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Shrewsbury

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

Median Home$321,373
Median Rent$1,169/month
Population3,822
Leading IndustriesArts, Food & Hospitality · Information & Media · Healthcare11% arts, food & hospitality
Home Value Growth⬆⬆+14.9% over 2 years
Retirees22% of residentsnear the national average
Homeowners87% of occupied units
NotableAmenity Score74/100 · highly walkable area
NotableHigh Incomes$113k/year · top 11% nationally
Shrewsbury
PA

Frequently Asked Questions

What are today's mortgage rates in Shrewsbury?

As of today, the 30-year fixed mortgage rate for Shrewsbury is approximately 6.927% (6.964% 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 Shrewsbury?

The median home value in Shrewsbury is $321k. The median monthly rent is $1,169. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Shrewsbury?

Home values in Shrewsbury 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 Shrewsbury?

Based on a typical all-in ownership cost of $1,447/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $62k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Shrewsbury is $113k/year.

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What industries drive the economy in Shrewsbury?

The largest employment sectors in Shrewsbury are public administration (27%) and healthcare (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.