Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Norvelt

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

Median Home$189,501
Median Rent$895/month
Population780
Leading IndustriesPublic Administration · Transportation · Information & Media33% public administration
Home Value Growth-3.6% over 2 years
Retirees25% of residentsabove average nationally
Homeowners86% of occupied units
Norvelt
PA

Frequently Asked Questions

What are today's mortgage rates in Norvelt?

As of today, the 30-year fixed mortgage rate for Norvelt is approximately 6.988% (7.027% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Norvelt
What is the median home price in Norvelt?

The median home value in Norvelt is $190k. The median monthly rent is $895. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Norvelt?

Home values in Norvelt have decreased 3.6% over the past two years. Buyers may find more negotiating room in this market. 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 Norvelt?

Based on a typical all-in ownership cost of $850/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $36k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Norvelt is $73k/year.

Calculate your buying power
What industries drive the economy in Norvelt?

The largest employment sectors in Norvelt are public administration (33%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.