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Penn Hills

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

Median Home$135,586
Median Rent$1,214/month
Population40,346
Leading IndustriesInformation & Media · Finance & Insurance · Public Administration8% information & media
Home Value Growth⬆⬆+13.1% over 2 years
Retirees25% of residentsabove average nationally
Homeowners75% of occupied units
NotableVeteran Community8% of residents · top 27% nationally
Penn Hills
PA

Frequently Asked Questions

What are today's mortgage rates in Penn Hills?

As of today, the 30-year fixed mortgage rate for Penn Hills is approximately 7.097% (7.143% 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 Penn Hills?

The median home value in Penn Hills is $136k. The median monthly rent is $1,214. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Penn Hills?

Home values in Penn Hills have increased 13.1% 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 Penn Hills?

Based on a typical all-in ownership cost of $1,075/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $46k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Penn Hills is $68k/year.

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What industries drive the economy in Penn Hills?

The largest employment sectors in Penn Hills are public administration (26%) and healthcare (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.