Call Us Today!

(717) 409-6500

Serving the Greater
Harrisburg Area

Compare Listings

​Buying in Pennsylvania Costs Less

​Buying in Pennsylvania Costs Less

Buying a home in Pennsylvania is costing homeowners slightly less than most other states.

According to Gavop, homeowners in Pennsylvania with a mortgage spent, on average, 29.9 percent of their income on housing, compared to the national average of 30.9 percent, making the annual housing costs $16,992, $840 less expensive than the national annual average. Additionally, homes in the commonwealth are typically more than $30,000 less than the national average, costing $174,100, compared to $205,000 across the country. The median income in Pennsylvania is $56,907, only slightly below the national average of $57,617.

Clearfield County reigned as the county with the lowest housing costs in Pennsylvania. On average, homeowners with a mortgage spent 24.6 percent of their income on housing, or $11,640. It does help that the median home value in the county is $93,400, making the market more affordable for buyers. The median income is $44,100, more than $10,000 below the Pennsylvania and national average. Beaver County was named second for lowest housing costs. Residents in Beaver County with a mortgage spend 25.6 percent of their income on housing, or $14,136. The median home value is more expensive, at $149,700, but the median income is $56,722, on par with Pennsylvanians across the state.

In Philadelphia County, homeowners are spending the most across the state. Those with a mortgage are spending 35.8 percent of their income a month on housing, or $14,832 a year. The median income is $41,449, and the median home value is $154,000, both below the Pennsylvania and national average. Homeowners in Lackawanna County are right behind those in Philadelphia County. Those residents with a mortgage spend 32.3 percent of their income on housing, or $15,312. Their median income is $47,475, and the median home cost is $152,000.

Related posts

4th Annual Shamrock Shuffle 5K

We had a great turn out at the 4th Annual Shamrock Shuffle 5K which took place on March 24, 2019 at...

Continue reading
by Addy Pion

NextHome Capital Realty Has Moved To Camp Hill Borough!

                                                      We are...

Continue reading
by Addy Pion

We Have Started Renovations!

This week we have begun the renovations at the new building in downtown Camp Hill! Old walls and...

Continue reading
by Addy Pion

Ready to take the NEXT step?

Search Homes In Greater Harrisburg

Request a Home Valuation

CONNECT WITH A NEXTHOME CAPITAL REALTY AGENT