Mortgage facts in Pennsylvania’s biggest cities and towns, from Allentown to Scranton The median amount paid in the Keystone State is $3,174 a year, No. Northeast states tend to charge their residents large amounts of real estate taxes. New York, the state’s neighbor to the north, has the country’s third-highest monthly mortgage payment ($1,494) and the highest interest rates (3.93%).
Housing costs average $1,494 a month, lower than the U.S.Meanwhile, the median income among Pennsylvania households with a mortgage is $92,024, below the national average by 2% but in the top half of U.S states.That 15% difference contributes to the state’s lower monthly payment. The average mortgage size in Pennsylvania is $241,547, compared to the nation’s $284,152.The average Pennsylvania homeowner may be in a better position to afford their mortgage, with a loan size well-below average but a median income for households with a mortgage just slightly below the U.S. Pennsylvania borrowers may be better suited to afford their mortgages than most. Pennsylvania stood out as a relatively affordable Northeast state, though borrowers still must pay the region’s notoriously high property tax bills. LendingTree studied average mortgage sizes, credit scores, monthly payments and mortgage rates - among other things - in all 50 states. State rankings go from high (1) to low (50). Home values are estimated by surveyed owners. Note: Real estate taxes are for homes with active mortgages. Source: American Community Survey (2019 5-Year Estimates), U.S.
How Pennsylvania mortgage-holders compare to the rest of the U.S. State rankings go from low (1) to high (50) for interest rate and APR. State rankings go from high (1) to low (50) for credit score, mortgage size and monthly payment. Note: Includes 30-year mortgages closed in 2020.
Mortgage rates in Pennsylvania, plus more stats on the Keystone State How Pennsylvania mortgages compare to the rest of the U.S.
How to refinance your mortgage in Pennsylvania.3 first-time homebuyer programs in Pennsylvania.Mortgage facts in Pennsylvania’s biggest cities and towns, from Aaronsburg to Zion.Mortgage rates in Pennsylvania, plus more stats on the Keystone State.