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Economy

Economy

Located in Beaver County

$336 Average Price per Sq Ft
1 Home For Sale

Economy has offered more space in Beaver County for centuries

As the Harmony Society built Economy Village in the 1800s, the religious community quickly outgrew its plot on the Ohio River. For more space, homesteaders and industrialists turned to the rolling, forested hills of what would become the Beaver County borough of Economy. Today, Old Economy Village is a preserved historic attraction in neighboring Ambridge. Despite ongoing suburbanization, Economy has also maintained its reputation for tranquility and a slower-paced lifestyle outside Pittsburgh’s city limits. “Economy isn’t really rural, but there’s more land out here. You’re not smack up next to people. A lot of homes have trees behind them, and I’ve got a little creek running through the back of my property,” says Valerie Keeley, a Realtor with Coldwell Banker Commercial Realty who lives in the borough. “It’s quiet, peaceful and right next to Cranberry if you need to go shopping.”

Economy is a country setting but only a 23 mile drive to Downtown Pittsburgh.
Economy is a country setting but only a 23 mile drive to Downtown Pittsburgh.
Economy is a safe and walkable neighborhood.
Economy is a safe and walkable neighborhood.
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A blend of single-family homes and 55-plus communities

Buyers can find a blend of prewar National-style homes and bungalows and midcentury Minimal Traditional, ranch-style and split-level homes along tree-shaded country roads and in suburban subdivisions. Prices for these older homes usually range from around $110,000 to $440,000, but fixer-uppers can go for less. Colonial Revival and Craftsman-inspired homes were built in cul-de-sac neighborhoods and age-restricted developments like Liberty Hills from the 1980s through the 2010s. Prices for newer construction range from around $330,000 to $830,000. New Traditional homes in The Landings by Foxlane Homes, one of the borough’s newest 55-plus communities, can go for $540,000 to nearly $1.2 million. The Landings and similar communities charge additional homeowners’ association fees to maintain resort-style amenities like pickleball courts and pools.

Most houses in Economy have attached garages, perfect to keep your car safe from the weather.
Most houses in Economy have attached garages, perfect to keep your car safe from the weather.
A cozy cottage with a well-manicured lawn can be found in Economy.
A cozy cottage with a well-manicured lawn can be found in Economy.
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Commuting around Beaver and Allegheny counties

Beaver, the seat of its namesake county, is about 10 miles from Economy down state Route 65. The Heritage Valley Sewickley and Heritage Valley Beaver hospitals are each about 11 miles away. Pittsburgh commuters will head to Interstates 79 and 279 on the nearly 25-mile drive downtown. Pittsburgh International Airport is about 20 miles from home. Beaver County Transit Authority buses stop at Northern Lights Shopping Center between Pittsburgh and Chippewa, but service is limited. Residents will need a car to get around.

Shopping and dining in Economy and Cranberry Township

Though commercial life is sparse in Economy, a handful of restaurants and specialty businesses are scattered around the borough. Big Sewickley Creek Brewery pairs its local craft beers with an active outdoor seating and events area. “It’s right down on the creek. They don’t have a restaurant, but different food trucks come in. There are picnic tables out back with lights and a fire pit, and they’re so dog-friendly it’s unbelievable. My dog is a ‘brew dog.’ If you bring your dog a few times, they’ll take their picture and hang it on the wall,” Keeley says. Though the Northern Lights Shopping Center is largely vacant, residents can still head to the nearby Walmart for groceries. Around 6 miles from Economy, Cranberry Township has many major big-box stores and countless chain and locally owned restaurants.

You must stop at Annie Lee's and try their wings and ribs in Economy.
You must stop at Annie Lee's and try their wings and ribs in Economy.
Residents of Economy visit Young's Custard Stand for a sweat treat to beat the heat.
Residents of Economy visit Young's Custard Stand for a sweat treat to beat the heat.
Brewed Awakening Coffee and Espresso Bar is a must stop for all coffee lovers in Economy.
Brewed Awakening Coffee and Espresso Bar is a must stop for all coffee lovers in Economy.
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Borough and county parks throughout Economy

Grassy athletic fields and playgrounds draw people to Jeffrey B. Meddock Recreation Park and the green space at the Economy Borough Municipal Complex. Old Economy Park is a larger county park that's home to a forested hiking trail, a sledding hill that’s popular in the winter and a swimming pool that opens through the summer. Ambridge Youth Baseball teams play at the Economy Baseball Complex. Big Sewickley Creek is stocked with trout, and anglers might cast from their properties or head to public access points farther from home.

