The typical owner-occupied home in Thorndale is worth about $341,900, 34% above the Pennsylvania median of $254,500 and 3% above the national median of $332,700. Owners pay a median $5,436 a year in property taxes, about 1.59% of their home's value, higher than the Pennsylvania rate of 1.30%. The median household earns $99,479 a year, so the median home costs 3.4 times the median income (3.3 times for Pennsylvania). 67% of occupied homes here are lived in by their owners, and 72% of those owners still have a mortgage.
Thorndale at a glance
| Thorndale | Pennsylvania | U.S. | |
|---|---|---|---|
| Median home value | $341,900 | $254,500 | $332,700 |
| Median property tax paid per year | $5,436 | $3,311 | $3,119 |
| Property tax as a share of value | 1.59% | 1.30% | 0.94% |
| Median household income | $99,479 | $77,971 | $80,734 |
| Homes lived in by their owners | 67% | 69% | 65% |
| Owner homes with a mortgage | 72% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $2,387 | $1,762 | $1,963 |
| Those costs as a share of the owners' income | 19.3% | 19.4% | 21.0% |
| Median rent | $1,945 | $1,209 | $1,413 |
| Rent as a share of renters' income | 35.1% | 29.2% | 30.6% |
| Median year homes were built | 1976 | 1965 | 1980 |
| Vacant homes | 0.0% | 9.2% | 10.1% |
| Population | 3,854 | 13,018,639 | 334,922,499 |
What a typical home costs per month in Thorndale
At this week's average 30-year rate of 7.11%, buying the median Thorndale home of $341,900 with 20% down costs about $2,435 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,005, 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 $104,377 for the 20%-down payment. That payment is 29% of the median Thorndale household income of $99,479; at that income and 20% down, the 28% guideline points to a home of about $326,000.
The median rent here is $1,945 a month, so owning the median home costs about $490 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $68,380 |
|---|---|
| Loan amount | $273,520 |
| Principal and interest | $1,840 |
| Property taxes (1.59% a year) | $453 |
| Homeowners insurance (our estimate, 0.5% a year) | $142 |
| PMI | $0 |
| Total per month | $2,435 |
Change the numbers in the calculator
| Down payment | $11,966 |
|---|---|
| Loan amount | $335,707 |
| Principal and interest | $2,258 |
| Property taxes (1.59% a year) | $453 |
| Homeowners insurance (our estimate, 0.5% a year) | $142 |
| FHA mortgage insurance | $151 |
| Total per month | $3,005 |
Change the numbers in the calculator
Questions about home buying in Thorndale
What is the median home value in Thorndale?
About $341,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Thorndale?
Homeowners pay a median $5,436 a year, which is about 1.59% 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 Thorndale?
For the median home with 20% down at 7.11%, the payment is about $2,435 a month. Keeping that under 28% of gross income takes about $104,377 a year.
More about Thorndale
- Mortgage Refinance in Thorndale
- Debt Relief in Thorndale
- Home Equity Loans in Thorndale
- 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