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Pennsylvania

Learn about the people, housing, costs and businesses across Pennsylvania

Median Home$282,589
Median Rent$1,288/month
Population13,018,639
Leading IndustryPublic Administration27% of local workforce
Home Value Growth⬆⬆+14.9% over 2 years
Retirees19% of residentsslightly above average
Homeowners69% of occupied units
NotableTransit73/100 · excellent transit access
NotableAmenity Score63/100 · highly walkable area
Pennsylvania

Frequently Asked Questions

What are today's mortgage rates in Pennsylvania?

As of today, the 30-year fixed mortgage rate for Pennsylvania is approximately 6.907% (6.956% 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 Pennsylvania?

The median home value in Pennsylvania is $283k. The median monthly rent is $1,288. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Pennsylvania?

Home values in Pennsylvania have increased 14.9% 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 Pennsylvania?

Based on a typical all-in ownership cost of $1,319/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $57k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Pennsylvania is $86k/year.

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What industries drive the economy in Pennsylvania?

The largest employment sectors in Pennsylvania are public administration (27%) and retail (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.