Meet up with friends at Recreation Drive Park for a game of pickle ball.
Meet up with friends at Recreation Drive Park for a game of pickle ball.
Residents of Economy enjoy taking their furry friends for a walk.
Residents of Economy enjoy taking their furry friends for a walk.
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Events in Economy’s parks and community centers

Each September, neighbors meet up at the borough’s municipal complex for vendor booths, fair food, inflatables and fireworks at Economy Community Day. Jeffrey B. Meddock Recreation Park hosts recurring movie nights and outdoor concerts throughout the summer. Local organizations often hold food-based fundraisers, including the fire department’s Lenten fish fry and the New Hope Evangelical Lutheran Church’s monthly breakfast buffet.

Attending Ambridge Area School District

Economy Elementary School earns a B-plus from Niche and was honored as a National Blue Ribbon School in 2024. Ambridge Area Middle School earns a C-plus, and Ambridge Area High School earns a B-minus.

Ambridge Area Junior High School has 467 students.
Ambridge Area Junior High School has 467 students.
Welcome to Ambridge Area High School.
Welcome to Ambridge Area High School.
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Big Sewickley Creek’s flood risk

Big Sewickley Creek and other narrow waterways create flood zones throughout the borough. While most of Economy is unaffected, buyers should consult maps to understand their potential risk and need for insurance.

Julia Szymanski
Written By
Julia Szymanski
Anna Dukovich
Photography Contributed By
Anna Dukovich
Sara Warthen
Video By
Sara Warthen

Interested in learning more about homes in this area? Reach out to Helen Sosso, an experienced agent in this area.

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Economy Housing Trends

Housing Trends

Median List Price
$604,990
Median Sale Price
$779,039
Median Single Family Sale Price
$779,039
Median Change From 1st List Price
-29%
Last 12 months Home Sales
4
Average Price Per Sq Ft
$336

Neighborhood Facts

Number of Homes in Neighborhood
51
Number of Homes for Sale
1
Median Year Built
2025
Months of Supply
3.00
Average Single Family Home Size Sq Ft
2,513
Above the national average
1,927
Median Lot Size Sq Ft
8,712

Open Houses

  • Sunday, Jul 27
    1 - 4pm

    1004 Lakeshore Dr, Baden, PA 15005

    $553,000

    • 3 Beds
    • 3 Baths
    • 1,800 Sq Ft
    • 1004 Lakeshore Dr

    This 1800 Sq. ft. home features a main-level primary suite, a stylish kitchen with painted cabinets, granite countertops, a stainless-steel gas appliance package, and an island overlooking the open living and dining areas. Enjoy outdoor relaxation on the covered patio. Upstairs, a spacious loft with a full bath and ceramic shower offers flexibility as a second primary suite.

    Agent Photo
    Kathleen Cooper
    Keller Williams Realty
    (724) 305-3682
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  • Saturday, Jul 26
    10am - 12pm

    198 Pinehurst Dr, Freedom, PA 15042

    $339,999

    • 4 Beds
    • 2.5 Baths
    • 1,600 Sq Ft
    • 198 Pinehurst Dr
    • New 18 days ago

    Welcome to your next home! Nestled in a quiet and sought after neighborhood in Economy Borough, this beautifully maintained 4 bedroom, 2.5 bathroom home offers comfort, space, and convenience, all just a short drive from Cranberry Township. Step inside to find a nuetral and inviting layout perfect for both everyday living and entertaining. The home features modern updates throughout, generously

    Kylee Kazil BERKSHIRE HATHAWAY THE PREFERRED REALTY

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  • Sunday, Jul 27
    11am - 1pm

    391 Golden Grove Rd, Baden, PA 15005

    $299,900

    • 5 Beds
    • 2 Baths
    • 2,040 Sq Ft
    • 391 Golden Grove Rd

    Beautiful and unique 5 bedroom, 2 full bathroom home situation on an incredibly level corner lot in Economy Boro! Very well maintained and cared for. A beautifully done and designed kitchen, dining room and living room which all combine for an open concept, that was all completed during a major renovation years prior. The dining room and living room are separated by tasteful columns. Wood burning

    Eric McKenna REALTY CONNECT

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Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

Economy Has More Owners

Demographics

Total Population
8,505
Median Age
52
Population under 18
17.2%
Below the national average
23.8%
Population over 65
30.4%
Above the national average
19.1%

Finances

Median Household Income
$88,357
Above the national average
$71,702
Average Household Income
$105,591

Education and Workforce

High School Graduates
96.4%
Above the national average
89.1%
College Graduates
33.7%
Advanced Degrees
11.2%
On par with the national average
13.3%
% Population in Labor Force
65.6%

Area Factors

Car-Dependent

Walk Score®®

6 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Economy