The Most Affordable Neighborhoods in Rankin, PA by Home Value

These days, finding an affordable place to live in the Rankin area can be challenging. Home prices in Rankin are now at a median cost of $101,743, lower than the Pennsylvania average of $288,156.

The average cost of rent is $616/mo in Rankin, primarily driven by the current value of real estate in the Rankin area. In Rankin, 59.62% of households rent, and 39.03% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Rankin is $3,880 per month. Households that rent pay about 15.86% of their income on rent here. Rankin’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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