What are average mortgage rates in Pennsylvania in 2026?

Mortgage rates in Pennsylvania generally track national averages. As of 2026, expect 30-year fixed rates from 5.5% to 7.5% for good credit borrowers. Use CalcDeck's Pennsylvania mortgage calculator to model your payment at current rates.

How much are closing costs in Pennsylvania?

Closing costs in Pennsylvania typically range from 2% to 5% of purchase price, including lender fees, title insurance, and prepaid items. Use CalcDeck's Pennsylvania mortgage calculator to include closing costs in your calculation.

What are property tax rates in Pennsylvania?

Property tax rates in Pennsylvania range from 0.3% to 2.5% of assessed value. CalcDeck's Pennsylvania calculator includes property tax in your PITI payment.

What first-time homebuyer programs exist in Pennsylvania?

Pennsylvania offers down payment assistance, favorable-rate mortgages, and tax credits through state agencies. Use CalcDeck's Pennsylvania calculator to see how programs affect your payment.

How do I use the CalcDeck Pennsylvania mortgage calculator?

Enter home price, down payment, interest rate, and loan term. Adjust property tax and insurance to match Pennsylvania averages. Get instant monthly payment, total interest, and amortization schedule.

Pennsylvania Mortgage Calculator

Median home prices, property taxes, and monthly payment estimates for Pennsylvania homeowners.

Pennsylvania at a Glance

Median Home Price: $262,000
Property Tax Rate: 1.33%
Median Household Income: $71,451
Annual Property Tax: $3,485

Sources: Zillow ZHVI (2024), Tax Foundation (2023), US Census ACS (2023)

Monthly Mortgage Payment in Pennsylvania

Based on the Pennsylvania median home price of $262,000 at 6.7% interest (30-year fixed):

Payment Breakdown	20% Down	5% Down
Loan Amount	$209,600	$248,900
Principal and Interest	$1,353	$1,606
Property Tax (PA)	$290	$290
Homeowners Insurance	$125	$125
PMI	$0	$104
Total Monthly	$1,768	$2,125

How Much House Can You Afford in Pennsylvania?

Using the 28/36 rule (housing costs under 28% of gross income):

With 20% down, you need ~$75,767/year to afford Pennsylvania's median home
With 5% down, you need ~$91,080/year
Pennsylvania's median household income is $71,451

Pennsylvania insight: Pennsylvania's property tax rate of 1.33% is near the national average.

Pennsylvania Housing Market Overview

Pennsylvania's housing market offers a mix of expensive urban cores and affordable rural areas. The statewide median of $262,000 reflects Philadelphia at $280,000, Pittsburgh $215,000, and Allentown $260,000. Rural areas in central and northern PA offer homes under $180,000. Inventory is at 3.0 months. The median household income of $71,451 yields a price-to-income ratio of 3.7. The effective property tax rate of 1.33% costs $3,485/year on a median home, though rates vary dramatically by school district—some suburbs exceed 2.5%. Philadelphia's Center City has seen steady demand, while Pittsburgh's tech sector (Google, Uber, Duolingo) drives growth.

First-Time Homebuyer Programs in Pennsylvania

The Pennsylvania Housing Finance Agency (PHFA) offers the Keystone Home loan program, providing 30-year fixed-rate mortgages with down payment and closing cost assistance up to $10,000. The Keystone Advantage Assistance Loan offers a second mortgage at 0% interest for up to $6,000. PHFA also administers the HOMEstead program, providing up to $10,000 in forgivable grants for buyers in targeted areas. The Mortgage Credit Certificate (MCC) program offers a 20% federal tax credit on mortgage interest. Philadelphia's Division of Housing and Community Development offers up to $75,000 in down payment assistance for income-qualified buyers. Income limits: Philadelphia County caps at $95,000 for a two-person household; rural counties cap at $72,000.

Tips for Homebuyers in Pennsylvania

1) Pennsylvania's 1.33% property tax is moderate statewide, but school district rates vary from 0.8% to 2.8%; verify actual tax bills before buying. 2) Philadelphia's realty transfer tax is 4.278%—among the highest in the U.S.—budget $12,000 on a $280,000 home. 3) Buy in fall/winter for less competition and better negotiating position. 4) Radon is elevated throughout PA; always test and budget $800–$1,500 for mitigation. 5) Oil and gas rights are a legacy issue in western PA; verify mineral rights before buying, especially in rural counties. 6) Septic systems are common outside municipal areas; budget $400–$700 for Title 5-style septic inspections.

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Pennsylvania Mortgage FAQ

What is the median home price in Pennsylvania?

The median home price in Pennsylvania is approximately $262,000 as of 2024 (Zillow ZHVI). Your actual price will vary by city and neighborhood.

What is the property tax rate in Pennsylvania?

The effective property tax rate in Pennsylvania is approximately 1.33% (Tax Foundation). On a $262,000 home, that is about $3,485/year in property taxes.

How much income do I need to buy a home in Pennsylvania?

Using the 28/36 rule with 20% down at 6.7%, you would need about $75,767/year to afford the median Pennsylvania home at $262,000. With 5% down (including PMI), about $91,080.

What will my monthly mortgage payment be in Pennsylvania?

On Pennsylvania's median home price of $262,000 with 20% down at 6.7%, your total monthly payment (P and I plus tax plus insurance) is approximately $1,768. With 5% down including PMI, about $2,125.

Data sources: Zillow ZHVI typical home values (2024), Tax Foundation effective property tax rates (2023), US Census Bureau ACS median household income (2023). Mortgage rate assumption: 6.7% APR 30-year fixed. This is an estimate — use our calculator for personalized numbers.