The typical owner-occupied home in Elverson is worth about $369,900, 45% above the Pennsylvania median of $254,500 and 11% above the national median of $332,700. Owners pay a median $5,313 a year in property taxes, about 1.44% of their home's value, higher than the Pennsylvania rate of 1.30%. The median household earns $78,000 a year, so the median home costs 4.7 times the median income (3.3 times for Pennsylvania). 71% of occupied homes here are lived in by their owners, and 60% of those owners still have a mortgage.
Elverson at a glance
| Elverson | Pennsylvania | U.S. | |
|---|---|---|---|
| Median home value | $369,900 | $254,500 | $332,700 |
| Median property tax paid per year | $5,313 | $3,311 | $3,119 |
| Property tax as a share of value | 1.44% | 1.30% | 0.94% |
| Median household income | $78,000 | $77,971 | $80,734 |
| Homes lived in by their owners | 71% | 69% | 65% |
| Owner homes with a mortgage | 60% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,940 | $1,762 | $1,963 |
| Those costs as a share of the owners' income | 25.1% | 19.4% | 21.0% |
| Median rent | $826 | $1,209 | $1,413 |
| Rent as a share of renters' income | 33.1% | 29.2% | 30.6% |
| Median year homes were built | 1996 | 1965 | 1980 |
| Vacant homes | 1.5% | 9.2% | 10.1% |
| Population | 1,458 | 13,018,639 | 334,922,499 |
What a typical home costs per month in Elverson
At this week's average 30-year rate of 7.11%, buying the median Elverson home of $369,900 with 20% down costs about $2,589 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,205, 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 $110,943 for the 20%-down payment. That payment is 40% of the median Elverson household income of $78,000; at that income and 20% down, the 28% guideline points to a home of about $260,000.
The median rent here is $826 a month, so owning the median home costs about $1,763 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $73,980 |
|---|---|
| Loan amount | $295,920 |
| Principal and interest | $1,991 |
| Property taxes (1.44% a year) | $444 |
| Homeowners insurance (our estimate, 0.5% a year) | $154 |
| PMI | $0 |
| Total per month | $2,589 |
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| Down payment | $12,946 |
|---|---|
| Loan amount | $363,200 |
| Principal and interest | $2,443 |
| Property taxes (1.44% a year) | $444 |
| Homeowners insurance (our estimate, 0.5% a year) | $154 |
| FHA mortgage insurance | $164 |
| Total per month | $3,205 |
Change the numbers in the calculator
Questions about home buying in Elverson
What is the median home value in Elverson?
About $369,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Elverson?
Homeowners pay a median $5,313 a year, which is about 1.44% 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 Elverson?
For the median home with 20% down at 7.11%, the payment is about $2,589 a month. Keeping that under 28% of gross income takes about $110,943 a year.
More about Elverson
- Mortgage Refinance in Elverson
- Debt Relief in Elverson
- Home Equity Loans in Elverson
- 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