP04_0089E, DP04_0089M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .