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Mount Penn

Learn about the people, housing, costs and businesses in Mount Penn, Pennsylvania

Median Home$185,900
Median Rent$953/month
Population3,231
Leading IndustriesFinance & Insurance · Information & Media · Healthcare10% finance & insurance
Home Value Growth⬆⬆+15.7% over 2 years
Young Adults31% of residentsabove average nationally
Homeowners67% of occupied units
Mount Penn
PA

Frequently Asked Questions

What are today's mortgage rates in Mount Penn?

As of today, the 30-year fixed mortgage rate for Mount Penn is approximately 7.005% (7.048% 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 Mount Penn?

The median home value in Mount Penn is $186k. The median monthly rent is $953. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Mount Penn?

Home values in Mount Penn have increased 15.7% 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 Mount Penn?

Based on a typical all-in ownership cost of $1,142/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $49k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Mount Penn is $63k/year.

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What industries drive the economy in Mount Penn?

The largest employment sectors in Mount Penn are public administration (18%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.