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Gap

Learn about the people, housing, costs and businesses in Gap, Pennsylvania

Median Home$341,026
Median Rent$1,195/month
Population2,231
Leading IndustriesWholesale Trade · Retail · Construction14% wholesale trade
Home Value Growth⬆⬆⬆+24.4% over 2 years
Family-Friendly31% of residentstop 3% nationally
Homeowners78% of occupied units
NotableHigh Incomes$95k/year · top 20% nationally
Gap
PA

Frequently Asked Questions

What are today's mortgage rates in Gap?

As of today, the 30-year fixed mortgage rate for Gap is approximately 6.901% (6.937% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Gap?

The median home value in Gap is $341k. The median monthly rent is $1,195. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Gap?

Home values in Gap have increased 24.4% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Gap?

Based on a typical all-in ownership cost of $1,400/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $60k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Gap is $95k/year.

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What industries drive the economy in Gap?

The largest employment sectors in Gap are retail (18%) and public administration (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.