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These days, finding an affordable place to live in the Pennsylvania area can be challenging. Home prices in Pennsylvania are now at a median cost of $288,156, lower than the the United States average of $419,293.
The average cost of rent is $1,323/mo in Pennsylvania, primarily driven by the current value of real estate in the Pennsylvania area. In Pennsylvania, 30.67% of households rent, and 42.46% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Pennsylvania is $7,435 per month. Households that rent pay about 17.80% of their income on rent here. Pennsylvania’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northwestern parts of the state.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby States
- Maryland: higher priced homes
- District of Columbia: higher priced homes
- Delaware: higher priced homes
- New Jersey: higher priced homes
- New York: higher priced homes
- Virginia: higher priced homes
- West Virginia: less expensive homes
- Connecticut: higher priced homes
- Ohio: less expensive homes
- Rhode Island: higher priced homes
States with Similar Populations
- Tennessee: higher priced homes
- Maryland: higher priced homes
- Massachusetts: higher priced homes
- Michigan: less expensive homes
- Minnesota: higher priced homes
- Mississippi: less expensive homes
- Ohio: less expensive homes
- Oklahoma: less expensive homes
- South Carolina: equally priced homes
- South Dakota: equally priced homes
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