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McKean

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

Median Home$238,500
Median Rent$885/month
Population467
Leading IndustriesPublic Administration · Retail28% public administration
Home Value Growth⬆⬆⬆+47.9% over 2 years
Retirees25% of residentsabove average nationally
Homeowners90% of occupied units
NotableVeteran Community13% of residents · top 4% nationally
NotableTransit80/100 · excellent transit access
McKean
PA

Frequently Asked Questions

What are today's mortgage rates in McKean?

As of today, the 30-year fixed mortgage rate for McKean is approximately 6.982% (7.021% 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 McKean?

The median home value in McKean is $239k. The median monthly rent is $885. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in McKean?

Home values in McKean have increased 47.9% 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 McKean?

Based on a typical all-in ownership cost of $947/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $41k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in McKean is $83k/year.

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What industries drive the economy in McKean?

The largest employment sectors in McKean are public administration (28%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.