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These days, finding an affordable place to live in the Schaefferstown area can be challenging. Home prices in Schaefferstown are now at a median cost of $258,336, lower than the Pennsylvania average of $288,156.
The average cost of rent is $1,272/mo in Schaefferstown, primarily driven by the current value of real estate in the Schaefferstown area. In Schaefferstown, 23.30% of households rent, and 45.54% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Schaefferstown is $7,755 per month. Households that rent pay about 16.40% of their income on rent here. Schaefferstown’s most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Reistville, PA: higher priced homes
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- Poplar Grove, PA: higher priced homes
- Prescott, PA: equally priced homes
- Hopeland, PA: higher priced homes
- Richland, PA: equally priced homes
- Myerstown, PA: equally priced homes
- Cornwall, PA: higher priced homes
Cities with Similar Populations
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- Clarence, PA: less expensive homes
- Clark, CO: higher priced homes
- Clintonville, PA: less expensive homes
- Coffee Springs, AL: less expensive homes
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