Housing in McKean County

The inside story on rent prices
Source: US Census Bureau - ACS 5 Yr 2024

Both Census and HUD figures represent gross rent — contract rent plus estimated utility costs for electricity, heat, water, and sewer.

Rent in McKean County averages $809/month for a 2‑bedroom in 2024, compared to the Pennsylvania median of $1,209 and the national median of $1,413. Local renters spend approximately 25% of household income on rent, below the national average of 32%.

HUD 2026 50th Percentile Rent Estimates for McKean County FMR Area are $746 for a studio, $876 for 1‑bedroom, $1,025 for 2‑bedroom, $1,284 for 3‑bedroom, and $1,524 for 4‑bedroom.

HUD 2026 Rent Estimates reflect market movement since 2024 Census data — a $216 increase for a 2-bedroom in McKean County shows a 27% rise over that period.

The U.S. Bureau of Labor Statistics annual unemployment rate for McKean County was 4.1% in 2024, compared to Pennsylvania at 3.6% and the national rate of 4.0%.

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Towns near Derrick City

City
County
State
Miles
Elk
PA
0.0
Elk
PA
5.6
Elk
PA
6.5
Elk
PA
6.7
Elk
PA
9.4
Elk
PA
10.2
Elk
PA
12.3
Elk
PA
12.6
Elk
PA
13.6
Elk
PA
14.8
Elk
PA
18.7
Elk
PA
19.3
McKean
PA
21.0
McKean
PA
25.4
McKean
PA
26.5
Cameron
PA
26.7
Cameron
PA
29.2
McKean
PA
31.8
McKean
PA
32.3
McKean
PA
33.2
Cameron
PA
34.2
McKean
PA
36.2
McKean
PA
36.7
McKean
PA
39.0
McKean
PA
41.1
McKean
PA
41.5
McKean
PA
41.9
McKean
PA
42.6
McKean
PA
43.0
McKean
PA
44.1

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