The typical owner-occupied home in Bakerstown is worth about $544,400, 2.1 times the Pennsylvania median of $254,500 and 64% above the national median of $332,700. Owners pay a median $7,432 a year in property taxes, about 1.37% of their home's value, close to the Pennsylvania rate of 1.30%. The median household earns $164,330 a year, so the median home costs 3.3 times the median income (3.3 times for Pennsylvania). 76% of occupied homes here are lived in by their owners, and 73% of those owners still have a mortgage.
Bakerstown at a glance
| Bakerstown | Pennsylvania | U.S. | |
|---|---|---|---|
| Median home value | $544,400 | $254,500 | $332,700 |
| Median property tax paid per year | $7,432 | $3,311 | $3,119 |
| Property tax as a share of value | 1.37% | 1.30% | 0.94% |
| Median household income | $164,330 | $77,971 | $80,734 |
| Homes lived in by their owners | 76% | 69% | 65% |
| Owner homes with a mortgage | 73% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $3,092 | $1,762 | $1,963 |
| Those costs as a share of the owners' income | 19.2% | 19.4% | 21.0% |
| Median rent | $2,523 | $1,209 | $1,413 |
| Rent as a share of renters' income | 39.6% | 29.2% | 30.6% |
| Median year homes were built | 1991 | 1965 | 1980 |
| Vacant homes | 7.2% | 9.2% | 10.1% |
| Population | 2,527 | 13,018,639 | 334,922,499 |
What a typical home costs per month in Bakerstown
At this week's average 30-year rate of 7.11%, buying the median Bakerstown home of $544,400 with 20% down costs about $3,778 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $4,685, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $161,920 for the 20%-down payment. That payment is 28% of the median Bakerstown household income of $164,330; at that income and 20% down, the 28% guideline points to a home of about $553,000.
The median rent here is $2,523 a month, so owning the median home costs about $1,255 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $108,880 |
|---|---|
| Loan amount | $435,520 |
| Principal and interest | $2,930 |
| Property taxes (1.37% a year) | $622 |
| Homeowners insurance (our estimate, 0.5% a year) | $227 |
| PMI | $0 |
| Total per month | $3,778 |
Change the numbers in the calculator
| Down payment | $19,054 |
|---|---|
| Loan amount | $534,540 |
| Principal and interest | $3,596 |
| Property taxes (1.37% a year) | $622 |
| Homeowners insurance (our estimate, 0.5% a year) | $227 |
| FHA mortgage insurance | $241 |
| Total per month | $4,685 |
Change the numbers in the calculator
Questions about home buying in Bakerstown
What is the median home value in Bakerstown?
About $544,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Bakerstown?
Homeowners pay a median $7,432 a year, which is about 1.37% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Bakerstown?
For the median home with 20% down at 7.11%, the payment is about $3,778 a month. Keeping that under 28% of gross income takes about $161,920 a year.
More about Bakerstown
- Mortgage Refinance in Bakerstown
- Debt Relief in Bakerstown
- Home Equity Loans in Bakerstown
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data