The typical owner-occupied home in Kennett Square is worth about $402,700, 58% above the Pennsylvania median of $254,500 and 21% above the national median of $332,700. Owners pay a median $4,903 a year in property taxes, about 1.22% of their home's value, lower than the Pennsylvania rate of 1.30%. The median household earns $80,505 a year, so the median home costs 5.0 times the median income (3.3 times for Pennsylvania). 56% of occupied homes here are lived in by their owners, and 71% of those owners still have a mortgage.
Kennett Square at a glance
| Kennett Square | Pennsylvania | U.S. | |
|---|---|---|---|
| Median home value | $402,700 | $254,500 | $332,700 |
| Median property tax paid per year | $4,903 | $3,311 | $3,119 |
| Property tax as a share of value | 1.22% | 1.30% | 0.94% |
| Median household income | $80,505 | $77,971 | $80,734 |
| Homes lived in by their owners | 56% | 69% | 65% |
| Owner homes with a mortgage | 71% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $2,221 | $1,762 | $1,963 |
| Those costs as a share of the owners' income | 19.0% | 19.4% | 21.0% |
| Median rent | $1,396 | $1,209 | $1,413 |
| Rent as a share of renters' income | 32.6% | 29.2% | 30.6% |
| Median year homes were built | 1957 | 1965 | 1980 |
| Vacant homes | 5.6% | 9.2% | 10.1% |
| Population | 6,243 | 13,018,639 | 334,922,499 |
What a typical home costs per month in Kennett Square
At this week's average 30-year rate of 7.11%, buying the median Kennett Square home of $402,700 with 20% down costs about $2,744 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,415, 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 $117,617 for the 20%-down payment. That payment is 41% of the median Kennett Square household income of $80,505; at that income and 20% down, the 28% guideline points to a home of about $276,000.
The median rent here is $1,396 a month, so owning the median home costs about $1,348 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $80,540 |
|---|---|
| Loan amount | $322,160 |
| Principal and interest | $2,167 |
| Property taxes (1.22% a year) | $409 |
| Homeowners insurance (our estimate, 0.5% a year) | $168 |
| PMI | $0 |
| Total per month | $2,744 |
Change the numbers in the calculator
| Down payment | $14,094 |
|---|---|
| Loan amount | $395,406 |
| Principal and interest | $2,660 |
| Property taxes (1.22% a year) | $409 |
| Homeowners insurance (our estimate, 0.5% a year) | $168 |
| FHA mortgage insurance | $178 |
| Total per month | $3,415 |
Change the numbers in the calculator
Questions about home buying in Kennett Square
What is the median home value in Kennett Square?
About $402,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Kennett Square?
Homeowners pay a median $4,903 a year, which is about 1.22% 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 Kennett Square?
For the median home with 20% down at 7.11%, the payment is about $2,744 a month. Keeping that under 28% of gross income takes about $117,617 a year.
More about Kennett Square
- Mortgage Refinance in Kennett Square
- Debt Relief in Kennett Square
- Home Equity Loans in Kennett Square
- 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