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Richboro

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

Median Home$566,358
Median Rent$2,118/month
Population6,658
Leading IndustriesPublic Administration · Transportation · Arts, Food & Hospitality34% public administration
Home Value Growth⬆⬆+11.4% over 2 years
Retirees28% of residentswell above average
Homeowners99% of occupied units
NotableHigh Incomes$165k/year · top 3% nationally
NotableHighly Educated33% bachelor's · 19% graduate · top 5% nationally
Richboro
PA

Frequently Asked Questions

What are today's mortgage rates in Richboro?

As of today, the 30-year fixed mortgage rate for Richboro is approximately 6.821% (6.854% 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 Richboro?

The median home value in Richboro is $566k. The median monthly rent is $2,118. Annual property taxes average $7k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Richboro?

Home values in Richboro have increased 11.4% 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 Richboro?

Based on a typical all-in ownership cost of $2,588/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $111k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Richboro is $165k/year.

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What industries drive the economy in Richboro?

The largest employment sectors in Richboro are public administration (34%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.