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Pen Mar

Learn about the people, housing, costs and businesses in Pen Mar, Pennsylvania

Median Home$231,500
Median Rent$875/month
Population955
Leading IndustriesInformation & Media · Finance & Insurance · Retail11% information & media
Home Value Growth⬆⬆+15.6% over 2 years
Retirees24% of residentsslightly above average
Homeowners75% of occupied units
NotableVeteran Community11% of residents · top 9% nationally
Pen Mar
PA

Frequently Asked Questions

What are today's mortgage rates in Pen Mar?

As of today, the 30-year fixed mortgage rate for Pen Mar is approximately 7.001% (7.041% 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 Pen Mar?

The median home value in Pen Mar is $232k. The median monthly rent is $875. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Pen Mar?

Home values in Pen Mar have increased 15.6% 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 Pen Mar?

Based on a typical all-in ownership cost of $1,034/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $44k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Pen Mar is $66k/year.

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What industries drive the economy in Pen Mar?

The largest employment sectors in Pen Mar are public administration (28%) and retail (20%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.